Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.071%
Price spread now: Lighter against HTX−0.062%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.062%, 7d avg −0.070%
=Together, before fees+0.061%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SPY-USDT | 774.30 | 0 | get 0.0000% / 8h | 2h 06m | $308K | $20K | 50x |
| Short | Lighter SPY | 773.82 | 0.0032 | get 0.0004% / 1h | 6m 18s | $8.8M | $22.2M | 50x |
HTX SPY-USDT
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.72
- Price spread: −0.062% → −0.070%
- $0.82
- Slippage, 4 orders
- −$11.12
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.58
- Costs to cover
- 0.231%
- Break-even
- 23.2 days
Slippage from HTX: live order book, 16 min ago; Lighter: live order book, 12 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX live order book, 16 min ago | 2.45 bp | 8.5 bp −$8 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 0.39 bp | 0.8 bp −$1 | 18.0 bp −$180 | 29.7 bp −$2,970 | 46.2 bp −$23.1K |
SPY on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 774.04 | −0.034% | $414K | $727K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.90 | −0.051% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.02 | −0.036% | $28.4M | $87.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.12 | −0.023% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.08 | −0.028% | $8.0M | $3.6M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.40 | −0.116% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.02 | −0.036% | $25.4M | $12.1M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.08 | −0.028% | $157K | $454K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.45 | −0.110% | $161K | $296K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.09 | +0.102% | $2K | $1.6M | 10x | as long as short |
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDTlong | 0.0000% | 8h | 774.30 | long leg | $308K | $20K | 50x | |
| Nado SPY-PERP | +0.0020% | 1h | 773.54 | −0.099% | $1.5M | $313K | 20x | as long as short |
| Lighter SPYshort | +0.0032% | 1h | 773.82 | −0.062% | $8.8M | $22.2M | 50x | |
| Lighter RH SPY | +0.0040% | 1h | 774.34 | +0.005% | $56.5M | $123.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.22 | −0.139% | $951K | $1.3M | 50x | as long as short |
| Bitget SPYUSDT | +0.0042% | 8h | 773.96 | −0.044% | $10.8M | $3.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.82 | −0.191% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.17 | −0.146% | $4.8M | $917K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.52 | −0.101% | $955K | $653K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0099% | 1h | 773.94 | −0.046% | $22K | $75K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.40 | −0.116% | $2.5M | $985K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.51 | −0.102% | $154K | $16K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.06 | −0.031% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.56 | −0.095% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.04 | −0.033% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0232% | 1h | 774.22 | −0.010% | $6.9M | $5.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0307% | 4h | 774.02 | −0.036% | $640K | $240K | 20x | as long as short |
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Bitget SPYUSDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC