SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.037%

Price spread now: Aevo against Lighter−0.045%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.045% cheaper against Lighter than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPY	774.32	0.0032	pay 0.0004% / 1h	22m 02s	$8.2M	$22.3M	50x
Short	Aevo SPY-PERP	773.97	0.0104	get 0.0013% / 1h	22m 02s	$87K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee AevobpOrdersPrice spread, now −0.045%Rate

Funding earned: $15.12
Price spread: −0.045% → 0.000%: −$4.49
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$5.37
Costs to cover: 0.160%
Break-even: 9.5 days

Slippage unknown: Lighter: live order book, 7 min ago; Aevo: no order-book sample. Net counts fees only.

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 Lighter live order book, 7 min ago	0.52 bp	1.6 bp −$2	5.7 bp −$57	14.2 bp −$1,417	28.9 bp −$14.5K
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Arcus SPY-USD	−0.0266%	1h	773.51	−0.105%	$941K	$1.4M	50x	as long as short
BloFin SPY-USDT	−0.0120%	8h	774.50	+0.023%	$414K	$726K	50x	as long as short
Phoenix SPY	−0.0052%	1h	773.85	−0.061%	$161K	$296K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.30	−0.003%	$863K	$204K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.49	+0.021%	$28.6M	$82.9M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.40	+0.010%	$6.2M	$2.1M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.42	+0.013%	$7.9M	$3.4M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.96	−0.046%	$755K	$2.3M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.49	+0.022%	$28.0M	$11.8M	100x	as long as short
SunX SPY-USDT	0.0000%	8h	775.56	+0.160%	$2K	$1.5M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SPY-USDT	0.0000%	8h	774.67	+0.045%	$308K	$20K	50x	as long as short
GRVT SPY_USDT_Perp	+0.0004%	8h	774.60	+0.037%	$157K	$411K	10x	as long as short
Lighter SPYlong	+0.0032%	1h	774.32	long leg	$8.2M	$22.3M	50x
Lighter RH SPY	+0.0032%	1h	774.61	+0.037%	$56.9M	$119.3M	50x	as long as short
Bitget SPYUSDT	+0.0032%	8h	774.49	+0.022%	$11.0M	$2.6M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.18	−0.147%	—	$123K	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0048%	1h	773.56	−0.098%	$955K	$584K	20x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.83	−0.063%	$4.8M	$847K	20x	as long as short
Nado SPY-PERP	+0.0083%	1h	773.91	−0.053%	$1.5M	$293K	20x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0099%	1h	774.17	−0.019%	$23K	$58K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.84	−0.062%	$2.5M	$968K	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.85	−0.061%	$159K	$23K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.39	+0.009%	$1K	—	20x	as long as short
Aevo SPY-PERPshort	+0.0104%	1h	773.97	−0.045%	$87K	—	10x
RISEx SPY/USDC	+0.0110%	1h	774.62	+0.039%	$6.9M	$5.2M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0208% / S −0.0429%	1h	774.50	+0.023%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0724%	4h	774.33	+0.002%	$640K	$241K	20x	as long as short