Funding you earn now, next payment 09:00 UTC+0.0749%/8h= +82.0% APRpaid last 24h +0.035%
Price spread now: edgeX against Lighter+0.012%79s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$210.210% of the position
Funding, last 7 days−0.953%−$95 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.012%, 7d avg +0.019%
=Together, before fees−0.958%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$96 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.953%, so the current rate has only just turned in your favour. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPY | 772.11 | 0.0112 | pay 0.0014% / 1h | 28m 14s | $7.9M | $17.1M | 50x |
| Short | edgeX SPYUSDC | 772.20 | 0.0861 | get 0.0430% / 4h | 3h 28m | $638K | $243K | 20x |
Lighter SPY
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Lighter. 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
- $157.22
- Price spread: +0.012% → +0.019%
- −$0.69
- Slippage, 4 orders
- −$11.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $135.55
- Costs to cover
- 0.210%
- Break-even
- 1.0 days
Slippage from Lighter: live order book, 5 min ago; edgeX: live order book, 5 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 Lighter live order book, 5 min ago | 0.65 bp | 0.9 bp −$1 | 3.7 bp −$37 | 13.0 bp −$1,302 | 27.1 bp −$13.6K |
| Sell edgeX live order book, 5 min ago | 5.11 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
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 | 772.18 | +0.009% | $417K | $437K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 771.89 | −0.028% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.20 | +0.012% | $863K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.12 | +0.001% | $28.6M | $75.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.06 | −0.006% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.05 | −0.008% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 771.89 | −0.028% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.11 | 0.000% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.29 | +0.023% | $10.9M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.56 | +0.058% | $159K | $330K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 773.24 | +0.146% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.37 | +0.034% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.33 | +0.028% | $56.7M | $119.1M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0035% | 1h | 771.89 | −0.028% | $23K | $55K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.40 | −0.092% | $922K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.04 | −0.139% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.40 | −0.092% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 771.63 | −0.062% | $949K | $507K | 20x | as long as short |
| Nado SPY-PERP | +0.0091% | 1h | 771.64 | −0.061% | $1.5M | $252K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 771.70 | −0.053% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 771.86 | −0.032% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.08 | −0.004% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 771.59 | −0.067% | $87K | — | 10x | as long as short |
| Lighter SPYlong | +0.0112% | 1h | 772.11 | long leg | $7.9M | $17.1M | 50x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.12 | +0.001% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.24 | +0.017% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDCshort | +0.0861% | 4h | 772.20 | +0.012% | $638K | $243K | 20x |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC