Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.013%
Price spread now: Bitget against Lighter RH−0.003%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.003%, 7d avg +0.009%
=Together, before fees−0.068%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.009%, 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 | Lighter RH SPY | 773.96 | 0.0032 | pay 0.0004% / 1h | 55m 45s | $56.8M | $115.2M | 50x |
| Short | Bitget SPYUSDT | 773.94 | 0 | get 0.0000% / 8h | 6h 55m | $11.0M | $1.5M | 50x |
Lighter RH SPY
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter RH. 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: −0.003% → +0.009%
- −$1.14
- Slippage, 4 orders
- −$2.24
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$22.1
- Costs to cover
- 0.142%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Bitget: live order book, 3 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 RH live order book, 3 min ago | 0.26 bp | 0.3 bp $0 | 0.5 bp −$5 | 5.2 bp −$525 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.06 bp | 6.7 bp −$7 | 8.6 bp −$86 | 17.7 bp −$1,768 | 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 | 774.10 | +0.018% | $414K | $411K | 50x | as long as short |
| Nado SPY-PERP | −0.0048% | 1h | 773.81 | −0.020% | $1.5M | $251K | 20x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.63 | −0.043% | $158K | $150K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.78 | −0.023% | $862K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.78 | −0.023% | $28.6M | $76.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.81 | −0.019% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.77 | −0.025% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.60 | −0.047% | $792K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.79 | −0.022% | $19.1M | $12.1M | 100x | as long as short |
| Bitget SPYUSDTshort | 0.0000% | 8h | 773.94 | −0.003% | $11.0M | $1.5M | 50x |
BloFin SPY-USDT
Nado SPY-PERP
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.18 | +0.158% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.58 | +0.080% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.72 | −0.031% | $7.9M | $17.1M | 50x | as long as short |
| Lighter RH SPYlong | +0.0032% | 1h | 773.96 | long leg | $56.8M | $115.2M | 50x | |
| Arcus SPY-USD | +0.0040% | 1h | 773.04 | −0.119% | $967K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.02 | −0.121% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.14 | −0.106% | $4.8M | $850K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 772.60 | −0.176% | $951K | $505K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 773.88 | −0.010% | $23K | $56K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0097% | 8h | 774.16 | +0.026% | $161K | $341K | 10x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.43 | −0.068% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.09 | −0.112% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.97 | +0.001% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.44 | −0.068% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 774.23 | +0.035% | $7.2M | $3.5M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.04 | +0.011% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0472% | 4h | 774.04 | +0.010% | $640K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
GRVT SPY_USDT_Perp
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC