SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0397%/8h= +43.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.315%

Price spread now: GMX against Lighter RH−0.043%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. GMX is 0.043% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPY	774.69	0.0032	pay 0.0004% / 1h	23m 37s	$56.2M	$119.3M	50x
Short	GMX SPY/USD [ETH-USDC]	774.36	L +0.0209% / S −0.0429%	get 0.0054% / 1h	23m 37s	$10K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 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 Lighter RHbpFee GMXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $83.4
Price spread: −0.043% → 0.000%: −$4.32
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $67.07
Costs to cover: 0.120%
Break-even: 1.4 days

Slippage unknown: Lighter RH: live order book, 6 min ago; GMX: 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 RH live order book, 6 min ago	0.06 bp	0.2 bp $0	0.7 bp −$7	8.6 bp −$858	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
ApeX Omni SPYUSDT	−0.0217%	1h	773.48	−0.156%	$164K	$25K	50x	as long as short
BloFin SPY-USDT	−0.0120%	8h	774.10	−0.076%	$419K	$471K	50x	as long as short
Phoenix SPY	−0.0114%	1h	773.79	−0.116%	$161K	$294K	20x	as long as short
Ondo Perps SPY-USD.P	−0.0026%	1h	773.40	−0.167%	$4.8M	$870K	20x	as long as short
Nado SPY-PERP	−0.0011%	1h	774.18	−0.066%	$1.6M	$253K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.28	−0.052%	$864K	$198K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.36	−0.043%	$28.7M	$78.7M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.19	−0.065%	$6.2M	$1.7M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.19	−0.065%	$8.0M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.86	−0.107%	$770K	$2.5M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPY_USDT	0.0000%	8h	774.35	−0.044%	$29.7M	$11.9M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.54	−0.019%	$10.9M	$1.8M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.43	−0.034%	$158K	$361K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.45	+0.098%	$2K	$1.4M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	773.94	−0.097%	$23K	$56K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.48	−0.027%	$300K	$38K	50x	as long as short
Lighter SPY	+0.0032%	1h	774.43	−0.034%	$8.2M	$18.6M	50x	as long as short
Lighter RH SPYlong	+0.0032%	1h	774.69	long leg	$56.2M	$119.3M	50x
Coinbase International SPY-PERP-INTX	+0.0032%	1h	773.92	−0.099%	$950K	$532K	20x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.55	−0.147%	$927K	$1.4M	50x	as long as short
RISEx SPY/USDC	+0.0043%	1h	774.63	−0.008%	$7.1M	$4.2M	25x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.47	−0.157%	—	$123K	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.54	−0.148%	$2.5M	$1.0M	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.24	−0.058%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.84	−0.110%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]short	L +0.0209% / S −0.0429%	1h	774.36	−0.043%	$10K	—	26x
edgeX SPYUSDC	+0.0616%	4h	774.22	−0.060%	$640K	$241K	20x	as long as short