Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.014%
Price spread now: Orderly against Lighter RH−0.055%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.055% cheaper against Lighter RH than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SPY | 774.79 | 0.0096 | pay 0.0012% / 1h | 30m 17s | $56.5M | $114.3M | 50x |
| Short | Orderly PERP_SPY_USDC_mythos | 774.36 | 0.0100 | get 0.0100% / 8h | 5h 30m | $1K | — | 20x |
Lighter RH SPY
Orderly PERP_SPY_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0.84
- Price spread: −0.055% → 0.000%
- −$5.55
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$10.71
- Costs to cover
- 0.060%
- Break-even
- 96.2 days
Slippage unknown: Lighter RH: live order book, 4 min ago; Orderly: 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, 4 min ago | 0.06 bp | 0.1 bp $0 | 0.3 bp −$3 | 8.7 bp −$868 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0109% | 8h | 774.49 | −0.039% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0066% | 1h | 773.48 | −0.169% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.84 | −0.123% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.48 | −0.040% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.41 | −0.049% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.96 | −0.107% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.61 | −0.023% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.52 | −0.034% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.59 | +0.103% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | −0.103% | $23K | $55K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.81 | +0.003% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0005% | 8h | 774.44 | −0.045% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0011% | 8h | 774.48 | −0.040% | $23.3M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0011% | 8h | 774.46 | −0.042% | $28.3M | $79.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.54 | −0.161% | $935K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.25 | −0.199% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0046% | 1h | 774.07 | −0.093% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.60 | −0.154% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.096% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.42 | −0.048% | $8.3M | $21.0M | 50x | as long as short |
| Lighter RH SPYlong | +0.0096% | 1h | 774.79 | long leg | $56.5M | $114.3M | 50x | |
| RISEx SPY/USDC | +0.0097% | 1h | 774.61 | −0.023% | $6.9M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.84 | −0.123% | $2.5M | $977K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythosshort | +0.0100% | 8h | 774.36 | −0.055% | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | −0.121% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.49 | −0.039% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0382% | 4h | 774.33 | −0.059% | $640K | $242K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC