Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.018%
Price spread now: SunX against Lighter RH+0.119%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2372.373% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.119%, 7d avg +0.134%
=Together, before fees−0.131%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.134%, 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 | 774.69 | 0.0032 | pay 0.0004% / 1h | 1m 14s | $57.6M | $115.4M | 50x |
| Short | SunX SPY-USDT | 775.61 | 0 | get 0.0000% / 8h | 7h 01m | $1K | $1.5M | 10x |
Lighter RH SPY
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.119% → +0.134%
- −$1.49
- Slippage, 4 orders
- −$229.26
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$245.47
- Costs to cover
- 2.373%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; SunX: live order book, 4 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 | 0.45 bp | 0.5 bp $0 | 1.2 bp −$12 | 9.3 bp −$926 | doesn't fit |
| Sell SunX live order book, 4 min ago | 29.07 bp | 128.7 bp −$129 | doesn't fit | 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 | −0.0095% | 8h | 774.47 | −0.028% | $415K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.70 | −0.128% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.58 | −0.014% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.01 | −0.088% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.62 | −0.009% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDTshort | 0.0000% | 8h | 775.61 | +0.119% | $1K | $1.5M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.09 | −0.077% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.82 | +0.017% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0014% | 8h | 774.46 | −0.030% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0017% | 8h | 774.66 | −0.004% | $863K | $204K | 20x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0024% | 8h | 774.45 | −0.031% | $19.0M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0025% | 8h | 774.46 | −0.030% | $28.5M | $81.5M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.31 | −0.049% | $8.3M | $21.7M | 50x | as long as short |
| Lighter RH SPYlong | +0.0032% | 1h | 774.69 | long leg | $57.6M | $115.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.22 | −0.190% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.152% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0060% | 8h | 774.53 | −0.021% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.85 | −0.108% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.089% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | −0.111% | $2.5M | $953K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.89 | −0.103% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.46 | −0.030% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.88 | −0.105% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0116% | 1h | 774.05 | −0.083% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.47 | −0.029% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0259% | 4h | 774.34 | −0.045% | $640K | $242K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.62 | −0.009% | $6.9M | $5.2M | 25x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Lighter SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC
RISEx SPY/USDC