Funding you earn now, next payment 06:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.005%
Price spread now: Lighter against MEXC+0.021%7-day average −0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs+$10as in the Price arb table
costs, in and out, $10k−$10.013% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 7 days−0.187%−$19 · spread now +0.021%, 7d avg −0.088%
=Together, before fees−0.162%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.108% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SPY_USDT | 774.51 | 0 | get 0.0000% / 8h | 2h 08m | $29.7M | $12.5M | 100x |
| Short | Lighter SPY | 774.67 | 0.0112 | get 0.0014% / 1h | 8m 47s | $8.2M | $19.4M | 50x |
MEXC SPY_USDT
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against MEXC. 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
- $23.52
- Price spread: +0.021% → −0.088%
- $10.83
- Slippage, 4 orders
- −$1.29
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $33.06
- Costs to cover
- 0.013%
- Break-even
- from the start
Slippage from MEXC: live order book, 5 min ago; Lighter: 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 MEXC live order book, 5 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$7 | 1.0 bp −$518 |
| Sell Lighter live order book, 5 min ago | 0.58 bp | 0.6 bp −$1 | 2.9 bp −$29 | 14.6 bp −$1,462 | 35.2 bp −$17.6K |
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 | 774.09 | −0.054% | $416K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 774.03 | −0.062% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0056% | 1h | 774.39 | −0.016% | $1.6M | $262K | 20x | as long as short |
| ApeX Omni SPYUSDT | −0.0020% | 1h | 773.35 | −0.150% | $164K | $25K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.32 | −0.025% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.48 | −0.004% | $28.5M | $79.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.48 | −0.004% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.52 | +0.001% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.08 | −0.056% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDTlong | 0.0000% | 8h | 774.51 | long leg | $29.7M | $12.5M | 100x |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
ApeX Omni SPYUSDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.68 | +0.022% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.59 | +0.010% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.71 | +0.155% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.47 | −0.005% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.24 | −0.035% | $300K | $37K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.78 | +0.034% | $7.0M | $4.5M | 25x | as long as short |
| Ondo Perps SPY-USD.P | +0.0022% | 1h | 773.49 | −0.132% | $4.7M | $832K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.70 | −0.105% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.59 | −0.119% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.92 | +0.053% | $56.3M | $119.8M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.77 | −0.096% | $950K | $558K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.69 | −0.106% | $2.5M | $976K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.45 | −0.008% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.00 | −0.066% | $87K | — | 10x | as long as short |
| Lighter SPYshort | +0.0112% | 1h | 774.67 | +0.021% | $8.2M | $19.4M | 50x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.58 | +0.008% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0725% | 4h | 774.44 | −0.009% | $640K | $241K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Ondo Perps SPY-USD.P
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter RH SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC