Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter RH against Ondo Perps+0.128%7-day average +0.162% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now +0.128%, 7d avg +0.162%
=Together, before fees+0.241%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.034% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.128% now, against its 7-day average of +0.162%). If the spread goes back, that is −$3 on $10k: about 5.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.161% in total) that is about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.65 | 0.0050 | pay 0.0006% / 1h | 38m 30s | $4.8M | $840K | 20x |
| Short | Lighter RH SPY | 774.64 | 0.0072 | get 0.0009% / 1h | 38m 30s | $56.5M | $113.5M | 50x |
Ondo Perps SPY-USD.P
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Ondo Perps. 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
- $4.54
- Price spread: +0.128% → +0.162%
- −$3.42
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$3.88
- Costs to cover
- 0.050%
- Break-even
- 13.0 days
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 6 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 6 min ago | 0.06 bp | 0.1 bp $0 | 0.7 bp −$7 | 11.6 bp −$1,155 | 330.0 bp −$165.0K |
Ondo Perps: 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 | −0.0104% | 8h | 774.31 | +0.085% | $417K | $468K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.37 | +0.093% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.79 | +0.018% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.107% | $10.9M | $1.9M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.97 | +0.041% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.39 | +0.225% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.118% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0001% | 8h | 774.32 | +0.087% | $7.9M | $3.2M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0014% | 8h | 774.43 | +0.101% | $163K | $386K | 10x | as long as short |
| Binance SPYUSDT | +0.0016% | 8h | 774.31 | +0.085% | $28.3M | $80.0M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
GRVT SPY_USDT_Perp
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0016% | 8h | 774.30 | +0.084% | $25.4M | $11.8M | 100x | as long as short |
| ApeX Omni SPYUSDT | +0.0023% | 1h | 773.24 | −0.053% | $162K | $24K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.02 | +0.048% | $23K | $56K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.003% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.066% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.65 | long leg | $4.8M | $840K | 20x | |
| Aster SPYUSDT | +0.0060% | 8h | 774.73 | +0.140% | $865K | $196K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.052% | $954K | $552K | 20x | as long as short |
| Lighter RH SPYshort | +0.0072% | 1h | 774.64 | +0.128% | $56.5M | $113.5M | 50x | |
| Lighter SPY | +0.0080% | 1h | 774.33 | +0.088% | $8.3M | $19.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0088% | 1h | 773.91 | +0.033% | $1.5M | $280K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.72 | +0.009% | $2.5M | $977K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.33 | +0.088% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.73 | +0.010% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.47 | +0.107% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | +0.086% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0666% | 4h | 774.19 | +0.070% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
ApeX Omni SPYUSDT
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Aster SPYUSDT
Coinbase International SPY-PERP-INTX
Lighter SPY
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC