Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.052%
Price spread now: Lighter against SunX−0.124%7-day average −0.179% · you buy dearer than you sell
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2372.371% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.124%, 7d avg −0.179%
=Together, before fees+0.047%+ Points / potential airdropLighter: Season 3 · farm board+$5 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 0.055% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.179%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.30 | 0 | get 0.0000% / 8h | 3h 28m | $2K | $1.4M | 10x |
| Short | Lighter SPY | 774.34 | 0.0104 | get 0.0013% / 1h | 28m 02s | $8.2M | $19.3M | 50x |
SunX SPY-USDT
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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
- $21.84
- Price spread: −0.124% → −0.179%
- $5.49
- Slippage, 4 orders
- −$229.06
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$209.73
- Costs to cover
- 2.371%
- Break-even
- 74.2 days
Slippage from SunX: live order book, 6 min ago; Lighter: live order book, 11 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 SunX live order book, 6 min ago | 29.08 bp | 107.5 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 0.13 bp | 0.4 bp $0 | 1.3 bp −$13 | 18.9 bp −$1,891 | 40.1 bp −$20.0K |
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 | 774.19 | −0.143% | $417K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.70 | −0.206% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.28 | −0.132% | $28.1M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.22 | −0.139% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | −0.143% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.94 | −0.175% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.27 | −0.133% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.44 | −0.111% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.19 | −0.143% | $159K | $381K | 10x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.30 | long leg | $2K | $1.4M | 10x |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.49 | −0.104% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0008% | 8h | 774.12 | −0.152% | $864K | $194K | 20x | as long as short |
| Nado SPY-PERP | +0.0031% | 1h | 774.06 | −0.159% | $1.5M | $276K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0032% | 1h | 773.21 | −0.270% | $162K | $24K | 50x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.72 | −0.075% | $56.4M | $117.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.237% | $927K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.24 | −0.266% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.09 | −0.285% | $4.7M | $841K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.201% | $950K | $551K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 774.17 | −0.146% | $23K | $56K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.57 | −0.223% | $2.5M | $981K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | −0.147% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.46 | −0.108% | $7.0M | $5.0M | 25x | as long as short |
| edgeX SPYUSDC | +0.0101% | 4h | 774.06 | −0.160% | $640K | $243K | 20x | as long as short |
| Lighter SPYshort | +0.0104% | 1h | 774.34 | −0.124% | $8.2M | $19.3M | 50x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.69 | −0.208% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | −0.131% | $10K | — | 26x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
Nado SPY-PERP
ApeX Omni SPYUSDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
edgeX SPYUSDC
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]