Funding you earn now, next payment 09:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.008%
Price spread now: Lighter against Bitget−0.026%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 7 days−0.126%−$13 · spread now −0.026%, 7d avg −0.090%
=Together, before fees−0.042%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.064% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 773.67 | 0 | get 0.0000% / 8h | 7h 16m | $11.0M | $1.5M | 50x |
| Short | Lighter SPY | 773.47 | 0.0080 | get 0.0010% / 1h | 16m 37s | $7.9M | $17.2M | 50x |
Bitget SPYUSDT
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $16.8
- Price spread: −0.026% → −0.090%
- $6.43
- Slippage, 4 orders
- −$4.25
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $6.98
- Costs to cover
- 0.162%
- Break-even
- 4.1 days
Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 12 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 Bitget live order book, 2 min ago | 0.06 bp | 7.3 bp −$7 | 9.6 bp −$96 | 11.1 bp −$1,106 | 14.1 bp −$7,074 |
| Sell Lighter live order book, 12 min ago | 0.71 bp | 1.3 bp −$1 | 4.2 bp −$42 | 20.5 bp −$2,049 | 38.3 bp −$19.2K |
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 | 773.44 | −0.030% | $416K | $409K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.56 | −0.143% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.97 | −0.091% | $861K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.49 | −0.023% | $28.6M | $75.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.52 | −0.019% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.52 | −0.019% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.14 | −0.069% | $791K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.54 | −0.017% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 773.67 | long leg | $11.0M | $1.5M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.09 | −0.074% | $165K | $340K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 774.55 | +0.114% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.96 | −0.092% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.78 | +0.014% | $56.8M | $120.2M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0035% | 1h | 773.17 | −0.065% | $23K | $55K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.52 | −0.149% | $925K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.37 | −0.168% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.82 | −0.239% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.60 | −0.138% | $951K | $507K | 20x | as long as short |
| Nado SPY-PERP | +0.0060% | 1h | 773.04 | −0.082% | $1.5M | $252K | 20x | as long as short |
| Lighter SPYshort | +0.0080% | 1h | 773.47 | −0.026% | $7.9M | $17.2M | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.89 | −0.101% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.38 | −0.167% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.28 | −0.050% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.72 | −0.122% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.41 | −0.033% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.40 | −0.035% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0599% | 4h | 772.92 | −0.097% | $639K | $243K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC