Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.016%
Price spread now: Lighter RH against Gate+0.105%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 7 days−0.113%−$11 · spread now +0.105%, 7d avg +0.019%
=Together, before fees+0.002%+ Points / potential airdropLighter RH: Points live · farm board$0 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 RH is 0.085% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.70 | 0 | get 0.0000% / 8h | 4h 05m | $775K | $2.4M | 75x |
| Short | Lighter RH SPY | 774.51 | 0.0056 | get 0.0007% / 1h | 5m 50s | $56.5M | $115.9M | 50x |
Gate SPY_USDT
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Gate. 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
- $11.76
- Price spread: +0.105% → +0.019%
- $8.54
- Slippage, 4 orders
- −$9.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$3.97
- Costs to cover
- 0.243%
- Break-even
- 9.4 days
Slippage from Gate: live order book, 2 min ago; Lighter RH: live order book, 3 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 Gate live order book, 2 min ago | 2.91 bp | 11.0 bp −$11 | 17.0 bp −$170 | 65.0 bp −$6,501 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.06 bp | 0.5 bp $0 | 1.2 bp −$12 | 12.2 bp −$1,216 | 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 | −0.0120% | 8h | 774.23 | +0.069% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0032% | 1h | 772.98 | −0.093% | $162K | $24K | 50x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.19 | +0.064% | $28.2M | $79.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | +0.072% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.21 | +0.066% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.70 | long leg | $775K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.22 | +0.067% | $27.6M | $12.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.090% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.37 | +0.087% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.65 | −0.006% | $161K | $295K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPYShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.26 | +0.202% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.84 | +0.018% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.43 | +0.094% | $308K | $20K | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.59 | −0.014% | $935K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | +0.0043% | 8h | 774.29 | +0.076% | $865K | $196K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.05 | −0.084% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.43 | −0.035% | $4.8M | $828K | 20x | as long as short |
| Lighter RH SPYshort | +0.0056% | 1h | 774.51 | +0.105% | $56.5M | $115.9M | 50x | |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.045% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0075% | 1h | 773.85 | +0.019% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0088% | 1h | 774.23 | +0.069% | $8.2M | $19.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.93 | +0.030% | $2.5M | $971K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.26 | +0.072% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | −0.008% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.34 | +0.083% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.24 | +0.069% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0333% | 4h | 774.09 | +0.051% | $640K | $241K | 20x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC