Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.016%
Price spread now: Lighter RH against HTX+0.026%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.026%, 7d avg −0.022%
=Together, before fees+0.076%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.048% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SPY-USDT | 774.29 | 0 | get 0.0000% / 8h | 3h 41m | $308K | $20K | 50x |
| Short | Lighter RH SPY | 774.49 | 0.0048 | get 0.0006% / 1h | 41m 18s | $56.3M | $116.4M | 50x |
HTX SPY-USDT
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against HTX. 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
- $10.08
- Price spread: +0.026% → −0.022%
- $4.77
- Slippage, 4 orders
- −$9.3
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$6.44
- Costs to cover
- 0.213%
- Break-even
- 11.5 days
Slippage from HTX: live order book, 11 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 HTX live order book, 11 min ago | 2.45 bp | 8.5 bp −$8 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.13 bp | 0.1 bp $0 | 0.7 bp −$7 | 13.4 bp −$1,345 | 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 | 774.25 | −0.005% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.71 | −0.075% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.17 | −0.015% | $28.1M | $79.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.22 | −0.009% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.10 | −0.025% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.67 | −0.080% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.17 | −0.015% | $29.0M | $12.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.32 | +0.004% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.34 | +0.007% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.24 | +0.123% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDTlong | 0.0000% | 8h | 774.29 | long leg | $308K | $20K | 50x | |
| Aster SPYUSDT | +0.0022% | 8h | 774.15 | −0.018% | $864K | $194K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0028% | 1h | 773.48 | −0.105% | $163K | $24K | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.53 | −0.098% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.06 | −0.159% | — | $123K | 50x | as long as short |
| Lighter RH SPYshort | +0.0048% | 1h | 774.49 | +0.026% | $56.3M | $116.4M | 50x | |
| Nado SPY-PERP | +0.0049% | 1h | 773.88 | −0.053% | $1.5M | $285K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.13 | −0.150% | $4.8M | $830K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.031% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.26 | −0.004% | $8.2M | $19.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.46 | −0.107% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.13 | −0.021% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.31 | +0.002% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | −0.085% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0151% | 1h | 774.05 | −0.031% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | −0.015% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0987% | 4h | 774.16 | −0.017% | $640K | $241K | 20x | as long as short |
Aster SPYUSDT
ApeX Omni SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC