Funding you earn now, next payment 05:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.025%
Price spread now: Bitget against Lighter+0.009%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.155%+$16 · spread now +0.009%, 7d avg +0.094%
=Together, before fees+0.078%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.085% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.094%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPY | 774.36 | 0.0080 | pay 0.0010% / 1h | 17m 12s | $8.2M | $19.3M | 50x |
| Short | Bitget SPYUSDT | 774.43 | 0 | get 0.0000% / 8h | 3h 17m | $10.9M | $1.8M | 50x |
Lighter SPY
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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: +0.009% → +0.094%
- −$8.47
- Slippage, 4 orders
- −$3.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$40.84
- Costs to cover
- 0.156%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Bitget: live order book, 1 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 Lighter live order book, 7 min ago | 0.45 bp | 0.8 bp −$1 | 3.8 bp −$38 | 13.1 bp −$1,315 | 27.6 bp −$13.8K |
| Sell Bitget live order book, 1 min ago | 0.06 bp | 6.8 bp −$7 | 8.3 bp −$83 | 16.6 bp −$1,657 | 26.2 bp −$13.1K |
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 | 774.28 | −0.010% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0022% | 1h | 773.48 | −0.114% | $163K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.72 | −0.083% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.28 | −0.010% | $28.3M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.38 | +0.003% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.20 | −0.021% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.76 | −0.077% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.27 | −0.012% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDTshort | 0.0000% | 8h | 774.43 | +0.009% | $10.9M | $1.8M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.31 | −0.006% | $158K | $359K | 10x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
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 | 775.40 | +0.134% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.019% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0015% | 8h | 774.07 | −0.037% | $864K | $194K | 20x | as long as short |
| Nado SPY-PERP | +0.0017% | 1h | 774.05 | −0.040% | $1.5M | $267K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.70 | +0.044% | $56.4M | $117.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.116% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.149% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.12 | −0.160% | $4.7M | $836K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.080% | $950K | $556K | 20x | as long as short |
| Lighter SPYlong | +0.0080% | 1h | 774.36 | long leg | $8.2M | $19.3M | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.49 | −0.112% | $2.5M | $975K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | −0.026% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.46 | +0.014% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.70 | −0.086% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 774.28 | −0.010% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | −0.010% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0646% | 4h | 774.15 | −0.027% | $640K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC