Funding you earn now, next payment 01:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.062%
Price spread now: BloFin against Lighter+0.044%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$140.140% of the position
Funding, last 7 days−0.312%−$31 on $10k
+Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.044%, 7d avg +0.040%
=Together, before fees−0.303%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPY | 774.38 | 0.0032 | pay 0.0004% / 1h | 45m 09s | $8.2M | $21.5M | 50x |
| Short | BloFin SPY-USDT | 774.72 | −0.0106 | pay 0.0106% / 8h | 7h 45m | $412K | $572K | 50x |
Lighter SPY
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$29.01
- Price spread: +0.044% → +0.040%
- $0.36
- Slippage, 4 orders
- −$1.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$42.64
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; BloFin: live order book, 26 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, 4 min ago | 0.52 bp | 0.9 bp −$1 | 4.2 bp −$42 | 15.1 bp −$1,506 | 29.8 bp −$14.9K |
| Sell BloFin live order book, 26 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.5 bp −$855 | 16.9 bp −$8,453 |
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-USDTshort | −0.0106% | 8h | 774.72 | +0.044% | $412K | $572K | 50x | |
| Arcus SPY-USD | −0.0016% | 1h | 773.77 | −0.079% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.61 | +0.029% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.93 | +0.071% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.40 | +0.003% | $763K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.82 | +0.186% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 775.05 | +0.087% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.89 | +0.066% | $7.9M | $3.3M | 50x | as long as short |
| edgeX SPYUSDC | +0.0004% | 4h | 774.65 | +0.034% | $640K | $242K | 20x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.73 | +0.045% | $28.7M | $11.5M | 100x | as long as short |
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
edgeX SPYUSDC
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0014% | 8h | 774.74 | +0.046% | $28.5M | $81.5M | 50x | as long as short |
| Lighter SPYlong | +0.0032% | 1h | 774.38 | long leg | $8.2M | $21.5M | 50x | |
| Lighter RH SPY | +0.0032% | 1h | 774.92 | +0.070% | $57.3M | $113.0M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0032% | 8h | 774.80 | +0.054% | $168K | $410K | 10x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.47 | −0.118% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.68 | −0.090% | $4.8M | $847K | 20x | as long as short |
| Bitget SPYUSDT | +0.0052% | 8h | 774.86 | +0.062% | $11.0M | $2.4M | 50x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.20 | −0.023% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.049% | $954K | $559K | 20x | as long as short |
| Nado SPY-PERP | +0.0073% | 1h | 774.26 | −0.015% | $1.5M | $291K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.17 | −0.027% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.62 | −0.098% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.77 | +0.050% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.15 | −0.030% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.74 | +0.046% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0267% | 1h | 774.58 | +0.026% | $23K | $59K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.86 | +0.062% | $6.9M | $5.2M | 25x | as long as short |
Binance SPYUSDT
Lighter RH SPY
GRVT SPY_USDT_Perp
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Phoenix SPY
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]
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC