data as of
Settings8H · net · $10k
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Funding arb /

SPY

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Funding spread now, next payment 15:00 UTC+0.0038%/8h
paid, last 24h−0.012%paid, last 7 days−0.106%to open and close $10k−$12
Long on Lighter RHShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SPY770.450.0064pay 0.0008% / 1h21m 41s$57.6M$112.7M50x
ShortOKX SPY-USDT-SWAP770.150.0102get 0.0102% / 8h1h 21m$8.3M$2.5M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$8
Slippage, 4 orders
−$2.46
Fee Lighter RH: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$4.46
Break-even
10.9 days
Slippage from Lighter RH: live order book, 4 min ago; OKX: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.039%
Avg gap 7d
−0.006%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago0.13 bp1.6 bp −$22.2 bp −$227.8 bp −$78117.4 bp −$8,696
Sell OKX live order book, 3 min ago0.06 bp5.2 bp −$57.4 bp −$7417.7 bp −$1,768doesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0240%1h$168K$229K20xas long as short
Bybit SPYUSDT0.0000%8h$6.2M$1.7M100xas long as short
Gate SPY_USDT0.0000%8h$813K$1.2M75xas long as short
SunX SPY-USDT0.0000%8h$2K$1.3M10xas long as short
HTX SPY-USDT0.0000%8h$307K$23K50xas long as short
Nado SPY-PERP0.0000%1h$1.5M$360K20xas long as short
BloFin SPY-USDT+0.0034%8h$444K$630K50xas long as short
Arcus SPY-USD+0.0040%1h$1.0M$958K50xas long as short
Vest SPY-USD-PERP+0.0046%1h—$61K50xas long as short
Ondo Perps SPY-USD.P+0.0048%1h$4.7M$390K20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter RH SPYlong+0.0064%1h$57.6M$112.7M50x
RISEx SPY/USDC+0.0079%1h$6.8M$5.4M25xas long as short
Deribit SPY_USDC-PERPETUAL+0.0088%1h$18K$55K20xas long as short
Lighter SPY+0.0096%1h$10.8M$14.4M50xas long as short
KuCoin SPYUSDTM+0.0100%8h$2.4M$1.2M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h$154K$31K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h$1K—20xas long as short
OKX SPY-USDT-SWAPshort+0.0102%8h$8.3M$2.5M50x
Aevo SPY-PERP+0.0104%1h$86K—10xas long as short
MEXC SPY_USDT+0.0153%8h$19.9M$11.4M100xas long as short
Binance SPYUSDT+0.0153%8h$33.3M$58.9M50xas long as short
Aster SPYUSDT+0.0154%8h$861K$156K20xas long as short
Coinbase International SPY-PERP-INTX+0.0208%1h$959K$553K20xas long as short
Bitget SPYUSDT+0.0242%8h$11.0M$2.6M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0428% / S −0.3519%1h$20K—26xas long as short
edgeX SPYUSDC+0.0524%4h$641K$234K20xas long as short