Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.004%
Price spread now: Lighter RH against OKX+0.036%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$120.119% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now +0.036%, 7d avg +0.008%
=Together, before fees+0.062%+ Points / potential airdropLighter RH: Points live · farm board+$6 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 0.028% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPY-USDT-SWAP | 772.83 | 0 | get 0.0000% / 8h | 7h 20m | $7.8M | $3.2M | 50x |
| Short | Lighter RH SPY | 773.11 | 0.0032 | get 0.0004% / 1h | 20m 08s | $56.8M | $119.8M | 50x |
OKX SPY-USDT-SWAP
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against OKX. 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
- $6.72
- Price spread: +0.036% → +0.008%
- $2.8
- Slippage, 4 orders
- −$1.92
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$2.4
- Costs to cover
- 0.119%
- Break-even
- 9.5 days
Slippage from OKX: live order book, 3 min ago; Lighter RH: live order book, 4 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 OKX live order book, 3 min ago | 0.06 bp | 5.7 bp −$6 | 8.2 bp −$82 | 17.2 bp −$1,725 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.06 bp | 0.4 bp $0 | 1.6 bp −$16 | 10.6 bp −$1,060 | 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 | 772.70 | −0.017% | $418K | $408K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.16 | −0.087% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.42 | −0.053% | $860K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.85 | +0.003% | $28.5M | $75.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.59 | −0.031% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 772.83 | long leg | $7.8M | $3.2M | 50x | |
| Gate SPY_USDT | 0.0000% | 8h | 772.50 | −0.043% | $791K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.83 | 0.000% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.95 | +0.016% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.47 | −0.047% | $159K | $330K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
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 | 773.97 | +0.148% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 772.70 | −0.017% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.68 | −0.019% | $299K | $38K | 50x | as long as short |
| Lighter RH SPYshort | +0.0032% | 1h | 773.11 | +0.036% | $56.8M | $119.8M | 50x | |
| Arcus SPY-USD | +0.0040% | 1h | 771.83 | −0.129% | $924K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.83 | −0.129% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.82 | −0.131% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.19 | −0.083% | $951K | $508K | 20x | as long as short |
| edgeX SPYUSDC | +0.0064% | 4h | 772.26 | −0.074% | $638K | $242K | 20x | as long as short |
| Nado SPY-PERP | +0.0072% | 1h | 772.51 | −0.042% | $1.5M | $255K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 772.80 | −0.004% | $7.9M | $17.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.13 | −0.091% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.07 | −0.098% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.73 | −0.013% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.20 | −0.081% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.84 | +0.001% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.82 | −0.001% | $7.1M | $3.5M | 25x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
edgeX SPYUSDC
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC