SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.059%

Price spread now: Lighter RH against RISEx+0.010%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$7as in the Price arb table

costs, in and out, $10k−$80.076% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.054%−$5 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.010%, 7d avg +0.008%

Together, before fees−0.064%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPY/USDC	774.53	0.0097	pay 0.0012% / 1h	22m 59s	$6.9M	$5.0M	25x
Short	Lighter RH SPY	774.61	0.0096	get 0.0012% / 1h	22m 59s	$56.4M	$114.6M	50x

Funding history

latest

Range statsloading…

Lighter RH against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee RISExbpFee Lighter RHbpOrdersPrice spread, now +0.010%Rate

Slippage from RISEx: live order book, 1 min ago; Lighter RH: live order book, 6 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 1 min ago	0.06 bp	3.9 bp −$4	4.4 bp −$44	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.06 bp	0.5 bp −$1	1.1 bp −$11	13.1 bp −$1,315	doesn't fit

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	−0.0108%	8h	774.37	−0.021%	$418K	$468K	50x	as long as short
ApeX Omni SPYUSDT	−0.0076%	1h	773.48	−0.136%	$162K	$24K	50x	as long as short
Phoenix SPY	−0.0021%	1h	773.71	−0.106%	$161K	$295K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.41	−0.016%	$6.3M	$2.0M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.40	−0.017%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.86	−0.087%	$780K	$2.4M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.53	0.000%	$10.9M	$1.9M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.46	−0.010%	$162K	$375K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.47	+0.121%	$1K	$1.4M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.69	+0.020%	$308K	$20K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SPYUSDT	+0.0007%	8h	774.43	−0.013%	$863K	$203K	20x	as long as short
MEXC SPY_USDT	+0.0012%	8h	774.36	−0.022%	$23.3M	$12.0M	100x	as long as short
Binance SPYUSDT	+0.0012%	8h	774.35	−0.023%	$28.3M	$79.6M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.57	−0.124%	$929K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.15	−0.179%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.51	−0.132%	$4.8M	$842K	20x	as long as short
Nado SPY-PERP	+0.0051%	1h	773.87	−0.086%	$1.5M	$292K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0056%	1h	774.05	−0.062%	$954K	$552K	20x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0060%	1h	773.99	−0.070%	$23K	$55K	20x	as long as short
Lighter SPY	+0.0064%	1h	774.25	−0.037%	$8.3M	$21.0M	50x	as long as short
Lighter RH SPYshort	+0.0096%	1h	774.61	+0.010%	$56.4M	$114.6M	50x
RISEx SPY/USDClong	+0.0097%	1h	774.53	long leg	$6.9M	$5.0M	25x
KuCoin SPYUSDTM	+0.0100%	8h	773.68	−0.110%	$2.5M	$977K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.38	−0.020%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.76	−0.100%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.38	−0.020%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0432%	4h	774.22	−0.041%	$640K	$241K	20x	as long as short