SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.017%

Price spread now: Lighter RH against Aevo+0.117%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. Lighter RH is 0.117% dearer against Aevo than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPY-PERP	773.77	0.0104	pay 0.0013% / 1h	35m 02s	$87K	—	10x
Short	Lighter RH SPY	774.68	0.0032	get 0.0004% / 1h	35m 02s	$56.8M	$118.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee Lighter RHbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$15.12
Price spread: +0.117% → 0.000%: $11.7
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$19.42
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Lighter RH: live order book, 4 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	0.39 bp	0.4 bp $0	1.1 bp −$11	12.9 bp −$1,286	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni SPYUSDT	−0.0167%	1h	773.07	−0.091%	$164K	$25K	50x	as long as short
Phoenix SPY	−0.0155%	1h	773.74	−0.005%	$160K	$254K	20x	as long as short
BloFin SPY-USDT	−0.0120%	8h	774.09	+0.041%	$417K	$446K	50x	as long as short
Aster SPYUSDT	0.0000%	8h	774.30	+0.068%	$863K	$193K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.40	+0.081%	$28.6M	$76.1M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.12	+0.045%	$6.2M	$1.6M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.35	+0.074%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.88	+0.014%	$770K	$2.4M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.38	+0.078%	$29.7M	$11.8M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.49	+0.092%	$10.9M	$1.6M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SPY_USDT_Perp	0.0000%	8h	774.35	+0.074%	$169K	$364K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.42	+0.213%	$2K	$1.3M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	773.96	+0.024%	$23K	$54K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.50	+0.094%	$300K	$38K	50x	as long as short
Nado SPY-PERP	+0.0011%	1h	774.05	+0.035%	$1.6M	$245K	20x	as long as short
RISEx SPY/USDC	+0.0014%	1h	774.57	+0.102%	$7.1M	$4.1M	25x	as long as short
Coinbase International SPY-PERP-INTX	+0.0024%	1h	773.92	+0.019%	$950K	$530K	20x	as long as short
Lighter RH SPYshort	+0.0032%	1h	774.68	+0.117%	$56.8M	$118.6M	50x
Arcus SPY-USD	+0.0040%	1h	773.62	−0.020%	$926K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.27	−0.065%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.46	−0.041%	$4.8M	$865K	20x	as long as short
Lighter SPY	+0.0080%	1h	774.41	+0.082%	$8.0M	$17.8M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.74	−0.005%	$2.5M	$1.0M	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.21	+0.056%	$1K	—	20x	as long as short
Aevo SPY-PERPlong	+0.0104%	1h	773.77	long leg	$87K	—	10x
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.33	+0.071%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0868%	4h	774.14	+0.047%	$640K	$242K	20x	as long as short