Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter against ApeX Omni+0.054%7-day average −0.010% · 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−$28as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.054%, 7d avg −0.010%
=Together, before fees−0.114%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.064% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.010%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.68 | 0.0100 | pay 0.0013% / 1h | 34m 56s | $159K | $23K | 50x |
| Short | Lighter SPY | 774.10 | 0.0032 | get 0.0004% / 1h | 34m 56s | $8.3M | $21.4M | 50x |
ApeX Omni SPYUSDT
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- −$14.28
- Price spread: +0.054% → −0.010%
- $6.4
- Slippage, 4 orders
- −$24.64
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$42.51
- Costs to cover
- 0.346%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 31 min ago; Lighter: 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 ApeX Omni live order book, 31 min ago | 1.16 bp | 13.8 bp −$14 | 81.6 bp −$816 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.13 bp | 0.9 bp −$1 | 3.4 bp −$34 | 20.6 bp −$2,060 | 39.4 bp −$19.7K |
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 | −0.0096% | 8h | 774.30 | +0.080% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.02 | +0.044% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.74 | +0.008% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.37 | +0.089% | $10.9M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.211% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.25 | +0.074% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0010% | 8h | 774.04 | +0.047% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0015% | 8h | 774.26 | +0.075% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0023% | 8h | 774.17 | +0.063% | $19.7M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0023% | 8h | 774.17 | +0.063% | $28.4M | $80.4M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0028% | 8h | 774.36 | +0.087% | $162K | $391K | 10x | as long as short |
| Lighter SPYshort | +0.0032% | 1h | 774.10 | +0.054% | $8.3M | $21.4M | 50x | |
| Arcus SPY-USD | +0.0040% | 1h | 773.36 | −0.041% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.58 | −0.013% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.02 | −0.085% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.56 | +0.114% | $57.2M | $112.8M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.39 | −0.037% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | +0.059% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.59 | −0.012% | $2.5M | $937K | 20x | as long as short |
| ApeX Omni SPYUSDTlong | +0.0100% | 1h | 773.68 | long leg | $159K | $23K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.10 | +0.054% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | −0.009% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0124% | 1h | 773.79 | +0.015% | $1.5M | $288K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.31 | +0.081% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.18 | +0.065% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0241% | 1h | 774.08 | +0.052% | $23K | $55K | 20x | as long as short |
| edgeX SPYUSDC | +0.0302% | 4h | 774.06 | +0.049% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Lighter RH SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC