SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.006%

Price spread now: Lighter RH against Arcus+0.094%7-day average +0.109% · 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−$13as in the Price arb table

costs, in and out, $10k−$120.116% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.094%, 7d avg +0.109%

Together, before fees−0.001%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPY-USD	773.33	0.0040	pay 0.0005% / 1h	7m 46s	$923K	$1.3M	50x
Short	Lighter RH SPY	774.06	0.0032	get 0.0004% / 1h	7m 46s	$56.5M	$121.1M	50x

Funding history

latest

Range statsloading…

Lighter RH against Arcus. 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 ArcusbpFee Lighter RHbpOrdersPrice spread, now +0.094%Rate

Slippage from Arcus: 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 Arcus live order book, 1 min ago	0.06 bp	2.4 bp −$2	4.3 bp −$43	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.06 bp	0.6 bp −$1	1.1 bp −$11	7.6 bp −$763	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
Phoenix SPY	−0.0155%	1h	773.28	−0.006%	$158K	$254K	20x	as long as short
BloFin SPY-USDT	−0.0120%	8h	773.93	+0.078%	$418K	$445K	50x	as long as short
ApeX Omni SPYUSDT	−0.0025%	1h	773.36	+0.004%	$164K	$25K	50x	as long as short
Aster SPYUSDT	0.0000%	8h	773.78	+0.058%	$863K	$193K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	773.78	+0.059%	$28.6M	$75.5M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	773.67	+0.044%	$6.2M	$1.6M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	773.80	+0.061%	$7.9M	$3.1M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.36	+0.004%	$770K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	773.87	+0.070%	$29.7M	$11.8M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	773.96	+0.081%	$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	774.10	+0.100%	$169K	$341K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	774.98	+0.213%	$2K	$1.3M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	773.59	+0.034%	$23K	$54K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.48	+0.149%	$300K	$38K	50x	as long as short
RISEx SPY/USDC	+0.0014%	1h	774.09	+0.098%	$7.1M	$4.0M	25x	as long as short
Coinbase International SPY-PERP-INTX	+0.0024%	1h	773.80	+0.061%	$951K	$509K	20x	as long as short
Lighter RH SPYshort	+0.0032%	1h	774.06	+0.094%	$56.5M	$121.1M	50x
Arcus SPY-USDlong	+0.0040%	1h	773.33	long leg	$923K	$1.3M	50x
Vest SPY-USD-PERP	+0.0046%	1h	772.75	−0.075%	—	$123K	50x	as long as short
Nado SPY-PERP	+0.0047%	1h	773.45	+0.016%	$1.6M	$247K	20x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.10	−0.030%	$4.8M	$865K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.28	−0.006%	$2.5M	$997K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	773.87	+0.070%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.34	+0.001%	$87K	—	10x	as long as short
Lighter SPY	+0.0120%	1h	773.91	+0.075%	$7.9M	$18.0M	50x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	773.88	+0.072%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0299%	4h	773.83	+0.065%	$639K	$242K	20x	as long as short