data as of
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Price arb /

SPY

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$5
spread now−0.004%7d average−0.105%fees + slippage, in and out−$15spread needed0.153%
Long on BitgetShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPYUSDT769.740.0242pay 0.0242% / 8h1h 30m$11.0M$2.6M50x
ShortLighter SPY769.710.0096get 0.0012% / 1h30m 22s$10.8M$13.9M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$0.39
Funding while held
−$4.38
Slippage, 4 orders
−$3.35
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$20.12
Spread needed to break even
0.153%
Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0146%
Per $10,000 a day
−$4.38
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago0.19 bp6.8 bp −$77.4 bp −$747.6 bp −$76114.5 bp −$7,266
Sell Lighter live order book, 5 min ago0.58 bp0.8 bp −$14.2 bp −$4214.4 bp −$1,43634.6 bp −$17.3K

SPY price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps768.62cheapestPhoenix768.64+0.003%Arcus768.78+0.021%Vest769.15+0.069%Aevo769.17+0.072%Coinbase International769.22+0.078%KuCoin769.27+0.085%ApeX Omni769.27+0.085%Gate769.30+0.088%Nado769.43+0.105%Aster769.43+0.105%Deribit769.51+0.116%edgeX769.52+0.118%Orderly769.62+0.130%Bybit769.65+0.134%BloFin769.66+0.135%
Lighter769.71+0.142%
Binance769.73+0.144%
Bitget769.74+0.146%
GMX769.76+0.149%MEXC769.78+0.151%OKX769.85+0.160%RISEx769.95+0.173%HTX769.99+0.178%Lighter RH770.02+0.182%SunX770.93+0.301%

SPY on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps SPY-USD.P−0.146%+0.0015%1h$4.7M$365K20xas long as short
Phoenix SPY−0.143%−0.0240%1h$178K$229K20xas long as short
Arcus SPY-USD−0.125%+0.0040%1h$1.0M$941K50xas long as short
Vest SPY-USD-PERP−0.077%+0.0046%1h—$61K50xas long as short
Aevo SPY-PERP−0.074%+0.0104%1h$86K—10xas long as short
Coinbase International SPY-PERP-INTX−0.068%+0.0208%1h$959K$553K20xas long as short
KuCoin SPYUSDTM−0.061%+0.0100%8h$2.4M$1.2M20xas long as short
ApeX Omni SPYUSDT−0.061%+0.0100%1h$154K$31K50xas long as short
Gate SPY_USDT−0.057%0.0000%8h$813K$1.2M75xas long as short
Nado SPY-PERP−0.041%−0.0011%1h$1.5M$360K20xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster SPYUSDT−0.040%+0.0157%8h$860K$138K20xas long as short
Deribit SPY_USDC-PERPETUAL−0.030%+0.0036%1h$18K$54K20xas long as short
edgeX SPYUSDC−0.028%+0.0246%4h$641K$235K20xas long as short
Orderly PERP_SPY_USDC_mythos−0.016%+0.0100%8h$1K—20xas long as short
Bybit SPYUSDT−0.012%0.0000%8h$6.2M$1.7M100xas long as short
BloFin SPY-USDT−0.010%+0.0037%8h$444K$629K50xas long as short
Lighter SPYshort−0.004%+0.0096%1h$10.8M$13.9M50x
Binance SPYUSDT−0.002%+0.0157%8h$33.4M$57.7M50xas long as short
Bitget SPYUSDTlong0.000%+0.0242%8h$11.0M$2.6M50x
GMX SPY/USD [ETH-USDC]+0.003%L +0.0429% / S −0.3519%1h$20K—26xas long as short
MEXC SPY_USDT+0.005%+0.0157%8h$19.9M$11.4M100xas long as short
OKX SPY-USDT-SWAP+0.014%+0.0103%8h$8.3M$2.5M50xas long as short
RISEx SPY/USDC+0.028%+0.0079%1h$6.8M$5.4M25xas long as short
HTX SPY-USDT+0.032%0.0000%8h$307K$23K50xas long as short
Lighter RH SPY+0.036%+0.0056%1h$57.3M$111.3M50xas long as short
SunX SPY-USDT+0.155%0.0000%8h$2K$1.3M10xas long as short