Funding you earn now, next payment 06:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.010%
Price spread now: Lighter RH against Bitget+0.040%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days−0.054%−$5 · spread now +0.040%, 7d avg −0.009%
=Together, before fees+0.025%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.049% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.18 | 0 | get 0.0000% / 8h | 2h 26m | $10.9M | $1.8M | 50x |
| Short | Lighter RH SPY | 774.49 | 0.0048 | get 0.0006% / 1h | 26m 07s | $56.1M | $118.2M | 50x |
Bitget SPYUSDT
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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
- $10.08
- Price spread: +0.040% → −0.009%
- $4.95
- Slippage, 4 orders
- −$2.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $0.94
- Costs to cover
- 0.141%
- Break-even
- 6.3 days
Slippage from Bitget: live order book, 2 min ago; Lighter RH: live order book, 3 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 Bitget live order book, 2 min ago | 0.06 bp | 7.1 bp −$7 | 9.0 bp −$90 | 15.2 bp −$1,523 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.06 bp | 0.1 bp $0 | 0.7 bp −$7 | 12.0 bp −$1,199 | doesn't fit |
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 | −0.0120% | 8h | 773.99 | −0.025% | $416K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.59 | −0.076% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0036% | 1h | 773.80 | −0.049% | $1.6M | $264K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.06 | −0.015% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.02 | −0.020% | $28.5M | $79.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.90 | −0.036% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.96 | −0.028% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.54 | −0.083% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.03 | −0.019% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 774.18 | long leg | $10.9M | $1.8M | 50x |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.17 | −0.002% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.13 | +0.123% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.84 | −0.044% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.73 | −0.058% | $300K | $37K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.20 | +0.003% | $7.0M | $4.5M | 25x | as long as short |
| Ondo Perps SPY-USD.P | +0.0026% | 1h | 773.10 | −0.140% | $4.7M | $832K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.37 | −0.105% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.07 | −0.143% | — | $123K | 50x | as long as short |
| Lighter RH SPYshort | +0.0048% | 1h | 774.49 | +0.040% | $56.1M | $118.2M | 50x | |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.88 | −0.039% | $951K | $556K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0078% | 1h | 773.12 | −0.137% | $164K | $25K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.41 | −0.099% | $2.5M | $982K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.96 | −0.028% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.53 | −0.084% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0128% | 1h | 774.22 | +0.005% | $8.1M | $19.4M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0210% / S −0.0429% | 1h | 774.05 | −0.016% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0402% | 4h | 773.99 | −0.025% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Ondo Perps SPY-USD.P
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
ApeX Omni SPYUSDT
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC