After costs, if the gap returns to its 7d average, $10k−$9
spread now+0.120%7d average+0.081%fees + slippage, in and out−$13spread needed0.127%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SPY-PERP-INTX | 773.89 | 0.0104 | pay 0.0013% / 1h | 17m 16s | $934K | $614K | 20x |
| Short | Lighter RH SPY | 774.82 | 0.0032 | get 0.0004% / 1h | 17m 16s | $57.1M | $124.1M | 50x |
Coinbase International SPY-PERP-INTX
Lighter RH SPYPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $12.02
- Funding while held
- −$2.16
- Slippage, 4 orders
- −$2.67
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$2.82
- Spread needed to break even
- 0.127%
Slippage from Coinbase International: live order book, 23 min ago; Lighter RH: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0072%
- Per $10,000 a day
- −$2.16
- Average in range /8h
- —
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 Coinbase International live order book, 23 min ago | 0.06 bp | 7.3 bp −$7 | 9.4 bp −$94 | 30.3 bp −$3,032 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.06 bp | 0.1 bp $0 | 1.2 bp −$12 | 13.5 bp −$1,349 | 344.9 bp −$172.5K |
SPY price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps773.19cheapestVest773.59+0.052%KuCoin773.66+0.061%Phoenix773.74+0.071%Arcus773.75+0.072%Aevo773.83+0.083%Gate773.88+0.089%
Ondo Perps
Vest
KuCoin
Phoenix
Arcus
Aevo
GateCoinbase International773.89+0.091%
BloFin773.94+0.097%Nado773.95+0.098%ApeX Omni774.00+0.105%edgeX774.15+0.124%Aster774.18+0.128%OKX774.21+0.132%Bybit774.22+0.133%Bitget774.26+0.138%MEXC774.27+0.140%Binance774.28+0.141%Deribit774.29+0.142%GMX774.29+0.143%RISEx774.32+0.146%Orderly774.32+0.146%Lighter774.37+0.153%HTX774.38+0.154%
BloFin
Nado
ApeX Omni
Aster
OKX
Bybit
Bitget
MEXC
Binance
Deribit
GMX
RISEx
Orderly
Lighter
HTXLighter RH774.82+0.211%
SunX775.37+0.282%
SunXSPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps SPY-USD.P | −0.090% | −0.0166% | 1h | $4.7M | $778K | 20x | as long as short |
| Vest SPY-USD-PERP | −0.039% | +0.0046% | 1h | — | $100K | 50x | as long as short |
| KuCoin SPYUSDTM | −0.030% | +0.0100% | 8h | $2.5M | $1.1M | 20x | as long as short |
| Phoenix SPY | −0.019% | −0.0404% | 1h | $161K | $295K | 20x | as long as short |
| Arcus SPY-USD | −0.018% | +0.0040% | 1h | $950K | $1.3M | 50x | as long as short |
| Aevo SPY-PERP | −0.008% | +0.0104% | 1h | $87K | — | 10x | as long as short |
| Gate SPY_USDT | −0.001% | 0.0000% | 8h | $739K | $2.0M | 75x | as long as short |
| Coinbase International SPY-PERP-INTXlong | 0.000% | +0.0104% | 1h | $934K | $614K | 20x | |
| BloFin SPY-USDT | +0.006% | −0.0120% | 8h | $430K | $716K | 50x | as long as short |
| Nado SPY-PERP | +0.008% | −0.0025% | 1h | $1.6M | $270K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | +0.014% | +0.0100% | 1h | $154K | $32K | 50x | as long as short |
| edgeX SPYUSDC | +0.033% | +0.0978% | 4h | $640K | $240K | 20x | as long as short |
| Aster SPYUSDT | +0.038% | 0.0000% | 8h | $864K | $274K | 20x | as long as short |
| OKX SPY-USDT-SWAP | +0.041% | 0.0000% | 8h | $8.1M | $3.3M | 50x | as long as short |
| Bybit SPYUSDT | +0.043% | 0.0000% | 8h | $6.2M | $2.2M | 100x | as long as short |
| Bitget SPYUSDT | +0.048% | +0.0089% | 8h | $10.9M | $3.1M | 50x | as long as short |
| MEXC SPY_USDT | +0.049% | 0.0000% | 8h | $18.9M | $11.6M | 100x | as long as short |
| Binance SPYUSDT | +0.050% | 0.0000% | 8h | $29.0M | $82.9M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.052% | 0.0000% | 1h | $22K | $74K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | +0.052% | L +0.0327% / S −0.2140% | 1h | $24K | — | 53x | as long as short |
| RISEx SPY/USDC | +0.055% | 0.0000% | 1h | $7.0M | $5.7M | 25x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.056% | +0.0100% | 8h | $1K | — | 20x | as long as short |
| Lighter SPY | +0.062% | +0.0032% | 1h | $9.0M | $21.3M | 50x | as long as short |
| HTX SPY-USDT | +0.063% | 0.0000% | 8h | $308K | $23K | 50x | as long as short |
| Lighter RH SPYshort | +0.120% | +0.0032% | 1h | $57.1M | $124.1M | 50x | |
| SunX SPY-USDT | +0.191% | 0.0000% | 8h | $2K | $1.6M | 10x | as long as short |