Funding you earn now, next payment 00:00 UTC−0.0818%/8h= −89.5% APRpaid last 24h +0.095%
Price spread now: Lighter RH against edgeX+0.023%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs+$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 7 days+0.943%+$94 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.023%, 7d avg +0.025%
=Together, before fees+0.983%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$98 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.943%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SPYUSDC | 774.47 | 0.0850 | pay 0.0425% / 4h | 12m 53s | $640K | $242K | 20x |
| Short | Lighter RH SPY | 774.65 | 0.0032 | get 0.0004% / 1h | 12m 53s | $56.9M | $120.1M | 50x |
edgeX SPYUSDC
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against edgeX. 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
- −$171.72
- Price spread: +0.023% → +0.025%
- −$0.19
- Slippage, 4 orders
- −$11.43
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$192.34
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 66 min ago; Lighter RH: live order book, 6 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 edgeX live order book, 66 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 0.19 bp | 0.4 bp $0 | 0.8 bp −$8 | 11.3 bp −$1,128 | 312.7 bp −$156.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.51 | −0.125% | $941K | $1.4M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.59 | +0.015% | $412K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.88 | −0.077% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.37 | −0.013% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.59 | +0.015% | $28.6M | $82.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.44 | −0.004% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.53 | +0.007% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.89 | −0.075% | $758K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.58 | +0.014% | $28.0M | $11.9M | 100x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.152% | $2K | $1.5M | 10x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.84 | +0.047% | $308K | $20K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0012% | 8h | 774.59 | +0.015% | $157K | $411K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.33 | −0.019% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPYshort | +0.0032% | 1h | 774.65 | +0.023% | $56.9M | $120.1M | 50x | |
| Bitget SPYUSDT | +0.0038% | 8h | 774.68 | +0.027% | $11.0M | $2.5M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.167% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.12 | −0.046% | $23K | $58K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.118% | $955K | $583K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.74 | −0.095% | $4.8M | $848K | 20x | as long as short |
| Nado SPY-PERP | +0.0087% | 1h | 773.96 | −0.066% | $1.5M | $293K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.01 | −0.060% | $2.5M | $962K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.98 | −0.064% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.49 | +0.002% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.02 | −0.059% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.64 | +0.022% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.59 | +0.014% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0850% | 4h | 774.47 | long leg | $640K | $242K | 20x |
HTX SPY-USDT
GRVT SPY_USDT_Perp
Lighter SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]