Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.055%
Price spread now: Lighter against Gate+0.056%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 7 days−0.214%−$21 · spread now +0.056%, 7d avg −0.065%
=Together, before fees−0.102%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.121% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.73 | 0 | get 0.0000% / 8h | 4h 12m | $775K | $2.4M | 75x |
| Short | Lighter SPY | 774.16 | 0.0080 | get 0.0010% / 1h | 12m 35s | $8.3M | $19.7M | 50x |
Gate SPY_USDT
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $16.8
- Price spread: +0.056% → −0.065%
- $12.11
- Slippage, 4 orders
- −$9.8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.1
- Costs to cover
- 0.248%
- Break-even
- 5.3 days
Slippage from Gate: live order book, 5 min ago; Lighter: 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 Gate live order book, 5 min ago | 2.26 bp | 10.3 bp −$10 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.06 bp | 0.1 bp $0 | 2.2 bp −$22 | 22.3 bp −$2,227 | 41.9 bp −$21.0K |
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 | −0.0118% | 8h | 774.25 | +0.067% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0039% | 1h | 773.20 | −0.068% | $162K | $24K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | +0.068% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.25 | +0.067% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.73 | long leg | $775K | $2.4M | 75x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.087% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.081% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.62 | −0.014% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.25 | +0.196% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.88 | +0.019% | $23K | $56K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.66 | +0.120% | $308K | $20K | 50x | as long as short |
| Binance SPYUSDT | +0.0002% | 8h | 774.23 | +0.065% | $28.2M | $79.9M | 50x | as long as short |
| MEXC SPY_USDT | +0.0002% | 8h | 774.23 | +0.065% | $26.5M | $12.1M | 100x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.61 | −0.016% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.02 | −0.092% | — | $123K | 50x | as long as short |
| Aster SPYUSDT | +0.0048% | 8h | 774.30 | +0.073% | $865K | $196K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | −0.019% | $4.8M | $829K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.53 | +0.103% | $56.5M | $115.4M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.041% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0073% | 1h | 773.86 | +0.017% | $1.5M | $280K | 20x | as long as short |
| Lighter SPYshort | +0.0080% | 1h | 774.16 | +0.056% | $8.3M | $19.7M | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.80 | +0.009% | $2.5M | $978K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.18 | +0.058% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.69 | −0.006% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.34 | +0.079% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.24 | +0.065% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0684% | 4h | 774.17 | +0.057% | $640K | $243K | 20x | as long as short |
HTX SPY-USDT
Binance SPYUSDT
MEXC SPY_USDT
Arcus SPY-USD
Vest SPY-USD-PERP
Aster SPYUSDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC