Spread before costs (cost unknown: a leg has no order-book sample)−0.001%
7d average—if it closes, per $10,000$0funding while held, a day+$2.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPY | 770.56 | 0.0032 | pay 0.0004% / 1h | 26m 44s | $9.5M | $18.2M | 50x |
| Short | Orderly PERP_SPY_USDC_mythos | 770.55 | 0.0100 | get 0.0100% / 8h | 26m 44s | $1K | — | 20x |
Lighter SPY
Orderly PERP_SPY_USDC_mythosPrice 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
- −$0.13
- Funding while held
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$4.09
- Spread needed to break even
- 0.060%
Slippage unknown: Lighter: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0068%
- Per $10,000 a day
- +$2.04
- 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 Lighter live order book, 3 min ago | 0.71 bp | 1.0 bp −$1 | 3.2 bp −$32 | 13.1 bp −$1,314 | 27.5 bp −$13.7K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SPY price on every exchange
against the cheapest. Click to use as the short leg.Phoenix769.65cheapestOndo Perps769.72+0.009%KuCoin769.89+0.031%Vest769.91+0.034%Nado770.04+0.050%ApeX Omni770.08+0.056%Aevo770.13+0.063%Gate770.17+0.068%Arcus770.19+0.070%Coinbase International770.33+0.088%Bybit770.37+0.094%edgeX770.39+0.097%Deribit770.46+0.105%Aster770.48+0.108%Bitget770.53+0.114%GMX770.54+0.116%MEXC770.55+0.117%
Phoenix
Ondo Perps
KuCoin
Vest
Nado
ApeX Omni
Aevo
Gate
Arcus
Coinbase International
Bybit
Deribit
Aster
Bitget
GMX
MEXCOrderly770.55+0.117%
Lighter770.56+0.118%
Binance770.57+0.120%BloFin770.57+0.120%OKX770.59+0.122%HTX770.70+0.136%Lighter RH770.77+0.146%RISEx770.79+0.148%SunX771.69+0.265%
Binance
BloFin
OKX
HTX
Lighter RH
RISEx
SunXSPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.118% | −0.0375% | 1h | $157K | $264K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.109% | +0.0050% | 1h | $4.8M | $414K | 20x | as long as short |
| KuCoin SPYUSDTM | −0.087% | +0.0100% | 8h | $2.4M | $1.2M | 20x | as long as short |
| Vest SPY-USD-PERP | −0.084% | +0.0046% | 1h | — | $61K | 50x | as long as short |
| Nado SPY-PERP | −0.068% | +0.0035% | 1h | $1.6M | $368K | 20x | as long as short |
| ApeX Omni SPYUSDT | −0.062% | +0.0100% | 1h | $154K | $31K | 50x | as long as short |
| Aevo SPY-PERP | −0.055% | +0.0104% | 1h | $86K | — | 10x | as long as short |
| Gate SPY_USDT | −0.051% | 0.0000% | 8h | $814K | $1.4M | 75x | as long as short |
| Arcus SPY-USD | −0.048% | +0.0040% | 1h | $1.0M | $1.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | −0.030% | +0.0192% | 1h | $953K | $565K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit SPYUSDT | −0.025% | 0.0000% | 8h | $6.2M | $1.8M | 100x | as long as short |
| edgeX SPYUSDC | −0.022% | +0.0058% | 4h | $642K | $235K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | −0.013% | +0.0166% | 1h | $18K | $57K | 20x | as long as short |
| Aster SPYUSDT | −0.010% | +0.0167% | 8h | $863K | $164K | 20x | as long as short |
| Bitget SPYUSDT | −0.004% | +0.0238% | 8h | $11.1M | $2.8M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | −0.002% | L +0.0462% / S −0.4251% | 1h | $24K | — | 53x | as long as short |
| MEXC SPY_USDT | −0.001% | +0.0143% | 8h | $23.4M | $10.5M | 100x | as long as short |
| Orderly PERP_SPY_USDC_mythosshort | −0.001% | +0.0100% | 8h | $1K | — | 20x | |
| Lighter SPYlong | 0.000% | +0.0032% | 1h | $9.5M | $18.2M | 50x | |
| Binance SPYUSDT | +0.001% | +0.0143% | 8h | $32.9M | $61.3M | 50x | as long as short |
| BloFin SPY-USDT | +0.001% | +0.0023% | 8h | $442K | $668K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.004% | +0.0099% | 8h | $8.2M | $2.7M | 50x | as long as short |
| HTX SPY-USDT | +0.018% | 0.0000% | 8h | $307K | $23K | 50x | as long as short |
| Lighter RH SPY | +0.027% | +0.0032% | 1h | $57.6M | $117.1M | 50x | as long as short |
| RISEx SPY/USDC | +0.030% | +0.0258% | 1h | $6.9M | $5.6M | 25x | as long as short |
| SunX SPY-USDT | +0.147% | 0.0000% | 8h | $2K | $1.4M | 10x | as long as short |