SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.018%

Price spread now: Aevo against Lighter RH−0.107%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.107% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 4.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPY	774.10	0.0032	pay 0.0004% / 1h	16m 11s	$56.9M	$117.7M	50x
Short	Aevo SPY-PERP	773.27	0.0104	get 0.0013% / 1h	16m 11s	$87K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee AevobpOrdersPrice spread, now −0.107%Rate

Funding earned: $15.12
Price spread: −0.107% → 0.000%: −$10.66
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.54
Costs to cover: 0.160%
Break-even: 12.3 days

Slippage unknown: Lighter RH: live order book, 6 min ago; Aevo: no order-book sample. Net counts fees only.

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 RH live order book, 6 min ago	0.06 bp	0.1 bp $0	0.7 bp −$7	7.5 bp −$751	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 on 27 exchanges

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	773.81	−0.037%	$416K	$413K	50x	as long as short
Aster SPYUSDT	0.0000%	8h	773.64	−0.059%	$861K	$200K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	773.96	−0.018%	$28.5M	$75.5M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	773.78	−0.041%	$6.2M	$1.5M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	773.98	−0.016%	$7.8M	$3.0M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.46	−0.083%	$793K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	773.96	−0.018%	$19.1M	$12.2M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	773.78	−0.041%	$11.0M	$1.5M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	773.80	−0.039%	$167K	$332K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.08	+0.127%	$2K	$1.2M	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SPY-USDT	0.0000%	8h	774.08	−0.003%	$300K	$38K	50x	as long as short
Nado SPY-PERP	+0.0008%	1h	773.54	−0.073%	$1.5M	$265K	20x	as long as short
Phoenix SPY	+0.0010%	1h	773.14	−0.124%	$158K	$150K	20x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0022%	1h	773.68	−0.054%	$23K	$39K	20x	as long as short
Lighter SPY	+0.0032%	1h	773.78	−0.041%	$7.8M	$17.1M	50x	as long as short
Lighter RH SPYlong	+0.0032%	1h	774.10	long leg	$56.9M	$117.7M	50x
Arcus SPY-USD	+0.0040%	1h	772.91	−0.154%	$975K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	772.82	−0.165%	—	$85K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	772.80	−0.168%	$4.8M	$845K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0064%	1h	773.37	−0.094%	$951K	$199K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.28	−0.106%	$2.5M	$1.0M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.29	−0.105%	$164K	$24K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	773.87	−0.030%	$1K	—	20x	as long as short
Aevo SPY-PERPshort	+0.0104%	1h	773.27	−0.107%	$87K	—	10x
RISEx SPY/USDC	+0.0114%	1h	773.82	−0.036%	$7.1M	$3.4M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	773.96	−0.019%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0934%	4h	773.52	−0.075%	$639K	$243K	20x	as long as short