Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.012%
Price spread now: ApeX Omni against Lighter RH−0.199%108s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.266% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.199%, 7d avg −0.040%
=Together, before fees+0.161%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.159% cheaper against Lighter RH than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SPY | 774.52 | 0.0064 | pay 0.0008% / 1h | 7m 49s | $56.4M | $115.7M | 50x |
| Short | ApeX Omni SPYUSDT | 772.98 | −0.0032 | pay 0.0004% / 1h | 7m 49s | $162K | $24K | 50x |
Lighter RH SPY
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.14
- Price spread: −0.199% → −0.040%
- −$15.9
- Slippage, 4 orders
- −$16.64
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$62.68
- Costs to cover
- 0.266%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; ApeX Omni: live order book, 48 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 Lighter RH live order book, 6 min ago | 0.32 bp | 0.5 bp $0 | 1.2 bp −$12 | 9.0 bp −$895 | doesn't fit |
| Sell ApeX Omni live order book, 48 min ago | 4.01 bp | 16.7 bp −$17 | 93.8 bp −$938 | doesn't fit | doesn't fit |
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 | −0.0119% | 8h | 774.22 | −0.039% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDTshort | −0.0032% | 1h | 772.98 | −0.199% | $162K | $24K | 50x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.23 | −0.037% | $28.2M | $79.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | −0.034% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.21 | −0.040% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.71 | −0.105% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.24 | −0.036% | $26.8M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | −0.015% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.37 | −0.019% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.62 | −0.116% | $161K | $295K | 20x | as long as short |
BloFin SPY-USDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPYShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.25 | +0.094% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.84 | −0.088% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | −0.001% | $308K | $20K | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.59 | −0.120% | $935K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | +0.0045% | 8h | 774.30 | −0.029% | $865K | $196K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.06 | −0.189% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.43 | −0.141% | $4.8M | $828K | 20x | as long as short |
| Lighter RH SPYlong | +0.0064% | 1h | 774.52 | long leg | $56.4M | $115.7M | 50x | |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.061% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0075% | 1h | 773.91 | −0.079% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.27 | −0.032% | $8.2M | $19.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.91 | −0.079% | $2.5M | $973K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.26 | −0.034% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | −0.113% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.34 | −0.023% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.24 | −0.037% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0333% | 4h | 774.09 | −0.055% | $640K | $241K | 20x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC