data as of
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Price arb /

SPY

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$27
spread now−0.113%7d average−0.054%fees + slippage, in and out−$21spread needed0.211%
Long on Lighter RHShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SPY771.000.0032pay 0.0004% / 1h21m 09s$57.1M$118.7M50x
ShortKuCoin SPYUSDTM770.130.0100get 0.0100% / 8h21m 09s$2.4M$1.2M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$11.28
Funding while held
$2.04
Slippage, 4 orders
−$9.07
Fee Lighter RH: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$30.31
Spread needed to break even
0.211%
Slippage from Lighter RH: live order book, 4 min ago; KuCoin: live order book, 2 min ago.

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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago0.06 bp0.5 bp −$11.1 bp −$112.9 bp −$28617.0 bp −$8,494
Sell KuCoin live order book, 2 min ago0.65 bp7.9 bp −$897.7 bp −$977doesn't fitdoesn't fit

SPY price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix769.74cheapestOndo Perps769.84+0.013%
KuCoin770.13+0.051%
ApeX Omni770.14+0.052%Vest770.22+0.062%Nado770.24+0.064%Coinbase International770.28+0.070%Arcus770.36+0.081%Gate770.40+0.086%Aevo770.40+0.086%edgeX770.50+0.099%Bybit770.66+0.120%Deribit770.66+0.120%Orderly770.70+0.125%HTX770.72+0.127%Aster770.74+0.130%OKX770.74+0.130%MEXC770.75+0.131%Binance770.76+0.133%Bitget770.78+0.135%GMX770.78+0.136%BloFin770.79+0.136%Lighter770.91+0.152%
Lighter RH771.00+0.164%
RISEx771.04+0.169%SunX771.93+0.285%

SPY on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.163%−0.0375%1h$157K$264K20xas long as short
Ondo Perps SPY-USD.P−0.150%+0.0050%1h$4.8M$415K20xas long as short
KuCoin SPYUSDTMshort−0.113%+0.0100%8h$2.4M$1.2M20x
ApeX Omni SPYUSDT−0.112%+0.0100%1h$154K$31K50xas long as short
Vest SPY-USD-PERP−0.101%+0.0046%1h—$61K50xas long as short
Nado SPY-PERP−0.099%+0.0036%1h$1.6M$368K20xas long as short
Coinbase International SPY-PERP-INTX−0.093%+0.0192%1h$953K$565K20xas long as short
Arcus SPY-USD−0.083%+0.0040%1h$1.0M$1.0M50xas long as short
Gate SPY_USDT−0.078%0.0000%8h$809K$1.4M75xas long as short
Aevo SPY-PERP−0.078%+0.0104%1h$87K—10xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX SPYUSDC−0.065%+0.0927%4h$642K$234K20xas long as short
Bybit SPYUSDT−0.044%0.0000%8h$6.2M$1.8M100xas long as short
Deribit SPY_USDC-PERPETUAL−0.044%+0.0075%1h$18K$58K20xas long as short
Orderly PERP_SPY_USDC_mythos−0.039%+0.0100%8h$1K—20xas long as short
HTX SPY-USDT−0.036%0.0000%8h$307K$23K50xas long as short
Aster SPYUSDT−0.034%+0.0165%8h$863K$166K20xas long as short
OKX SPY-USDT-SWAP−0.034%+0.0099%8h$8.2M$2.7M50xas long as short
MEXC SPY_USDT−0.032%+0.0142%8h$23.9M$10.6M100xas long as short
Binance SPYUSDT−0.031%+0.0142%8h$32.7M$61.9M50xas long as short
Bitget SPYUSDT−0.029%+0.0234%8h$11.1M$2.8M50xas long as short
GMX SPY/USD [ETH-USDC]−0.028%L +0.0462% / S −0.4251%1h$24K—53xas long as short
BloFin SPY-USDT−0.027%+0.0022%8h$442K$668K50xas long as short
Lighter SPY−0.012%+0.0032%1h$9.5M$18.3M50xas long as short
Lighter RH SPYlong0.000%+0.0032%1h$57.1M$118.7M50x
RISEx SPY/USDC+0.005%+0.0258%1h$6.9M$5.6M25xas long as short
SunX SPY-USDT+0.121%0.0000%8h$2K$1.4M10xas long as short