Funding you earn now, next payment 06:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h +0.042%
Price spread now: RISEx against Lighter RH−0.025%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$70.075% of the position
Funding, last 4 days (all we have)+0.056%+$6 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.025%, 7d avg −0.009%
=Together, before fees+0.072%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.056%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SPY | 774.93 | 0.0048 | pay 0.0006% / 1h | 7m 26s | $56.3M | $120.0M | 50x |
| Short | RISEx SPY/USDC | 774.74 | 0.0007 | get 0.0001% / 1h | 7m 26s | $7.0M | $4.5M | 25x |
Lighter RH SPY
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$8.61
- Price spread: −0.025% → −0.009%
- −$1.6
- Slippage, 4 orders
- −$1.46
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$17.67
- Costs to cover
- 0.075%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; RISEx: live order book, 2 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, 2 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 2.7 bp −$266 | doesn't fit |
| Sell RISEx live order book, 2 min ago | 0.06 bp | 3.1 bp −$3 | 3.3 bp −$33 | 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 | −0.0120% | 8h | 774.09 | −0.108% | $416K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 774.03 | −0.116% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0057% | 1h | 774.31 | −0.080% | $1.6M | $262K | 20x | as long as short |
| ApeX Omni SPYUSDT | −0.0020% | 1h | 773.35 | −0.204% | $164K | $25K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.37 | −0.072% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.56 | −0.048% | $28.5M | $79.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.55 | −0.049% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.52 | −0.053% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.08 | −0.110% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.53 | −0.052% | $29.7M | $12.5M | 100x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
ApeX Omni SPYUSDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.74 | −0.025% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.59 | −0.044% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.67 | +0.095% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.97 | +0.005% | $300K | $38K | 50x | as long as short |
| RISEx SPY/USDCshort | +0.0007% | 1h | 774.74 | −0.025% | $7.0M | $4.5M | 25x | |
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 774.44 | −0.063% | $23K | $56K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0022% | 1h | 773.49 | −0.186% | $4.7M | $832K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.67 | −0.163% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.57 | −0.175% | — | $123K | 50x | as long as short |
| Lighter RH SPYlong | +0.0048% | 1h | 774.93 | long leg | $56.3M | $120.0M | 50x | |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.77 | −0.150% | $950K | $558K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.73 | −0.155% | $2.5M | $978K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.41 | −0.067% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.95 | −0.126% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 774.67 | −0.034% | $8.2M | $19.4M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.55 | −0.048% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0725% | 4h | 774.44 | −0.063% | $640K | $241K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC