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+$10
spread now+0.016%7d average−0.102%fees + slippage, in and out−$2spread needed0.020%
Long on MEXCShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SPY_USDT767.410.0153pay 0.0153% / 8h3h 29m$19.7M$14.4M100x
ShortLighter SPY767.530.0344get 0.0043% / 1h29m 35s$10.9M$12.9M50x

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
$1.56
Funding while held
$5.73
Slippage, 4 orders
−$2.04
Fee MEXC: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
$5.26
Spread needed to break even
0.020%
Slippage from MEXC: live order book, 1 min ago; Lighter: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0191%
Per $10,000 a day
+$5.73
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 MEXC live order book, 1 min ago0.06 bp0.1 bp $00.1 bp −$10.1 bp −$60.5 bp −$247
Sell Lighter live order book, 5 min ago0.52 bp0.8 bp −$12.8 bp −$2819.2 bp −$1,91938.8 bp −$19.4K

SPY price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix766.50cheapestOndo Perps766.53+0.004%Vest766.60+0.013%Arcus766.73+0.030%ApeX Omni766.77+0.035%Nado766.80+0.039%Aevo766.85+0.046%KuCoin767.02+0.068%Deribit767.07+0.074%Gate767.13+0.082%Orderly767.28+0.102%edgeX767.31+0.106%Bybit767.34+0.110%Aster767.35+0.111%RISEx767.35+0.111%Binance767.41+0.119%
MEXC767.41+0.119%
GMX767.41+0.119%BloFin767.42+0.120%OKX767.46+0.125%Lighter RH767.47+0.127%Coinbase International767.47+0.127%Bitget767.48+0.128%
Lighter767.53+0.134%
HTX767.63+0.147%SunX768.49+0.260%

SPY on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.119%−0.0240%1h$191K$229K20xas long as short
Ondo Perps SPY-USD.P−0.115%+0.0050%1h$4.7M$245K20xas long as short
Vest SPY-USD-PERP−0.106%+0.0046%1h—$61K50xas long as short
Arcus SPY-USD−0.089%+0.0040%1h$1.1M$735K50xas long as short
ApeX Omni SPYUSDT−0.083%+0.0100%1h$154K$31K50xas long as short
Nado SPY-PERP−0.080%+0.0127%1h$1.5M$349K20xas long as short
Aevo SPY-PERP−0.072%+0.0104%1h$86K—10xas long as short
KuCoin SPYUSDTM−0.051%+0.0100%8h$2.4M$1.3M20xas long as short
Deribit SPY_USDC-PERPETUAL−0.044%+0.0259%1h$17K$46K20xas long as short
Gate SPY_USDT−0.036%0.0000%8h$874K$608K75xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_SPY_USDC_mythos−0.017%+0.0100%8h$1K—20xas long as short
edgeX SPYUSDC−0.013%−0.0813%4h$639K$217K20xas long as short
Bybit SPYUSDT−0.009%0.0000%8h$6.4M$1.4M100xas long as short
Aster SPYUSDT−0.008%+0.0177%8h$864K$138K20xas long as short
RISEx SPY/USDC−0.008%+0.0211%1h$6.9M$4.7M25xas long as short
Binance SPYUSDT0.000%+0.0154%8h$34.1M$49.2M50xas long as short
MEXC SPY_USDTlong0.000%+0.0153%8h$19.7M$14.4M100x
GMX SPY/USD [ETH-USDC]+0.001%L +0.0307% / S −0.0724%1h$5K—26xas long as short
BloFin SPY-USDT+0.001%+0.0034%8h$446K$519K50xas long as short
OKX SPY-USDT-SWAP+0.007%+0.0081%8h$8.3M$2.1M50xas long as short
Lighter RH SPY+0.008%+0.0056%1h$58.4M$104.1M50xas long as short
Coinbase International SPY-PERP-INTX+0.008%+0.0152%1h$964K$538K20xas long as short
Bitget SPYUSDT+0.009%+0.0164%8h$11.1M$2.3M50xas long as short
Lighter SPYshort+0.016%+0.0344%1h$10.9M$12.9M50x
HTX SPY-USDT+0.029%0.0000%8h$306K$23K50xas long as short
SunX SPY-USDT+0.141%0.0000%8h$2K$1.1M10xas long as short