Funding you earn now, next payment 12:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.013%
Price spread now: Lighter against Ondo Perps+0.101%7-day average +0.080% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now +0.101%, 7d avg +0.080%
=Together, before fees+0.154%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.021% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.080%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.138%, 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 | Ondo Perps SPY-USD.P | 773.59 | 0.0050 | pay 0.0006% / 1h | 53m 29s | $4.8M | $835K | 20x |
| Short | Lighter SPY | 774.37 | 0.0032 | get 0.0004% / 1h | 53m 29s | $7.8M | $16.1M | 50x |
Ondo Perps SPY-USD.P
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- −$3.86
- Price spread: +0.101% → +0.080%
- $2.09
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.77
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 8 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 8 min ago | 0.32 bp | 1.1 bp −$1 | 3.3 bp −$33 | 18.8 bp −$1,875 | 36.3 bp −$18.2K |
Ondo Perps: 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 | 774.61 | +0.132% | $420K | $371K | 50x | as long as short |
| Arcus SPY-USD | −0.0042% | 1h | 773.76 | +0.022% | $1.0M | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.43 | +0.109% | $863K | $207K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.51 | +0.118% | $28.5M | $73.2M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.59 | +0.129% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.60 | +0.131% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.40 | +0.105% | $7.1M | $3.1M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.31 | +0.093% | $789K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.56 | +0.125% | $29.5M | $13.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.69 | +0.142% | $11.1M | $1.5M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.91 | +0.171% | $165K | $335K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.78 | +0.283% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.34 | +0.097% | $23K | $38K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.65 | +0.137% | $300K | $25K | 50x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 773.97 | +0.049% | $158K | $74K | 20x | as long as short |
| Lighter SPYshort | +0.0032% | 1h | 774.37 | +0.101% | $7.8M | $16.1M | 50x | |
| Lighter RH SPY | +0.0032% | 1h | 774.68 | +0.141% | $57.2M | $114.6M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0040% | 1h | 774.26 | +0.087% | $952K | $172K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.46 | −0.017% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.59 | long leg | $4.8M | $835K | 20x | |
| Nado SPY-PERP | +0.0062% | 1h | 774.21 | +0.080% | $1.5M | $277K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.06 | +0.061% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.16 | +0.074% | $226K | $54K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.40 | +0.105% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.02 | +0.056% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0190% | 4h | 774.39 | +0.103% | $640K | $242K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.67 | +0.140% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Phoenix SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Vest SPY-USD-PERP
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]