Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter RH against Ondo Perps+0.127%7-day average +0.162% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 7 days+0.081%+$8 · spread now +0.127%, 7d avg +0.162%
=Together, before fees+0.243%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.035% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.127% now, against its 7-day average of +0.162%). If the spread goes back, that is −$4 on $10k: about 8.7 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.161% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.58 | 0.0050 | pay 0.0006% / 1h | 9m 47s | $4.8M | $828K | 20x |
| Short | Lighter RH SPY | 774.56 | 0.0064 | get 0.0008% / 1h | 9m 47s | $56.5M | $115.6M | 50x |
Ondo Perps SPY-USD.P
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $2.86
- Price spread: +0.127% → +0.162%
- −$3.55
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$5.69
- Costs to cover
- 0.050%
- Break-even
- 20.9 days
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 4 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 RH live order book, 4 min ago | 0.32 bp | 0.3 bp $0 | 0.7 bp −$7 | 12.2 bp −$1,218 | doesn't fit |
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 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 | −0.0118% | 8h | 774.23 | +0.084% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0039% | 1h | 773.20 | −0.049% | $162K | $24K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | +0.088% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.21 | +0.081% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.73 | +0.019% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.106% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.100% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.62 | +0.005% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.25 | +0.216% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.87 | +0.037% | $23K | $56K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.120% | $308K | $20K | 50x | as long as short |
| Binance SPYUSDT | +0.0001% | 8h | 774.21 | +0.082% | $28.2M | $79.9M | 50x | as long as short |
| MEXC SPY_USDT | +0.0001% | 8h | 774.21 | +0.081% | $26.5M | $12.1M | 100x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.60 | +0.003% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.06 | −0.067% | — | $123K | 50x | as long as short |
| Aster SPYUSDT | +0.0046% | 8h | 774.32 | +0.095% | $865K | $196K | 20x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.58 | long leg | $4.8M | $828K | 20x | |
| Lighter RH SPYshort | +0.0064% | 1h | 774.56 | +0.127% | $56.5M | $115.6M | 50x | |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.061% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0074% | 1h | 773.86 | +0.036% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.19 | +0.079% | $8.3M | $19.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.88 | +0.039% | $2.5M | $974K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.26 | +0.088% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.71 | +0.017% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.35 | +0.099% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.24 | +0.085% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0684% | 4h | 774.17 | +0.077% | $640K | $243K | 20x | as long as short |
HTX SPY-USDT
Binance SPYUSDT
MEXC SPY_USDT
Arcus SPY-USD
Vest SPY-USD-PERP
Aster SPYUSDT
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