Spread before costs (cost unknown: a leg has no order-book sample)−0.009%
7d average—if it closes, per $10,000$1funding while held, a day+$4.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPY_USDC_mythos | 767.33 | 0.0100 | pay 0.0100% / 8h | 2h 28m | $1K | — | 20x |
| Short | Lighter SPY | 767.26 | 0.0240 | get 0.0030% / 1h | 28m 39s | $10.8M | $13.0M | 50x |
Orderly PERP_SPY_USDC_mythos
Lighter SPYPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.91
- Funding while held
- $4.2
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$2.71
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0140%
- Per $10,000 a day
- +$4.20
- Average in range /8h
- —
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 0.52 bp | 1.2 bp −$1 | 3.1 bp −$31 | 16.1 bp −$1,608 | 35.5 bp −$17.7K |
Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps766.13cheapestPhoenix766.17+0.005%ApeX Omni766.31+0.023%Coinbase International766.48+0.046%Arcus766.50+0.048%Nado766.55+0.055%Vest766.69+0.073%KuCoin766.80+0.087%Aevo766.87+0.096%edgeX766.94+0.106%Gate766.98+0.111%Deribit767.03+0.117%Aster767.20+0.140%
Ondo Perps
Phoenix
ApeX Omni
Coinbase International
Arcus
Nado
Vest
KuCoin
Aevo
Gate
Deribit
AsterLighter767.26+0.147%
RISEx767.29+0.151%Binance767.32+0.155%Bitget767.32+0.155%BloFin767.32+0.155%
RISEx
Binance
Bitget
BloFinOrderly767.33+0.157%
MEXC767.34+0.158%HTX767.37+0.162%GMX767.38+0.164%Lighter RH767.40+0.166%Bybit767.42+0.168%OKX767.44+0.171%SunX768.50+0.309%
MEXC
HTX
GMX
Lighter RH
Bybit
OKX
SunXSPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps SPY-USD.P | −0.156% | +0.0050% | 1h | $4.7M | $247K | 20x | as long as short |
| Phoenix SPY | −0.151% | −0.0084% | 1h | $191K | $229K | 20x | as long as short |
| ApeX Omni SPYUSDT | −0.133% | +0.0100% | 1h | $154K | $31K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | −0.111% | +0.0208% | 1h | $959K | $549K | 20x | as long as short |
| Arcus SPY-USD | −0.108% | +0.0083% | 1h | $1.1M | $716K | 50x | as long as short |
| Nado SPY-PERP | −0.102% | +0.0108% | 1h | $1.5M | $342K | 20x | as long as short |
| Vest SPY-USD-PERP | −0.083% | +0.0046% | 1h | — | $61K | 50x | as long as short |
| KuCoin SPYUSDTM | −0.069% | +0.0100% | 8h | $2.4M | $1.2M | 20x | as long as short |
| Aevo SPY-PERP | −0.060% | +0.0104% | 1h | $86K | — | 10x | as long as short |
| edgeX SPYUSDC | −0.050% | −0.0611% | 4h | $639K | $217K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate SPY_USDT | −0.046% | 0.0000% | 8h | $876K | $679K | 75x | as long as short |
| Deribit SPY_USDC-PERPETUAL | −0.039% | +0.0207% | 1h | $17K | $49K | 20x | as long as short |
| Aster SPYUSDT | −0.017% | +0.0188% | 8h | $858K | $143K | 20x | as long as short |
| Lighter SPYshort | −0.009% | +0.0240% | 1h | $10.8M | $13.0M | 50x | |
| RISEx SPY/USDC | −0.005% | +0.0062% | 1h | $6.9M | $5.2M | 25x | as long as short |
| Binance SPYUSDT | −0.001% | +0.0183% | 8h | $33.8M | $51.1M | 50x | as long as short |
| Bitget SPYUSDT | −0.001% | +0.0242% | 8h | $11.1M | $2.3M | 50x | as long as short |
| BloFin SPY-USDT | −0.001% | +0.0062% | 8h | $447K | $543K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythoslong | 0.000% | +0.0100% | 8h | $1K | — | 20x | |
| MEXC SPY_USDT | +0.001% | +0.0182% | 8h | $19.7M | $13.2M | 100x | as long as short |
| HTX SPY-USDT | +0.005% | 0.0000% | 8h | $306K | $23K | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | +0.007% | L +0.0307% / S −0.0724% | 1h | $5K | — | 26x | as long as short |
| Lighter RH SPY | +0.009% | +0.0048% | 1h | $57.3M | $107.0M | 50x | as long as short |
| Bybit SPYUSDT | +0.012% | 0.0000% | 8h | $6.3M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | +0.014% | +0.0127% | 8h | $8.4M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | +0.152% | 0.0000% | 8h | $2K | $1.2M | 10x | as long as short |