Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.013%
Price spread now: Lighter RH against SunX−0.112%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$235as in the Price arb table
costs, in and out, $10k−$2372.370% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.112%, 7d avg −0.131%
=Together, before fees+0.029%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.131%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.17 | 0 | get 0.0000% / 8h | 6h 56m | $2K | $1.3M | 10x |
| Short | Lighter RH SPY | 774.30 | 0.0032 | get 0.0004% / 1h | 56m 22s | $56.8M | $115.1M | 50x |
SunX SPY-USDT
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against SunX. 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
- $6.72
- Price spread: −0.112% → −0.131%
- $1.88
- Slippage, 4 orders
- −$229.02
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$228.42
- Costs to cover
- 2.370%
- Break-even
- 244.9 days
Slippage from SunX: live order book, 7 min ago; Lighter RH: live order book, 3 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 SunX live order book, 7 min ago | 29.08 bp | 107.6 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.26 bp | 0.4 bp $0 | 1.7 bp −$17 | 8.7 bp −$868 | 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 | 774.10 | −0.138% | $414K | $411K | 50x | as long as short |
| Nado SPY-PERP | −0.0048% | 1h | 773.81 | −0.176% | $1.5M | $251K | 20x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.63 | −0.199% | $158K | $150K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.79 | −0.178% | $862K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.05 | −0.144% | $28.6M | $76.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.04 | −0.146% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.06 | −0.143% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.67 | −0.194% | $792K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.05 | −0.144% | $19.1M | $12.1M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.29 | −0.114% | $11.0M | $1.5M | 50x | as long as short |
BloFin SPY-USDT
Nado SPY-PERP
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDTlong | 0.0000% | 8h | 775.17 | long leg | $2K | $1.3M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.78 | −0.179% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.31 | −0.111% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.95 | −0.157% | $7.9M | $17.1M | 50x | as long as short |
| Lighter RH SPYshort | +0.0032% | 1h | 774.30 | −0.112% | $56.8M | $115.1M | 50x | |
| Arcus SPY-USD | +0.0040% | 1h | 773.28 | −0.244% | $968K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.02 | −0.277% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.14 | −0.262% | $4.8M | $850K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 772.60 | −0.332% | $951K | $505K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0097% | 8h | 774.16 | −0.130% | $161K | $341K | 10x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.47 | −0.219% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.09 | −0.268% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.97 | −0.155% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.38 | −0.230% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 774.23 | −0.121% | $7.2M | $3.5M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.04 | −0.145% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0472% | 4h | 774.04 | −0.146% | $640K | $242K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
GRVT SPY_USDT_Perp
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC