> ## Documentation Index
> Fetch the complete documentation index at: https://docs.spreader.sh/llms.txt
> Use this file to discover all available pages before exploring further.

> ## Agent Instructions
> Spreader is a web service that tracks arbitrage spreads between crypto exchanges. This documentation covers only what a user of the service sees and does.
> Page paths starting with /en/ are English. Translations live under /ru/ and /uk/ with the same file names.
> Screenshots are illustrations. Every screenshot is accompanied by text that states the same facts, so you do not need to see the image.

# Page layout

> The spread page shows one direction of one pair: both legs, live In and Out spreads, APR, funding, history chart, order books, other routes of the asset, and the trade panel.

The spread page opens when you click a scanner row. Its address is `/spread?long=<leg>&short=<leg>`, see [Links](https://docs.spreader.sh/en/links/spread.md). Everything on the page is about one direction: buy on the long leg, sell or short on the short leg.

![The spread page on a desktop.](https://mintcdn.com/develops-6bdfff15/wHoc8ymqHXCxymk7/images/spread/page-en-dark.png?fit=max\&auto=format\&n=wHoc8ymqHXCxymk7\&q=85\&s=3e4338aaaea3bf593565c1c127b30894)

The spread page on a desktop.

## Header

* Asset logo, ticker and the pair kind.
* The two legs with exchange, market type and symbol. A click on a leg opens a **Change market** menu with the other markets of the asset that can take its place. **No other markets** means there is none.
* Buttons: **Favourite** (star), **Hide this pair from the scanner page**, **Share**, **Alert**, **Market page** of each leg and **Open ‹symbol› on ‹exchange›**, which goes to the exchange in a new tab.
* **Alert** opens the menu **Alert on**: **Spread of this pair**, **Long market** or **Short market**, see [Alerts on a pair](https://docs.spreader.sh/en/alerts/pair-and-market.md).

## Tiles

| Tile | Meaning |
| - | - |
| **In net** | Net entry spread right now, after taker fees on both legs. |
| **Out net** | Net exit spread right now. |
| **APR · funding, our side** | Yearly funding income from the current rates, counted from your position. |
| **Funding spread · per 24h** | Short leg funding minus long leg funding over a day. |

Below the tiles: **Accumulated funding (short − long)** for 1d, 3d, 7d and 30d from actual payments, with the realised APR over each window.

## Chart

The chart shows the history of In and Out with a live tail. Window, step, chart set and type are described in [Chart](https://docs.spreader.sh/en/spread/chart.md).

## Leg cards

Each leg has a card with its live price, **Taker fee**, **Funding** and **Funding interval** (or `spot · no funding`), **Multiplier**, **Book spread**, **Max position** on the exchange and, for a margin leg, **Borrow rate** per hour and **Borrowable pool** with the per account limit. `not limited · no lending pool` means the exchange has no pool and the limit is your collateral times leverage.

## Reference

The **Reference** block lists the asset **Class**, **Issuer**, **Links** to the exchange pages, and **History since**, the date the pair first appeared.

## Other routes

**Other routes of ‹asset›** lists the other directions of the same asset sorted by spread, with a link to each. The number of routes is shown in the note.

## Banners

| Banner | Meaning |
| - | - |
| **‹exchange› quote is N old.** | One leg is stale. In and Out are frozen at the last update, do not act on them. |
| **‹exchange› ‹symbol› is being delisted.** | New positions are not accepted. The spread can be misleading. |
| **‹exchange› ‹symbol›: borrow pool is empty or too small.** | Nothing is left to borrow for the short leg. The pool is rechecked every 15 to 30 seconds. |
| **This pair no longer exists.** | The exchange stopped trading the market. The chart keeps its history, books and alerts are off. |
| **The ‹quote› → USDT rate is assumed 1:1 right now.** | The exchange quote for a stablecoin rate is missing, so In, Out and APR may be off by that stablecoin's distance from parity. |
| **No live ‹quote› → USDT rate right now.** | The Markets line of the chart is paused until the rate is back. The server line and history are not affected. |
| **‹exchange› can't be reached from your browser.** | The live line continues from our server with the same numbers as the scanner. |

## Trade panel

To the right of the chart sits the **Trade** panel with **Open** and **Close** and the modes **Auto**, **Semi**, **Manual** and **Calc**. Under the chart: **Position**, **Orders** and **Balance** tabs. Guests see **Log in to trade**, signed in users without keys see **Sign in and connect exchange API keys to trade**. **Calc** works for everyone, see [Calculator](https://docs.spreader.sh/en/spread/calculator.md). Trading itself is described in [Trading](https://docs.spreader.sh/en/trading/overview.md).

## On a phone

The chart takes the width of the screen, the window is picked from a dropdown, and order books open as a sheet with the **Books** button, see [Order books](https://docs.spreader.sh/en/spread/order-books.md). The header keeps the star, **Hide** and **Share** icons.


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.