SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter against ApeX Omni+0.242%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$870.875% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.818%−$82 · spread now +0.242%, 7d avg +0.021%

Together, before fees−0.814%+ Points / potential airdropLighter: Season 3 · farm board−$81 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.222% dearer against ApeX Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SPXUSDT	0.5032	0.0100	pay 0.0013% / 1h	53m 12s	$45K	$247K	25x
Short	Lighter SPX	0.5044	0.0096	get 0.0012% / 1h	53m 12s	$116K	$318K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee LighterbpOrdersPrice spread, now +0.242%Rate

Funding earned: −$0.84
Price spread: +0.242% → +0.021%: $22.16
Slippage, 4 orders: −$77.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$66.13
Costs to cover: 0.875%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 min ago; Lighter: live order book, 16 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 ApeX Omni live order book, 23 min ago	9.04 bp	17.6 bp −$18	97.2 bp −$972	doesn't fit	doesn't fit
Sell Lighter live order book, 16 min ago	25.58 bp	25.6 bp −$26	80.0 bp −$800	doesn't fit	doesn't fit

SPX on 19 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
Kraken Futures PF_SPXUSD	−0.1181%	1h	0.5048	+0.311%	$240K	$560K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.053%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0062%	4h	0.5034	+0.046%	$847K	$1.3M	—	as long as short
Lighter SPXshort	+0.0096%	1h	0.5044	+0.242%	$116K	$318K	5x
Hyperliquid SPX	+0.0100%	1h	0.5043	+0.219%	$9.7M	$7.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5046	+0.283%	$128K	$108K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5043	+0.217%	$4.9M	$20.9M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5032	0.000%	$11.5M	$16.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5044	+0.238%	$965K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5042	+0.199%	$1.0M	$494K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5041	+0.179%	$11.3M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5041	+0.179%	$3.8M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5042	+0.199%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5037	+0.099%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDTlong	+0.0100%	1h	0.5032	long leg	$45K	$247K	25x
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5047	+0.298%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5032	0.000%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5037	+0.100%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5050	+0.358%	$244K	$989K	75x	as long as short