Funding you earn now, next payment 08:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.071%
Price spread now: Lighter against BloFin−0.039%60s7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$810.812% of the position
Funding, last 7 days−0.362%−$36 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.039%, 7d avg +0.056%
=Together, before fees−0.201%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.095% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.056%). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPX-USDT | 0.5116 | 0.0340 | pay 0.0170% / 4h | 0m 06s | $250K | $1.0M | 75x |
| Short | Lighter SPX | 0.5114 | 0.0096 | get 0.0012% / 1h | 0m 06s | $141K | $407K | 5x |
BloFin SPX-USDT
Lighter SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$51.24
- Price spread: −0.039% → +0.056%
- −$9.47
- Slippage, 4 orders
- −$69.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$141.9
- Costs to cover
- 0.812%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Lighter: live order book, 29 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 BloFin live order book, 7 min ago | 2.93 bp | 16.5 bp −$17 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 29 min ago | 19.99 bp | 20.0 bp −$20 | 76.2 bp −$762 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −2.678% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXshort | +0.0096% | 1h | 0.5114 | −0.039% | $141K | $407K | 5x | |
| Hyperliquid SPX | +0.0100% | 1h | 0.5113 | −0.063% | $10.3M | $8.4M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5113 | −0.066% | $137K | $93K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5111 | −0.100% | $5.1M | $23.8M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5104 | −0.235% | $11.8M | $17.8M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5106 | −0.195% | $974K | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5108 | −0.156% | $1.0M | $662K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5111 | −0.098% | $11.7M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5111 | −0.098% | $3.7M | $5.5M | 50x | as long as short |
Injective SPX/USDC PERP
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5112 | −0.078% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5110 | −0.117% | — | $7.0M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5106 | −0.199% | $951K | $1.6M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5114 | −0.039% | $26K | $249K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5100 | −0.313% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5107 | −0.180% | $33K | $299K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0107% | 4h | 0.5117 | +0.020% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDTlong | +0.0340% | 4h | 0.5116 | long leg | $250K | $1.0M | 75x | |
| Kraken Futures PF_SPXUSD | +0.1264% | 1h | 0.5131 | +0.289% | $256K | $551K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
Kraken Futures PF_SPXUSD