Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.067%
Price spread now: BloFin against Lighter+0.072%90s7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$840.845% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 4 days (all we have)−0.425%−$42 · spread now +0.072%, 7d avg −0.046%
=Together, before fees−0.074%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.118% dearer against Lighter than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.046%. The two prices were read 90 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 | Lighter SPX | 0.4987 | 0.0096 | pay 0.0012% / 1h | 47m 46s | $134K | $357K | 5x |
| Short | BloFin SPX-USDT | 0.4991 | 0.0340 | get 0.0170% / 4h | 47m 46s | $250K | $989K | 75x |
Lighter SPX
BloFin SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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: +0.072% → −0.046%
- $11.81
- Slippage, 4 orders
- −$72.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$21.41
- Costs to cover
- 0.845%
- Break-even
- 9.9 days
Slippage from Lighter: live order book, 2 min ago; BloFin: 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 Lighter live order book, 2 min ago | 22.24 bp | 22.2 bp −$22 | 69.9 bp −$699 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 29 min ago | 5.93 bp | 22.7 bp −$23 | 45.3 bp −$453 | 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 | −0.168% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXlong | +0.0096% | 1h | 0.4987 | long leg | $134K | $357K | 5x | |
| Hyperliquid SPX | +0.0100% | 1h | 0.4984 | −0.064% | $10.1M | $7.4M | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.4985 | −0.052% | $5.0M | $21.3M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.4977 | −0.209% | $11.3M | $16.3M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.4986 | −0.028% | $931K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.4979 | −0.168% | $991K | $558K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.4984 | −0.068% | $11.9M | $4.8M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.4986 | −0.028% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.4986 | −0.028% | $2.6M | $1.4M | 50x | as long as short |
Injective SPX/USDC PERP
Hyperliquid SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.4982 | −0.108% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.4985 | −0.046% | $840K | $1.4M | — | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.4977 | −0.209% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.4982 | −0.105% | $32K | $250K | 10x | as long as short |
| Aster SPXUSDT | +0.0125% | 4h | 0.4986 | −0.031% | $133K | $122K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0150% | 4h | 0.4993 | +0.112% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.4991 | +0.072% | $250K | $989K | 75x | |
| ApeX Omni SPXUSDT | +0.0625% | 1h | 0.4997 | +0.192% | $25K | $254K | 25x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1294% | 1h | 0.4987 | −0.010% | $242K | $549K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Orderly PERP_SPX_USDC
ApeX Omni SPXUSDT
Kraken Futures PF_SPXUSD