Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Extended against Lighter−0.208%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1141.144% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.208%, 7d avg −0.145%
=Together, before fees+0.048%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$5 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: Extended is 0.063% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.145%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPX | 0.5170 | 0.0096 | pay 0.0012% / 1h | 12m 04s | $151K | $370K | 5x |
| Short | Extended SPX-USD | 0.5160 | 0.0104 | get 0.0013% / 1h | 12m 04s | $34K | $252K | 10x |
Lighter SPX
Extended SPX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1.68
- Price spread: −0.208% → −0.145%
- −$6.33
- Slippage, 4 orders
- −$109.39
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$119.03
- Costs to cover
- 1.144%
- Break-even
- 503.0 days
Slippage from Lighter: live order book, 32 min ago; Extended: live order book, 40 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, 32 min ago | 27.83 bp | 27.8 bp −$28 | 67.8 bp −$678 | doesn't fit | doesn't fit |
| Sell Extended live order book, 40 min ago | 3.40 bp | 30.6 bp −$31 | 212.0 bp −$2,120 | 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 | −3.700% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXlong | +0.0096% | 1h | 0.5170 | long leg | $151K | $370K | 5x | |
| Binance SPXUSDT | +0.0100% | 4h | 0.5170 | −0.006% | $5.2M | $22.3M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5162 | −0.161% | $11.8M | $17.0M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5166 | −0.083% | $939K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5167 | −0.064% | $1.0M | $592K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5168 | −0.044% | $12.0M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5166 | −0.083% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5171 | +0.014% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5164 | −0.122% | — | $6.9M | — | as long as short |
Injective SPX/USDC PERP
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SPX | +0.0100% | 4h | 0.5180 | +0.180% | $965K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5182 | +0.226% | $26K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5159 | −0.219% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USDshort | +0.0104% | 1h | 0.5160 | −0.208% | $34K | $252K | 10x | |
| Hyperliquid SPX | +0.0148% | 1h | 0.5171 | +0.008% | $10.6M | $7.8M | 5x | as long as short |
| Aster SPXUSDT | +0.0181% | 4h | 0.5175 | +0.091% | $138K | $130K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0224% | 4h | 0.5174 | +0.072% | $21K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5185 | +0.284% | $254K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1216% | 1h | 0.5174 | +0.074% | $253K | $548K | 20x | as long as short |
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Hyperliquid SPX
Aster SPXUSDT
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD