Settings8H · net · $10k
Funding arb · Price arb /

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%
Price spread now: Lighter against SunX+0.218%7-day average +0.231% · you sell dearer than you buy
Net, funding: paid 7d − costs−$329as in the Funding arb table
Net, price: spread back to 7d avg − costs−$332as in the Price arb table
costs, in and out, $10k−$3313.308% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 3 days (all we have)+0.736%+$74 · spread now +0.218%, 7d avg +0.231%
Together, before fees+0.749%+ Points / potential airdropLighter: Season 3 · farm board+$75 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPX-USDT0.50040.0100pay 0.0050% / 4h2h 49m$8K$1.6M20x
ShortLighter SPX0.50150.0096get 0.0012% / 1h49m 01s$116K$318K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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

Funding earned
−$0.84
Price spread: +0.218% → +0.231%
−$1.32
Slippage, 4 orders
−$322.84
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$333
Costs to cover
3.308%
Break-even
never at this rate
Slippage from SunX: live order book, 6 min ago; Lighter: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago65.83 bp140.8 bp −$141doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 34 min ago20.35 bp20.3 bp −$2063.5 bp −$635doesn't fitdoesn't fit

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SPXUSD−0.0415%1h0.5010+0.123%$230K$560K20xas long as short
Variational Omni SPX−0.0022%4h0.5000−0.079%$844K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−0.500%$9$4K5.5xas long as short
Lighter SPXshort+0.0096%1h0.5015+0.218%$116K$318K5x
Hyperliquid SPX+0.0100%1h0.5016+0.240%$9.8M$7.1M5xas long as short
Aster SPXUSDT+0.0100%4h0.5016+0.236%$123K$97K10xas long as short
Binance SPXUSDT+0.0100%4h0.5013+0.175%$5.0M$19.5M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5006+0.040%$11.6M$15.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5008+0.080%$975K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5009+0.100%$1.0M$476K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5012+0.160%$11.5M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5010+0.120%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5011+0.140%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5013+0.180%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5009+0.100%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5020+0.320%$20K$71110xas long as short
SunX SPX-USDTlong+0.0100%4h0.5004long leg$8K$1.6M20x
Extended SPX-USD+0.0104%1h0.5011+0.131%$34K$227K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5013+0.180%$254K$907K75xas long as short