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

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0172%/8h= −18.8% APRnext payment $0.22 per $10,000 · paid last 24h −0.069%
Price spread now: Lighter against Aftermath Perps−0.020%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.020% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps US500USD7,768.40.0204pay 0.0026% / 1h34m 37s$560$21K10x
ShortLighter US5007,766.80.0032get 0.0004% / 1h34m 37s$2.2M$28.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aftermath Perps. 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
−$36.13
Price spread: −0.020% → 0.000%
−$2.03
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$47.16
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Lighter live order book, 4 min ago0.39 bp0.4 bp $00.6 bp −$63.8 bp −$375160.5 bp −$80.3K
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SP500 on 18 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
Injective US500/USDC PERP−0.0220%1h7,668.6−1.284%$7K$10552xas long as short
QFEX US500-USD−0.0045%1h7,768.9+0.007%$11.8M$3.1M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,772+0.047%$152K$246K20xas long as short
Bitget SP500USDT0.0000%8h7,772.1+0.048%$7.2M$797K50xas long as short
Variational Omni US5000.0000%8h7,745−0.300%$17.2M$8.9Mas long as short
Bullet US500-USD0.0000%1h7,768.5+0.002%$13K$108K10xas long as short
Lighter US500short+0.0032%1h7,766.8−0.020%$2.2M$28.7M50x
Extended SPX500m-USD+0.0032%1h7,769.2+0.010%$3.2M$14.1M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,741−0.352%$1.6M$7.1M25xas long as short
Vest SPX-USD-PERP+0.0046%1h7,833.3+0.835%$3.6M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,770.2+0.023%$545K$440K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,766.4−0.025%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,768.7+0.004%$436.1M$242.9M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,766.2−0.028%$9.0M$2.2M50xas long as short
SoDEX US500-USD+0.0050%1h7,768.1−0.004%$1.1M$85K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,768.5+0.001%$9.5M$7.0M25xas long as short
Pacifica SP500+0.0100%1h7,769.1+0.010%$261K$177K20xas long as short
Aftermath Perps US500USDlong+0.0204%1h7,768.4long leg$560$21K10x