Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Bitget−0.040%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 7 days−0.015%−$2 · spread now −0.040%, 7d avg −0.079%
=Together, before fees−0.271%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.039% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.256%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SP500USDT | 7,756 | 0 | get 0.0000% / 8h | 7h 46m | $7.2M | $768K | 50x |
| Short | Lighter US500 | 7,752.9 | 0.0032 | get 0.0004% / 1h | 46m 59s | $2.0M | $28.1M | 50x |
Bitget SP500USDT
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $6.72
- Price spread: −0.040% → −0.079%
- $3.94
- Slippage, 4 orders
- −$33.39
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$34.74
- Costs to cover
- 0.454%
- Break-even
- 43.2 days
Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 7 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 Bitget live order book, 1 min ago | 6.12 bp | 22.7 bp −$23 | 43.3 bp −$433 | 46.4 bp −$4,638 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.39 bp | 0.5 bp −$1 | 0.8 bp −$8 | 3.7 bp −$374 | 129.8 bp −$64.9K |
SP500 on 18 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 US500/USDC PERP | −0.0220% | 1h | 7,663.3 | −1.195% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,753.2 | −0.036% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,762.6 | +0.085% | $141K | $228K | 20x | as long as short |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,756 | long leg | $7.2M | $768K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,731.8 | −0.312% | $17.5M | $8.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,753.3 | −0.035% | $13K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0016% | 1h | 7,753.2 | −0.036% | $431.8M | $234.4M | 50x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,752.9 | −0.040% | $2.0M | $28.1M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,755.7 | −0.004% | $3.3M | $11.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,725.8 | −0.389% | $1.6M | $7.4M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,821.6 | +0.846% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,756.5 | +0.006% | $624K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,752.9 | −0.040% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,755.7 | −0.004% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,753.2 | −0.036% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,754.2 | −0.023% | $9.5M | $8.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,753.4 | −0.034% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0328% | 1h | 7,754 | −0.026% | $527 | $29K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD