Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.009%
Price spread now: Lighter against Bullet−0.013%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Funding, last 3 days (all we have)−0.231%−$23 on $10k
+Price spread, last 3 days (all we have)−0.035%−$3 · spread now −0.013%, 7d avg −0.029%
=Together, before fees−0.266%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.231%, 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 | Bullet US500-USD | 7,766.3 | 0 | get 0.0000% / 1h | 19m 35s | $12K | $106K | 10x |
| Short | Lighter US500 | 7,765.3 | 0.0032 | get 0.0004% / 1h | 19m 35s | $2.2M | $28.6M | 50x |
Bullet US500-USD
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bullet. 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: −0.013% → −0.029%
- $1.61
- Slippage, 4 orders
- −$5.41
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$5.07
- Costs to cover
- 0.134%
- Break-even
- 12.3 days
Slippage from Bullet: live order book, 59 min ago; Lighter: live order book, 4 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 Bullet live order book, 59 min ago | 0.50 bp | 6.3 bp −$6 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.39 bp | 0.4 bp $0 | 0.7 bp −$7 | 3.3 bp −$331 | 131.5 bp −$65.7K |
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 | 7,667.7 | −1.270% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,766.7 | +0.005% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,771 | +0.060% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.5 | +0.054% | $7.2M | $790K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.9 | −0.289% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USDlong | 0.0000% | 1h | 7,766.3 | long leg | $12K | $106K | 10x | |
| Lighter US500short | +0.0032% | 1h | 7,765.3 | −0.013% | $2.2M | $28.6M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.3 | +0.025% | $3.2M | $13.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.4 | −0.360% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.5 | +0.865% | — | $3.5M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,767.9 | +0.020% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.3 | −0.013% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.4 | +0.014% | $437.1M | $253.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766 | −0.004% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.6 | +0.003% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.6 | +0.003% | $9.5M | $6.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.2 | +0.011% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0127% | 1h | 7,765.9 | −0.006% | $581 | $22K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD