Funding you earn now, next payment 09:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter against Extended−0.025%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$100.100% of the position
Funding, last 7 days−0.220%−$22 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.025%, 7d avg +0.002%
=Together, before fees−0.212%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.027% cheaper against Extended than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.002%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.220%, 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 | Extended SPX500m-USD | 7,746 | −0.0056 | get 0.0007% / 1h | 30m 56s | $3.3M | $11.3M | 25x |
| Short | Lighter US500 | 7,744 | 0.0032 | get 0.0004% / 1h | 30m 56s | $2.0M | $28.1M | 50x |
Extended SPX500m-USD
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $18.48
- Price spread: −0.025% → +0.002%
- −$2.68
- Slippage, 4 orders
- −$5.04
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $5.76
- Costs to cover
- 0.100%
- Break-even
- 4.8 days
Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 8 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 Extended live order book, 3 min ago | 0.90 bp | 3.4 bp −$3 | 6.3 bp −$63 | 19.8 bp −$1,977 | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.26 bp | 0.3 bp $0 | 0.8 bp −$8 | 3.9 bp −$394 | 130.1 bp −$65.1K |
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 | −1.067% | $7K | $104 | 52x | as long as short |
| Extended SPX500m-USDlong | −0.0056% | 1h | 7,746 | long leg | $3.3M | $11.3M | 25x | |
| QFEX US500-USD | −0.0042% | 1h | 7,745.5 | −0.006% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,753.2 | +0.094% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,751.7 | +0.074% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,725.1 | −0.270% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,744.5 | −0.019% | $13K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0002% | 1h | 7,744 | −0.025% | $427.9M | $238.0M | 50x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,744 | −0.025% | $2.0M | $28.1M | 50x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,716.9 | −0.375% | $1.6M | $7.5M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
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 | 7,812.3 | +0.856% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,747.8 | +0.024% | $623K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,744.2 | −0.022% | $42K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,746.3 | +0.004% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,744 | −0.025% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,745.9 | 0.000% | $9.5M | $8.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,746.8 | +0.011% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0328% | 1h | 7,745.9 | 0.000% | $510 | $30K | 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