Funding you earn now, next payment 06:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.013%
Price spread now: Lighter against Markets by Kinetiq+0.346%7-day average +0.211% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs+$10as in the Price arb table
costs, in and out, $10k−$30.034% of the position
Funding, last 7 days−0.380%−$38 on $10k
+Price spread, last 7 days−0.231%−$23 · spread now +0.346%, 7d avg +0.211%
=Together, before fees−0.611%+ Points / potential airdropLighter: Season 3 · farm board−$61 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.135% dearer against Markets by Kinetiq than usual: you sell high and buy low (spread +0.346% now, against its 7-day average of +0.211%): +$14 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 33 days. At the pace of the last 7 days (−0.380% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,737.8 | 0.0046 | pay 0.0006% / 1h | 45m 38s | $1.6M | $7.1M | 25x |
| Short | Lighter US500 | 7,764.6 | 0.0032 | get 0.0004% / 1h | 45m 38s | $2.1M | $27.9M | 50x |
Markets by Kinetiq mkts:US500
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Markets by Kinetiq. 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
- −$2.87
- Price spread: +0.346% → +0.211%
- $13.53
- Slippage, 4 orders
- −$1.74
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $7.3
- Costs to cover
- 0.034%
- Break-even
- from the start
Slippage from Markets by Kinetiq: live order book, 2 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 Markets by Kinetiq live order book, 2 min ago | 0.19 bp | 1.2 bp −$1 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.39 bp | 0.4 bp $0 | 0.7 bp −$7 | 3.4 bp −$344 | 139.9 bp −$70.0K |
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 | 7,664.8 | −0.943% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0033% | 1h | 7,766.2 | +0.367% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.8 | +0.375% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.4 | +0.408% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740 | +0.028% | $17.5M | $9.6M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.9 | +0.363% | $12K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,764.6 | +0.346% | $2.1M | $27.9M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.2 | +0.380% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,737.8 | long leg | $1.6M | $7.1M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.6 | +1.213% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Extended SPX500m-USD
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 | 7,768 | +0.390% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.3 | +0.342% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766 | +0.364% | $431.4M | $235.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.6 | +0.346% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.9 | +0.363% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.9 | +0.377% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.6 | +0.372% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0244% | 1h | 7,764.9 | +0.350% | $470 | $26K | 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