Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.009%
Price spread now: Bitget against Lighter+0.062%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$530.525% of the position
Funding, last 7 days+0.262%+$26 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now +0.062%, 7d avg +0.081%
=Together, before fees+0.274%+ 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 +0.081%, 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 7 days funding on this pair paid +0.262%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US500 | 7,766.7 | 0.0032 | pay 0.0004% / 1h | 46m 43s | $2.3M | $28.1M | 50x |
| Short | Bitget SP500USDT | 7,771.5 | 0 | get 0.0000% / 8h | 46m 43s | $7.2M | $790K | 50x |
Lighter US500
Bitget SP500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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: +0.062% → +0.081%
- −$1.94
- Slippage, 4 orders
- −$40.52
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$61.18
- Costs to cover
- 0.525%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Bitget: live order book, 2 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 Lighter live order book, 7 min ago | 0.06 bp | 0.8 bp −$1 | 0.8 bp −$8 | 4.0 bp −$397 | 128.5 bp −$64.3K |
| Sell Bitget live order book, 2 min ago | 6.76 bp | 27.9 bp −$28 | 30.1 bp −$301 | 36.2 bp −$3,619 | doesn't fit |
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 | 7,666.6 | −1.289% | $7K | $103 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,767.4 | +0.009% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.4 | +0.022% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDTshort | 0.0000% | 8h | 7,771.5 | +0.062% | $7.2M | $790K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,743.4 | −0.300% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.1 | +0.018% | $12K | $106K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,766.7 | long leg | $2.3M | $28.1M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.3 | +0.033% | $3.2M | $13.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.2 | −0.367% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.3 | +0.857% | — | $3.5M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
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 | 7,769.1 | +0.031% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.9 | −0.010% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.4 | +0.022% | $436.2M | $255.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.9 | −0.010% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768 | +0.017% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768 | +0.017% | $9.5M | $6.7M | 25x | as long as short |
| Aftermath Perps US500USD | +0.0057% | 1h | 7,763.1 | −0.046% | $519 | $22K | 10x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.6 | +0.024% | $258K | $195K | 20x | 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
Aftermath Perps US500USD
Pacifica SP500