Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.010%
Price spread now: Bullet against Lighter+0.014%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$130.133% of the position
Funding, last 4 days (all we have)+0.228%+$23 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.014%, 7d avg +0.028%
=Together, before fees+0.285%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.028%, 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 4 days funding on this pair paid +0.228%, 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 | 7,762 | 0.0032 | pay 0.0004% / 1h | 16m 14s | $2.1M | $28.4M | 50x |
| Short | Bullet US500-USD | 7,763.1 | 0 | get 0.0000% / 1h | 16m 14s | $12K | $104K | 10x |
Lighter US500
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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: +0.014% → +0.028%
- −$1.48
- Slippage, 4 orders
- −$5.31
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$21.51
- Costs to cover
- 0.133%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Bullet: live order book, 23 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, 8 min ago | 0.39 bp | 0.4 bp $0 | 0.5 bp −$5 | 7.4 bp −$735 | 138.5 bp −$69.3K |
| Sell Bullet live order book, 23 min ago | 0.50 bp | 6.3 bp −$6 | 20.6 bp −$206 | doesn't fit | 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 | 7,663.3 | −1.272% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,763.3 | +0.017% | $11.8M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | +0.057% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,766.1 | +0.053% | $7.2M | $767K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,739.8 | −0.286% | $17.5M | $8.8M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,763.1 | +0.014% | $12K | $104K | 10x | |
| Lighter US500long | +0.0032% | 1h | 7,762 | long leg | $2.1M | $28.4M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,764.9 | +0.037% | $3.2M | $12.3M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.6 | −0.314% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,830.5 | +0.883% | — | $4.3M | 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 | 7,765.3 | +0.043% | $625K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,762.9 | +0.012% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,763.1 | +0.014% | $436.3M | $233.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,763 | +0.013% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,763.1 | +0.014% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,764.6 | +0.033% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,765.5 | +0.045% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0333% | 1h | 7,763.7 | +0.022% | $446 | $29K | 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