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: Markets by Kinetiq against Lighter−0.384%7-day average −0.211% · you buy dearer than you sell
Net, funding: paid 7d − costs+$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$30.029% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 7 days+0.268%+$27 · spread now −0.384%, 7d avg −0.211%
=Together, before fees+0.648%+ Points / potential airdropLighter: Season 3 · farm board+$65 on $10k · with fees, hour by hour
Funding pays, the price is against you. Markets by Kinetiq is 0.173% cheaper against Lighter than usual: you would sell low and buy high (spread −0.384% now, against its 7-day average of −0.211%). If the spread goes back, that is −$17 on $10k: about 42 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.380% in total) that is about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US500 | 7,769.7 | 0.0032 | pay 0.0004% / 1h | 9m 30s | $2.0M | $28.6M | 50x |
| Short | Markets by Kinetiq mkts:US500 | 7,739.9 | 0.0046 | get 0.0006% / 1h | 9m 30s | $1.6M | $7.2M | 25x |
Lighter US500
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq 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
- $2.87
- Price spread: −0.384% → −0.211%
- −$17.25
- Slippage, 4 orders
- −$1.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$17.26
- Costs to cover
- 0.029%
- Break-even
- 49.1 days
Slippage from Lighter: live order book, 4 min ago; Markets by Kinetiq: 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 Lighter live order book, 4 min ago | 0.26 bp | 0.3 bp $0 | 0.3 bp −$3 | 5.3 bp −$528 | 141.9 bp −$70.9K |
| Sell Markets by Kinetiq live order book, 8 min ago | 0.06 bp | 1.3 bp −$1 | doesn't fit | 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 | 7,665.8 | −1.337% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0033% | 1h | 7,771.5 | +0.023% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.9 | −0.036% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.1 | +0.005% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,744.6 | −0.323% | $17.5M | $9.6M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,770.1 | +0.005% | $13K | $104K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,769.7 | long leg | $2.0M | $28.6M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,772.1 | +0.031% | $3.2M | $14.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,739.9 | −0.384% | $1.6M | $7.2M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,836.8 | +0.863% | — | $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 | 7,773 | +0.042% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,769.6 | −0.001% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,771 | +0.017% | $431.9M | $234.2M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,769.6 | −0.001% | $9.1M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,771 | +0.017% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,771.9 | +0.028% | $9.5M | $7.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,770.8 | +0.014% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0225% | 1h | 7,767 | −0.034% | $471 | $27K | 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