Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: OKX against Lighter−0.021%7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs+$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days+0.892%+$89 on $10k
+Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.021%, 7d avg +0.098%
=Together, before fees+1.079%+ Points / potential airdropLighter: Season 3 · farm board+$108 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.119% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.098%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.892%, 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 | 7,767.2 | 0.0032 | pay 0.0004% / 1h | 28m 20s | $2.0M | $28.5M | 50x |
| Short | OKX US500-USDT-SWAP | 7,765.6 | 0 | get 0.0000% / 8h | 1h 28m | $141K | $232K | 20x |
Lighter US500
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.021% → +0.098%
- −$11.86
- Slippage, 4 orders
- −$13.43
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$42.01
- Costs to cover
- 0.234%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; OKX: live order book, 12 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, 10 min ago | 0.26 bp | 0.3 bp $0 | 0.7 bp −$7 | 4.7 bp −$466 | 125.2 bp −$62.6K |
| Sell OKX live order book, 12 min ago | 0.97 bp | 9.6 bp −$10 | 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 | 7,664.6 | −1.321% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,767.8 | +0.008% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,765.6 | −0.021% | $141K | $232K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.1 | +0.024% | $7.2M | $773K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.2 | −0.335% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.9 | +0.009% | $13K | $105K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,767.2 | long leg | $2.0M | $28.5M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.8 | +0.034% | $3.2M | $14.4M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.2 | −0.360% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,835.3 | +0.876% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Bitget SP500USDT
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 | 7,769.5 | +0.030% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.4 | +0.003% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.9 | +0.009% | $431.5M | $234.3M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.6 | −0.008% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.6 | +0.005% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.9 | +0.035% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.2 | +0.013% | $261K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0327% | 1h | 7,767.9 | +0.009% | $471 | $28K | 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