Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: Pacifica against Lighter+0.031%57s7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs+$29as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.187% of the position
Funding, last 7 days+0.481%+$48 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.031%, 7d avg +0.032%
=Together, before fees+0.493%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$49 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US500 | 7,765.7 | 0.0032 | pay 0.0004% / 1h | 42m 42s | $2.1M | $28.3M | 50x |
| Short | Pacifica SP500 | 7,768.1 | 0.0100 | get 0.0013% / 1h | 42m 42s | $261K | $177K | 20x |
Lighter US500
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $14.28
- Price spread: +0.031% → +0.032%
- −$0.17
- Slippage, 4 orders
- −$10.74
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$4.63
- Costs to cover
- 0.187%
- Break-even
- 9.3 days
Slippage from Lighter: live order book, 11 min ago; Pacifica: live order book, 15 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, 11 min ago | 0.19 bp | 0.3 bp $0 | 0.7 bp −$7 | 3.7 bp −$370 | 122.2 bp −$61.1K |
| Sell Pacifica live order book, 15 min ago | 1.22 bp | 11.4 bp −$11 | 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 | 7,666 | −1.284% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0029% | 1h | 7,767.1 | +0.018% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.1 | +0.005% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.5 | +0.075% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.3 | −0.314% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767 | +0.016% | $12K | $107K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,765.7 | long leg | $2.1M | $28.3M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.2 | +0.019% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.8 | −0.359% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832 | +0.854% | — | $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
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 | 7,769.3 | +0.046% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.4 | −0.004% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767 | +0.017% | $431.8M | $240.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766 | +0.004% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.7 | +0.013% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.4 | +0.034% | $9.5M | $7.6M | 25x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,768.1 | +0.031% | $261K | $177K | 20x | |
| Aftermath Perps US500USD | +0.0241% | 1h | 7,764.5 | −0.015% | $515 | $24K | 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
Aftermath Perps US500USD