Funding you earn now, next payment 09:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Popdex against Lighter+0.058%7-day average +0.054% · 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−$8as in the Price arb table
costs, in and out, $10k−$90.087% of the position
Funding, last 4 days (all we have)+0.289%+$29 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.058%, 7d avg +0.054%
=Together, before fees+0.352%+ Points / potential airdropLighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US500 | 7,747.6 | 0.0032 | pay 0.0004% / 1h | 42m 10s | $2.0M | $28.1M | 50x |
| Short | Popdex US500USDT | 7,752.1 | 0.0048 | get 0.0006% / 1h | 42m 10s | $623K | $527K | 20x |
Lighter US500
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $3.36
- Price spread: +0.058% → +0.054%
- $0.44
- Slippage, 4 orders
- −$2.31
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$4.92
- Costs to cover
- 0.087%
- Break-even
- 17.2 days
Slippage from Lighter: live order book, 7 min ago; Popdex: live order book, 57 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 | 0.58 bp | 0.6 bp −$1 | 0.7 bp −$7 | 3.5 bp −$349 | 119.9 bp −$60.0K |
| Sell Popdex live order book, 57 min ago | 0.51 bp | 3.7 bp −$4 | 3.7 bp −$37 | 12.1 bp −$1,207 | 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 | −1.088% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,748.8 | +0.015% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,758.8 | +0.145% | $141K | $227K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,754.7 | +0.092% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,730.8 | −0.217% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,747.9 | +0.003% | $13K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0012% | 1h | 7,747.4 | −0.003% | $428.4M | $236.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0016% | 1h | 7,750.3 | +0.035% | $3.3M | $11.4M | 25x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,747.6 | long leg | $2.0M | $28.1M | 50x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,721.4 | −0.338% | $1.6M | $7.4M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,816.3 | +0.886% | — | $4.3M | 50x | as long as short |
| Popdex US500USDTshort | +0.0048% | 1h | 7,752.1 | +0.058% | $623K | $527K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,747.9 | +0.004% | $42K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,750 | +0.031% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,747.5 | −0.001% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,749.4 | +0.024% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,750.1 | +0.032% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0334% | 1h | 7,750.5 | +0.037% | $446 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD