Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h −0.006%
Price spread now: QFEX against Lighter+0.018%7-day average +0.020% · 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−$16as in the Price arb table
costs, in and out, $10k−$160.160% of the position
Funding, last 3 days (all we have)+0.243%+$24 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now +0.018%, 7d avg +0.020%
=Together, before fees+0.259%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.243%, 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 | 7,765.3 | 0.0032 | pay 0.0004% / 1h | 19m 15s | $2.2M | $28.6M | 50x |
| Short | QFEX US500-USD | 7,766.7 | −0.0038 | pay 0.0005% / 1h | 19m 15s | $11.8M | $3.1M | 30x |
Lighter US500
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$14.65
- Price spread: +0.018% → +0.020%
- −$0.24
- Slippage, 4 orders
- −$6.04
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$30.93
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; QFEX: live order book, 5 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, 5 min ago | 0.39 bp | 0.5 bp $0 | 1.0 bp −$10 | 4.0 bp −$396 | 122.5 bp −$61.3K |
| Sell QFEX live order book, 5 min ago | 1.61 bp | 7.8 bp −$8 | 12.8 bp −$128 | 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 | 7,667.7 | −1.257% | $7K | $105 | 52x | as long as short |
| QFEX US500-USDshort | −0.0038% | 1h | 7,766.7 | +0.018% | $11.8M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,771 | +0.073% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.1 | +0.062% | $7.2M | $790K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.9 | −0.276% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.3 | +0.026% | $12K | $106K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,765.3 | long leg | $2.2M | $28.6M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769 | +0.048% | $3.2M | $13.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.4 | −0.346% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.5 | +0.878% | — | $3.5M | 50x | as long as short |
Injective US500/USDC PERP
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 | 7,767.9 | +0.033% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.3 | +0.001% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.4 | +0.027% | $437.1M | $253.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766 | +0.009% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.2 | +0.024% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.6 | +0.017% | $9.5M | $6.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.2 | +0.024% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0127% | 1h | 7,765.9 | +0.008% | $612 | $22K | 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