Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: SoDEX against Lighter+0.009%7-day average +0.022% · 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−$38as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 3 days (all we have)+0.279%+$28 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.009%, 7d avg +0.022%
=Together, before fees+0.329%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$1 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 | 7,768.5 | 0.0032 | pay 0.0004% / 1h | 18m 04s | $1.9M | $28.6M | 50x |
| Short | SoDEX US500-USD | 7,769.2 | 0.0050 | get 0.0006% / 1h | 18m 04s | $1.1M | $69K | 20x |
Lighter US500
SoDEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $3.78
- Price spread: +0.009% → +0.022%
- −$1.3
- Slippage, 4 orders
- −$29.16
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$34.67
- Costs to cover
- 0.372%
- Break-even
- 71.2 days
Slippage from Lighter: live order book, 11 min ago; SoDEX: live order book, 1 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 | 0.26 bp | 0.3 bp $0 | 1.0 bp −$10 | 4.0 bp −$397 | 121.6 bp −$60.8K |
| Sell SoDEX live order book, 1 min ago | 0.06 bp | 18.2 bp −$18 | 49.4 bp −$494 | 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 | −1.337% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,768.8 | +0.004% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.6 | −0.037% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770 | +0.019% | $7.2M | $771K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.9 | −0.330% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.7 | +0.003% | $13K | $105K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,768.5 | long leg | $1.9M | $28.6M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,770.9 | +0.030% | $3.2M | $14.2M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.7 | −0.384% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,836.3 | +0.872% | — | $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 | 7,770.4 | +0.024% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,768.3 | −0.003% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,769.2 | +0.009% | $432.7M | $235.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,767.8 | −0.009% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USDshort | +0.0050% | 1h | 7,769.2 | +0.009% | $1.1M | $69K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.7 | +0.016% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,769 | +0.006% | $261K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0324% | 1h | 7,768.1 | −0.005% | $471 | $28K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD