Funding you earn now, next payment 05:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%
Price spread now: tradeXYZ against Lighter+0.018%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 7 days+0.283%+$28 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now +0.018%, 7d avg +0.020%
=Together, before fees+0.275%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$27 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: +$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 | 7,764.4 | 0.0032 | pay 0.0004% / 1h | 41m 17s | $2.1M | $28.5M | 50x |
| Short | tradeXYZ xyz:SP500 | 7,765.8 | 0.0050 | get 0.0006% / 1h | 41m 17s | $431.5M | $237.6M | 50x |
Lighter US500
tradeXYZ xyz:SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: +0.018% → +0.020%
- −$0.22
- Slippage, 4 orders
- −$0.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$15.08
- Costs to cover
- 0.186%
- Break-even
- 34.9 days
Slippage from Lighter: live order book, 8 min ago; tradeXYZ: live order book, 9 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, 8 min ago | 0.26 bp | 0.3 bp $0 | 0.5 bp −$5 | 6.4 bp −$636 | 143.5 bp −$71.8K |
| Sell tradeXYZ live order book, 9 min ago | 0.06 bp | 9.1 bp −$9 | 9.5 bp −$95 | 10.4 bp −$1,039 | 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 | 7,664.2 | −1.291% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,765.6 | +0.015% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.1 | +0.048% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.2 | +0.075% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.6 | −0.294% | $17.6M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.9 | +0.020% | $13K | $105K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,764.4 | long leg | $2.1M | $28.5M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.4 | +0.026% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.8 | −0.355% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.5 | +0.864% | — | $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 | 7,767.2 | +0.036% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.1 | −0.004% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500short | +0.0050% | 1h | 7,765.8 | +0.018% | $431.5M | $237.6M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.6 | +0.003% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.5 | +0.014% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.9 | +0.032% | $9.5M | $7.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.6 | +0.029% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0260% | 1h | 7,764.9 | +0.006% | $510 | $25K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD