Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against OKX−0.055%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days−0.891%−$89 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.055%, 7d avg −0.097%
=Together, before fees−0.988%+ Points / potential airdropLighter: Season 3 · farm board−$99 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.042% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.097%. Mind the row above: over the last 7 days funding on this pair cost −0.891%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,766.4 | 0 | get 0.0000% / 8h | 12m 22s | $141K | $229K | 20x |
| Short | Lighter US500 | 7,762.1 | 0.0032 | get 0.0004% / 1h | 12m 22s | $2.1M | $28.7M | 50x |
OKX US500-USDT-SWAP
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $6.72
- Price spread: −0.055% → −0.097%
- $4.15
- Slippage, 4 orders
- −$12.71
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.83
- Costs to cover
- 0.227%
- Break-even
- 19.3 days
Slippage from OKX: live order book, 23 min ago; Lighter: live order book, 11 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 OKX live order book, 23 min ago | 1.16 bp | 14.2 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 0.39 bp | 0.4 bp $0 | 0.5 bp −$5 | 3.6 bp −$357 | 136.6 bp −$68.3K |
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 | −1.328% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,762.9 | −0.045% | $10.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,766.4 | long leg | $141K | $229K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.9 | +0.019% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,739.6 | −0.346% | $17.5M | $8.7M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,762.5 | −0.050% | $12K | $104K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,762.1 | −0.055% | $2.1M | $28.7M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,763.7 | −0.035% | $3.2M | $12.2M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.4 | −0.373% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,830 | +0.819% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
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 | 7,765.1 | −0.017% | $625K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,762.4 | −0.051% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,762.6 | −0.049% | $436.3M | $233.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,762.8 | −0.046% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,762.4 | −0.052% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,764.4 | −0.026% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,764.9 | −0.020% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0332% | 1h | 7,763.7 | −0.034% | $446 | $29K | 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