Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against Popdex−0.035%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$80.082% of the position
Funding, last 4 days (all we have)−0.289%−$29 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.035%, 7d avg −0.054%
=Together, before fees−0.327%+ 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 −0.054%, 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 | Popdex US500USDT | 7,768.2 | 0.0048 | pay 0.0006% / 1h | 50m 56s | $624K | $529K | 20x |
| Short | Lighter US500 | 7,765.5 | 0.0032 | get 0.0004% / 1h | 50m 56s | $1.9M | $27.8M | 50x |
Popdex US500USDT
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Popdex. 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: −0.035% → −0.054%
- $1.92
- Slippage, 4 orders
- −$1.8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.64
- Costs to cover
- 0.082%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 53 min ago; Lighter: live order book, 8 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 Popdex live order book, 53 min ago | 0.39 bp | 3.6 bp −$4 | 3.6 bp −$36 | 7.0 bp −$703 | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.51 bp | 0.5 bp −$1 | 0.6 bp −$6 | 6.4 bp −$641 | 161.1 bp −$80.6K |
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 | 7,666.5 | −1.309% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,766.8 | −0.018% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | −0.023% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,768.8 | +0.008% | $7.2M | $767K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.8 | −0.339% | $17.5M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.3 | −0.024% | $12K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,765.5 | −0.035% | $1.9M | $27.8M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.2 | 0.000% | $3.2M | $13.2M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.382% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.6 | +0.842% | — | $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 US500USDTlong | +0.0048% | 1h | 7,768.2 | long leg | $624K | $529K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.9 | −0.030% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.6 | −0.021% | $437.0M | $236.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | −0.031% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.4 | −0.023% | $1.2M | $99K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.2 | −0.012% | $9.5M | $8.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.2 | −0.001% | $261K | $164K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0325% | 1h | 7,767.3 | −0.012% | $481 | $28K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD