Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against tradeXYZ−0.041%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 7 days−0.282%−$28 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.041%, 7d avg −0.020%
=Together, before fees−0.233%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,768.8 | 0.0028 | pay 0.0004% / 1h | 5m 13s | $424.3M | $237.6M | 50x |
| Short | Lighter US500 | 7,765.6 | 0.0032 | get 0.0004% / 1h | 5m 13s | $2.0M | $29.5M | 50x |
tradeXYZ xyz:SP500
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- $0.82
- Price spread: −0.041% → −0.020%
- −$2.08
- Slippage, 4 orders
- −$0.9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$20.17
- Costs to cover
- 0.189%
- Break-even
- 179.7 days
Slippage from tradeXYZ: live order book, 8 min ago; Lighter: live order book, 7 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 tradeXYZ live order book, 8 min ago | 0.06 bp | 9.2 bp −$9 | 9.3 bp −$93 | 10.0 bp −$998 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.32 bp | 0.3 bp $0 | 0.9 bp −$9 | 4.1 bp −$410 | 130.4 bp −$65.2K |
SP500 on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps SP500-USD | −0.0059% | 1h | 7,768.7 | −0.001% | $9.2M | $5.3M | 50x | as long as short |
| QFEX US500-USD | −0.0052% | 1h | 7,770.2 | +0.018% | $9.9M | $3.4M | 30x | as long as short |
| Extended SPX500m-USD | −0.0024% | 1h | 7,769 | +0.002% | $3.2M | $10.0M | 25x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,770.5 | +0.022% | $131K | $241K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,765.2 | −0.046% | $7.2M | $527K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,744.5 | −0.312% | $17.5M | $6.1M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,769.1 | +0.003% | $13K | $104K | 10x | as long as short |
| tradeXYZ xyz:SP500long | +0.0028% | 1h | 7,768.8 | long leg | $424.3M | $237.6M | 50x | |
| Lighter US500short | +0.0032% | 1h | 7,765.6 | −0.041% | $2.0M | $29.5M | 50x | |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,658 | −1.426% | $7K | $101 | 52x | as long as short |
Polymarket Perps SP500-USD
QFEX US500-USD
Extended SPX500m-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Injective US500/USDC PERPShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,741.8 | −0.348% | $1.4M | $8.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,836.9 | +0.876% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,771.3 | +0.032% | $625K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,769.6 | +0.010% | $43K | — | 5x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.2 | −0.021% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.4 | +0.008% | $9.5M | $8.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,769.9 | +0.014% | $259K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0320% | 1h | 7,763.1 | −0.073% | $446 | $30K | 10x | as long as short |
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD