Funding you earn now, next payment 07:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter against Vest−0.870%7-day average −0.970% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.276%−$28 on $10k
+Price spread, last 7 days−0.080%−$8 · spread now −0.870%, 7d avg −0.970%
=Together, before fees−0.356%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.100% dearer against Vest than usual: you sell high and buy low (spread −0.870% now, against its 7-day average of −0.970%): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 3 days (−0.276% in total) that is about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPX-USD-PERP | 7,836.3 | 0.0046 | pay 0.0006% / 1h | 23m 32s | — | $4.3M | 50x |
| Short | Lighter US500 | 7,768.1 | 0.0032 | get 0.0004% / 1h | 23m 32s | $2.0M | $28.5M | 50x |
Vest SPX-USD-PERP
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Vest. 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
- −$2.87
- Price spread: −0.870% → −0.970%
- $10
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $5.12
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.26 bp | 0.4 bp $0 | 0.7 bp −$7 | 4.4 bp −$438 | 139.7 bp −$69.8K |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −2.190% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,768.6 | −0.863% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.6 | −0.902% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.1 | −0.844% | $7.2M | $771K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.2 | −1.200% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.2 | −0.868% | $13K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,768.1 | −0.870% | $2.0M | $28.5M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,770.8 | −0.835% | $3.2M | $14.3M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.6 | −1.233% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERPlong | +0.0046% | 1h | 7,836.3 | long leg | — | $4.3M | 50x |
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:US500Show 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 | −0.840% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,768.3 | −0.867% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.7 | −0.862% | $432.1M | $234.3M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766 | −0.896% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768.3 | −0.867% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,770.9 | −0.833% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.9 | −0.859% | $261K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0332% | 1h | 7,768.1 | −0.870% | $530 | $28K | 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