Funding you earn now, next payment 23:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.063%
Price spread now: Lighter against BloFin−0.348%90s7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$840.842% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 3 days (all we have)+0.584%+$58 · spread now −0.348%, 7d avg +0.039%
=Together, before fees+0.248%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.388% cheaper against BloFin than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPX-USDT | 0.5079 | 0.0340 | pay 0.0170% / 4h | 1h 49m | $252K | $939K | 75x |
| Short | Lighter SPX | 0.5061 | 0.0096 | get 0.0012% / 1h | 49m 32s | $116K | $319K | 5x |
BloFin SPX-USDT
Lighter SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$51.24
- Price spread: −0.348% → +0.039%
- −$38.8
- Slippage, 4 orders
- −$72.21
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$174.25
- Costs to cover
- 0.842%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 32 min ago; Lighter: live order book, 25 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 BloFin live order book, 32 min ago | 0.99 bp | 15.8 bp −$16 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 25 min ago | 22.14 bp | 22.1 bp −$22 | 80.5 bp −$805 | doesn't fit | doesn't fit |
SPX on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.1238% | 1h | 0.5061 | −0.347% | $234K | $559K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.969% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXshort | +0.0096% | 1h | 0.5061 | −0.348% | $116K | $319K | 5x | |
| Variational Omni SPX | +0.0098% | 4h | 0.5079 | +0.001% | $889K | $1.3M | — | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5057 | −0.435% | $9.8M | $7.3M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5071 | −0.153% | $127K | $102K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5053 | −0.512% | $5.1M | $19.9M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5045 | −0.669% | $11.7M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5045 | −0.669% | $975K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5062 | −0.335% | $1.0M | $475K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Variational Omni SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5056 | −0.453% | $11.4M | $4.6M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5061 | −0.354% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5053 | −0.512% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5048 | −0.610% | — | $6.9M | — | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5070 | −0.177% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5057 | −0.433% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5053 | −0.517% | $35K | $227K | 10x | as long as short |
| ApeX Omni SPXUSDT | +0.0338% | 1h | 0.5057 | −0.433% | $45K | $248K | 25x | as long as short |
| BloFin SPX-USDTlong | +0.0340% | 4h | 0.5079 | long leg | $252K | $939K | 75x |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
ApeX Omni SPXUSDT