Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%
Price spread now: Lighter against Extended+0.050%7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1031.029% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.050%, 7d avg +0.146%
=Together, before fees+0.126%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$13 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 0.096% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.146%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX-USD | 0.5014 | 0.0104 | pay 0.0013% / 1h | 18m 37s | $33K | $247K | 10x |
| Short | Lighter SPX | 0.5016 | 0.0096 | get 0.0012% / 1h | 18m 37s | $135K | $357K | 5x |
Extended SPX-USD
Lighter SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.050% → +0.146%
- −$9.57
- Slippage, 4 orders
- −$97.94
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$114.19
- Costs to cover
- 1.029%
- Break-even
- never at this rate
Slippage from Extended: live order book, 38 min ago; Lighter: live order book, 31 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 Extended live order book, 38 min ago | 3.29 bp | 25.7 bp −$26 | 199.0 bp −$1,990 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 31 min ago | 22.24 bp | 22.3 bp −$22 | 79.3 bp −$793 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −0.692% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXshort | +0.0096% | 1h | 0.5016 | +0.050% | $135K | $357K | 5x | |
| Hyperliquid SPX | +0.0100% | 1h | 0.5019 | +0.098% | $10.2M | $7.5M | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5014 | +0.007% | $5.0M | $21.4M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5005 | −0.173% | $11.3M | $16.3M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5009 | −0.093% | $931K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5010 | −0.073% | $999K | $563K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5012 | −0.033% | $11.7M | $4.9M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5012 | −0.033% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5014 | +0.007% | $2.6M | $1.4M | 50x | as long as short |
Injective SPX/USDC PERP
Hyperliquid SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5014 | +0.007% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5009 | −0.092% | $844K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5017 | +0.066% | $25K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5012 | −0.033% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USDlong | +0.0104% | 1h | 0.5014 | long leg | $33K | $247K | 10x | |
| Aster SPXUSDT | +0.0142% | 4h | 0.5015 | +0.030% | $134K | $122K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0164% | 4h | 0.5024 | +0.206% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5021 | +0.146% | $247K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1283% | 1h | 0.5029 | +0.315% | $245K | $550K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Aster SPXUSDT
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD