SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: Bybit against Lighter−0.196%7-day average −0.188% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$900.897% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.196%, 7d avg −0.188%

Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPX	0.5106	0.0096	pay 0.0012% / 1h	28m 12s	$125K	$374K	5x
Short	Bybit SPXUSDT	0.5096	0.0100	get 0.0050% / 4h	1h 28m	$12.0M	$17.6M	50x

Funding history

latest

Range statsloading…

Bybit against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee LighterbpFee BybitbpOrdersPrice spread, now −0.196%Rate

Slippage from Lighter: live order book, 9 min ago; Bybit: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 9 min ago	23.93 bp	23.9 bp −$24	79.5 bp −$795	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.98 bp	21.1 bp −$21	63.3 bp −$633	doesn't fit	doesn't fit

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	−2.487%	$9	$4K	5.5x	as long as short
Lighter SPXlong	+0.0096%	1h	0.5106	long leg	$125K	$374K	5x
Variational Omni SPX	+0.0100%	4h	0.5092	−0.268%	$945K	$1.7M	—	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5096	−0.195%	$136K	$101K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5106	+0.008%	$5.3M	$23.7M	75x	as long as short
Bybit SPXUSDTshort	+0.0100%	4h	0.5096	−0.196%	$12.0M	$17.6M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5096	−0.196%	$983K	$3.4M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5099	−0.137%	$1.0M	$687K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5106	0.000%	$10.8M	$5.0M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5102	−0.078%	$3.7M	$5.5M	50x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5101	−0.098%	$2.6M	$1.3M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5102	−0.078%	—	$7.0M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5104	−0.039%	$26K	$249K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5097	−0.176%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5101	−0.102%	$43K	$321K	10x	as long as short
Hyperliquid SPX	+0.0139%	1h	0.5112	+0.116%	$10.7M	$8.8M	5x	as long as short
Orderly PERP_SPX_USDC	+0.0141%	4h	0.5111	+0.098%	$20K	$511	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5105	−0.020%	$262K	$954K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.2489%	1h	0.5113	+0.135%	$276K	$546K	20x	as long as short