Funding you earn now, next payment 06:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Extended against Lighter−0.027%7-day average −0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1211.215% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.027%, 7d avg −0.144%
=Together, before fees−0.104%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$10 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: Extended is 0.117% dearer against Lighter than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.144%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPX | 0.5065 | 0.0096 | pay 0.0012% / 1h | 29m 40s | $138K | $380K | 5x |
| Short | Extended SPX-USD | 0.5064 | 0.0104 | get 0.0013% / 1h | 29m 40s | $33K | $257K | 10x |
Lighter SPX
Extended SPX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Lighter. 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: −0.027% → −0.144%
- $11.73
- Slippage, 4 orders
- −$116.48
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$108.07
- Costs to cover
- 1.215%
- Break-even
- 457.3 days
Slippage from Lighter: live order book, 10 min ago; Extended: live order book, 17 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 Lighter live order book, 10 min ago | 26.94 bp | 27.0 bp −$27 | 83.4 bp −$834 | doesn't fit | doesn't fit |
| Sell Extended live order book, 17 min ago | 3.53 bp | 25.5 bp −$26 | 196.9 bp −$1,969 | 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 | −1.698% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXlong | +0.0096% | 1h | 0.5065 | long leg | $138K | $380K | 5x | |
| Hyperliquid SPX | +0.0100% | 1h | 0.5067 | +0.030% | $10.3M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5066 | +0.012% | $135K | $130K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5064 | −0.011% | $5.0M | $22.4M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5055 | −0.197% | $11.5M | $17.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5056 | −0.178% | $930K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5057 | −0.158% | $1.0M | $600K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5063 | −0.039% | $11.9M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5064 | −0.020% | $3.7M | $5.4M | 50x | as long as short |
Injective SPX/USDC PERP
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5065 | 0.000% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5060 | −0.099% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5046 | −0.371% | $930K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5046 | −0.375% | $26K | $255K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5054 | −0.217% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USDshort | +0.0104% | 1h | 0.5064 | −0.027% | $33K | $257K | 10x | |
| Orderly PERP_SPX_USDC | +0.0168% | 4h | 0.5067 | +0.039% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5059 | −0.118% | $249K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1449% | 1h | 0.5072 | +0.138% | $248K | $544K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD