SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.017%

Price spread now: KuCoin against Lighter−0.102%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2092.089% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.102%, 7d avg −0.103%

Together, before fees−0.028%+ 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	0.5108	0.0096	pay 0.0012% / 1h	46m 05s	$139K	$380K	5x
Short	KuCoin SPXUSDTM	0.5103	0.0100	get 0.0050% / 4h	2h 46m	$3.7M	$5.4M	50x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

click an exchange to add or hide it

latest

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

Position, each leg$Hold fordaysFee LighterbpFee KuCoinbpOrdersPrice spread, now −0.102%Rate

Slippage from Lighter: live order book, 58 min ago; KuCoin: live order book, 7 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, 58 min ago	27.83 bp	27.8 bp −$28	67.8 bp −$678	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	4.88 bp	54.9 bp −$55	279.2 bp −$2,792	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	−2.529%	$9	$4K	5.5x	as long as short
Lighter SPXlong	+0.0096%	1h	0.5108	long leg	$139K	$380K	5x
Hyperliquid SPX	+0.0100%	1h	0.5105	−0.069%	$10.4M	$7.9M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5109	+0.008%	$136K	$130K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5105	−0.066%	$5.1M	$22.4M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5094	−0.278%	$11.6M	$17.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5098	−0.200%	$931K	$3.1M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5100	−0.161%	$1.0M	$597K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5105	−0.063%	$11.8M	$5.1M	100x	as long as short
KuCoin SPXUSDTMshort	+0.0100%	4h	0.5103	−0.102%	$3.7M	$5.4M	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5106	−0.043%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5098	−0.200%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5096	−0.247%	$938K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5123	+0.290%	$26K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5096	−0.239%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5102	−0.129%	$34K	$253K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0192%	4h	0.5110	+0.035%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5105	−0.063%	$252K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1438%	1h	0.5112	+0.071%	$250K	$545K	20x	as long as short