Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: Lighter against Orderly−0.225%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.225% cheaper against Orderly than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPX_USDC | 0.4983 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $20K | $711 | 10x |
| Short | Lighter SPX | 0.4972 | 0.0096 | get 0.0012% / 1h | 7m 26s | $114K | $319K | 5x |
Orderly PERP_SPX_USDC
Lighter SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- −$0.84
- Price spread: −0.225% → 0.000%
- −$22.48
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.32
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 2 min ago | 25.58 bp | 25.6 bp −$26 | 80.0 bp −$800 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1263% | 1h | 0.4965 | −0.371% | $231K | $555K | 20x | as long as short |
| Variational Omni SPX | −0.0007% | 4h | 0.4983 | −0.003% | $840K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −0.080% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXshort | +0.0096% | 1h | 0.4972 | −0.225% | $114K | $319K | 5x | |
| Hyperliquid SPX | +0.0100% | 1h | 0.4976 | −0.130% | $9.6M | $7.5M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.4975 | −0.156% | $125K | $107K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.4973 | −0.196% | $4.9M | $20.7M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.4973 | −0.201% | $11.5M | $15.8M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.4971 | −0.241% | $971K | $2.7M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.4974 | −0.181% | $1.0M | $494K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Variational Omni SPX
Injective SPX/USDC PERP
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 | 0.4976 | −0.140% | $11.2M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.4975 | −0.161% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.4977 | −0.120% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.4973 | −0.201% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.4963 | −0.401% | $45K | $247K | 25x | as long as short |
| Orderly PERP_SPX_USDClong | +0.0100% | 4h | 0.4983 | long leg | $20K | $711 | 10x | |
| SunX SPX-USDT | +0.0100% | 4h | 0.4962 | −0.421% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.4969 | −0.271% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.4957 | −0.522% | $250K | $939K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT