data as of
Settings8H · net · $10k
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Funding arb /

SP500

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0014%/8h
next payment, per $10,000−$0.02paid, last 24h−0.028%paid, last 7 days−0.381%to open and close $10k−$6
Long on Markets by KinetiqShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMarkets by Kinetiq mkts:US5007,693.30.0046pay 0.0006% / 1h18m 09s$1.8M$6.6M25x
ShortLighter US5007,720.50.0032get 0.0004% / 1h18m 09s$4.8M$17.1M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$2.87
Slippage, 4 orders
−$4.45
Fee Markets by Kinetiq: 0.81 bp × 2 orders
−$1.62
Fee Lighter: 0 bp × 2 orders
$0
Net
−$8.94
Break-even
never at this rate
Slippage from Markets by Kinetiq: live order book, 10 min ago; Lighter: live order book, 7 min ago.

Price risk

price view
Price gap now
+0.354%
Avg gap 7d
+0.193%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Markets by Kinetiq live order book, 10 min ago0.26 bp2.9 bp −$3doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago0.71 bp0.8 bp −$10.9 bp −$93.9 bp −$395137.8 bp −$68.9K

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$7K$125K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$154K$273K20xas long as short
Bitget SP500USDT0.0000%8h$7.3M$600K50xas long as short
Bullet US500-USD0.0000%1h$12K$108K10xas long as short
QFEX US500-USD+0.0008%1h$11.7M$3.0M30xas long as short
Lighter US500short+0.0032%1h$4.8M$17.1M50x
Extended SPX500m-USD+0.0032%1h$3.3M$13.2M25xas long as short
Markets by Kinetiq mkts:US500long+0.0046%1h$1.8M$6.6M25x
Vest SPX-USD-PERP+0.0046%1h—$1.9M50xas long as short
Popdex US500USDT+0.0048%1h$570K$185K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$42K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$432.5M$207.3M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.6M50xas long as short
SoDEX US500-USD+0.0050%1h$1.0M$46K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$5.1M25xas long as short
Pacifica SP500+0.0100%1h$263K$113K20xas long as short
Variational Omni US500+0.0142%8h$17.5M$11.9M—as long as short
Aftermath Perps US500USD+0.0379%1h$496$12K10xas long as short