SP500

Alert

Funding spread now, next payment 14:00 UTC−0.0252%/8h

next payment, per $10,000−$0.32paid, last 24h−0.075%paid, last 7 days+0.278%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter US500	7,689.5	0.0032	pay 0.0004% / 1h	27m 33s	$5.4M	$13.6M	50x
Short	Injective US500/USDC PERP	7,595.9	−0.0220	pay 0.0028% / 1h	27m 33s	$7K	$206K	52x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee InjectivebpOrdersRate

Funding earned: −$52.92
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$52.94
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 8 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −1.217%
Avg gap 7d: −4.139%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 8 min ago	0.39 bp	0.4 bp $0	0.7 bp −$7	3.8 bp −$378	126.3 bp −$63.1K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

SP500 on 18 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective US500/USDC PERPshort	−0.0220%	1h	$7K	$206K	52x
OKX US500-USDT-SWAP	0.0000%	8h	$132K	$119K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	$7.2M	$499K	50x	as long as short
Bullet US500-USD	0.0000%	1h	$12K	$108K	10x	as long as short
tradeXYZ xyz:SP500	+0.0009%	1h	$441.6M	$159.3M	50x	as long as short
QFEX US500-USD	+0.0014%	1h	$9.7M	$1.9M	30x	as long as short
Lighter US500long	+0.0032%	1h	$5.4M	$13.6M	50x
Extended SPX500m-USD	+0.0032%	1h	$3.3M	$13.1M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	—	$403K	50x	as long as short
Polymarket Perps SP500-USD	+0.0046%	1h	$7.6M	$1.6M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex US500USDT	+0.0048%	1h	$571K	$175K	20x	as long as short
Paradex US500-USD-PERP	+0.0050%	8h	$42K	—	5x	as long as short
SoDEX US500-USD	+0.0050%	1h	$1.0M	$46K	20x	as long as short
Ondo Perps US500-USD.P	+0.0050%	1h	$9.4M	$3.7M	25x	as long as short
Pacifica SP500	+0.0100%	1h	$269K	$98K	20x	as long as short
Markets by Kinetiq mkts:US500	+0.0115%	1h	$2.1M	$6.1M	25x	as long as short
Variational Omni US500	+0.0172%	8h	$17.9M	$11.5M	—	as long as short
Aftermath Perps US500USD	+0.0504%	1h	$504	$10K	10x	as long as short