data as of
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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 13:00 UTC+0.0098%/8h
next payment, per $10,000+$0.12paid, last 24h+0.027%paid, last 7 days+0.382%to open and close $10k−$5
Long on LighterShort on Markets by Kinetiq
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter US5007,694.80.0032pay 0.0004% / 1h29m 12s$5.4M$13.1M50x
ShortMarkets by Kinetiq mkts:US5007,668.50.0130get 0.0016% / 1h29m 12s$2.0M$6.1M25x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$20.6
Slippage, 4 orders
−$3.48
Fee Lighter: 0 bp × 2 orders
$0
Fee Markets by Kinetiq: 0.81 bp × 2 orders
−$1.62
Net
$15.5
Break-even
1.7 days
Slippage from Lighter: live order book, 6 min ago; Markets by Kinetiq: live order book, 8 min ago.

Price risk

price view
Price gap now
−0.342%
Avg gap 7d
−0.190%
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 Lighter live order book, 6 min ago0.39 bp0.5 bp −$11.2 bp −$124.9 bp −$492127.8 bp −$63.9K
Sell Markets by Kinetiq live order book, 8 min ago0.39 bp2.4 bp −$2doesn't fitdoesn't fitdoesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$206K52xas long as short
Extended SPX500m-USD−0.0032%1h$3.2M$13.1M25xas long as short
OKX US500-USDT-SWAP0.0000%8h$132K$132K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$499K50xas long as short
Bullet US500-USD0.0000%1h$13K$109K10xas long as short
QFEX US500-USD+0.0014%1h$9.7M$2.0M30xas long as short
tradeXYZ xyz:SP500+0.0023%1h$440.1M$147.8M50xas long as short
Lighter US500long+0.0032%1h$5.4M$13.1M50x
Vest SPX-USD-PERP+0.0046%1h—$307K50xas long as short
Popdex US500USDT+0.0048%1h$572K$173K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$42K—5xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.7M50xas long as short
SoDEX US500-USD+0.0050%1h$1.0M$45K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.4M$3.3M25xas long as short
Pacifica SP500+0.0100%1h$269K$97K20xas long as short
Markets by Kinetiq mkts:US500short+0.0130%1h$2.0M$6.1M25x
Variational Omni US500+0.0144%8h$18.2M$11.4M—as long as short
Aftermath Perps US500USD+0.0458%1h$351$9K10xas long as short