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 14:00 UTC+0.0068%/8h
next payment, per $10,000+$0.09paid, last 24h+0.021%paid, last 7 days+0.489%to open and close $10k−$21
Long on LighterShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter US5007,690.80.0032pay 0.0004% / 1h29m 38s$5.4M$13.6M50x
ShortPacifica SP5007,6940.0100get 0.0013% / 1h29m 38s$269K$98K20x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$14.28
Slippage, 4 orders
−$13.26
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$6.98
Break-even
10.4 days
Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 30 min ago.

Price risk

price view
Price gap now
+0.041%
Avg gap 7d
+0.033%
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, 5 min ago0.39 bp0.4 bp $00.7 bp −$73.8 bp −$378126.3 bp −$63.1K
Sell Pacifica live order book, 30 min ago1.82 bp11.1 bp −$11doesn'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$7K$206K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$132K$115K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$499K50xas long as short
Bullet US500-USD0.0000%1h$12K$109K10xas long as short
tradeXYZ xyz:SP500+0.0008%1h$440.0M$156.7M50xas long as short
QFEX US500-USD+0.0014%1h$9.7M$1.9M30xas long as short
Lighter US500long+0.0032%1h$5.4M$13.6M50x
Extended SPX500m-USD+0.0032%1h$3.3M$13.1M25xas long as short
Polymarket Perps SP500-USD+0.0044%1h$7.6M$1.6M50xas long as short
Vest SPX-USD-PERP+0.0046%1h—$367K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Popdex US500USDT+0.0048%1h$571K$175K20xas long as short
Paradex US500-USD-PERP+0.0050%8h$42K—5xas long as short
SoDEX US500-USD+0.0050%1h$1.0M$46K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.4M$3.7M25xas long as short
Pacifica SP500short+0.0100%1h$269K$98K20x
Markets by Kinetiq mkts:US500+0.0119%1h$2.1M$6.0M25xas long as short
Variational Omni US500+0.0172%8h$17.9M$11.5M—as long as short
Aftermath Perps US500USD+0.0505%1h$504$10K10xas long as short