SP500

Alert

Funding spread now, next payment 14:00 UTC+0.0018%/8h

paid, last 24h+0.006%paid, last 3 days+0.289%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter US500	7,692	0.0032	pay 0.0004% / 1h	26m 02s	$5.4M	$13.7M	50x
Short	Paradex US500-USD-PERP	7,692	0.0050	get 0.0050% / 8h	2h 26m	$42K	—	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ParadexbpOrdersRate

Funding earned: $3.78
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.22
Break-even: 7.4 days

Slippage unknown: Lighter: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.001%
Avg gap 7d: —

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, 4 min ago	0.52 bp	0.5 bp −$1	0.9 bp −$9	12.0 bp −$1,201	167.4 bp −$83.7K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 PERP	−0.0220%	1h	$7K	$206K	52x	as long as short
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	+0.0011%	1h	$442.1M	$160.2M	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	$13.7M	50x
Extended SPX500m-USD	+0.0032%	1h	$3.3M	$13.1M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	—	$519K	50x	as long as short
Popdex US500USDT	+0.0048%	1h	$571K	$175K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps SP500-USD	+0.0050%	1h	$7.6M	$1.6M	50x	as long as short
Paradex US500-USD-PERPshort	+0.0050%	8h	$42K	—	5x
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	+0.0114%	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	+0.0506%	1h	$350	$10K	10x	as long as short