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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 19:00 UTC−0.0024%/8h
next payment, per $10,000−$0.03paid, last 24h−0.006%paid, last 3 days+0.245%to open and close $10k−$15
Long on LighterShort on QFEX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter US5007,773.20.0032pay 0.0004% / 1h6m 14s$2.8M$26.5M50x
ShortQFEX US500-USD7,774.50.0008get 0.0001% / 1h6m 14s$11.7M$3.1M30x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$5.02
Slippage, 4 orders
−$4.62
Fee Lighter: 0 bp × 2 orders
$0
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$19.64
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; QFEX: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.017%
Avg gap 7d
+0.020%
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, 4 min ago0.06 bp0.5 bp −$10.9 bp −$94.2 bp −$416121.1 bp −$60.6K
Sell QFEX live order book, 4 min ago1.48 bp6.6 bp −$79.6 bp −$96doesn'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$10452xas long as short
OKX US500-USDT-SWAP0.0000%8h$153K$299K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$732K50xas long as short
Variational Omni US5000.0000%8h$17.6M$11.4M—as long as short
Bullet US500-USD0.0000%1h$14K$109K10xas long as short
QFEX US500-USDshort+0.0008%1h$11.7M$3.1M30x
Lighter US500long+0.0032%1h$2.8M$26.5M50x
Extended SPX500m-USD+0.0032%1h$3.2M$15.3M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.4M$7.9M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.6M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Popdex US500USDT+0.0048%1h$545K$220K20xas long as short
Paradex US500-USD-PERP+0.0050%8h$43K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$438.1M$257.8M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.5M50xas long as short
SoDEX US500-USD+0.0050%1h$1.1M$85K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$5.8M25xas long as short
Pacifica SP500+0.0100%1h$267K$164K20xas long as short
Aftermath Perps US500USD+0.0310%1h$500$17K10xas long as short