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 15:00 UTC+0.0018%/8h
next payment, per $10,000+$0.02paid, last 24h+0.006%paid, last 3 days+0.284%to open and close $10k−$36
Long on LighterShort on SoDEX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter US5007,722.70.0032pay 0.0004% / 1h22m 11s$5.0M$16.7M50x
ShortSoDEX US500-USD7,721.90.0050get 0.0006% / 1h22m 11s$1.0M$46K20x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$3.78
Slippage, 4 orders
−$27.81
Fee Lighter: 0 bp × 2 orders
$0
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$32.03
Break-even
66.3 days
Slippage from Lighter: live order book, 8 min ago; SoDEX: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.010%
Avg gap 7d
+0.024%
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, 8 min ago0.19 bp0.2 bp $01.2 bp −$127.6 bp −$755163.8 bp −$81.9K
Sell SoDEX live order book, 3 min ago0.19 bp18.0 bp −$1848.1 bp −$481doesn'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$125K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$150K$269K20xas long as short
Bitget SP500USDT0.0000%8h$7.3M$600K50xas long as short
Bullet US500-USD0.0000%1h$13K$107K10xas long as short
QFEX US500-USD+0.0008%1h$11.7M$3.0M30xas long as short
Lighter US500long+0.0032%1h$5.0M$16.7M50x
Extended SPX500m-USD+0.0032%1h$3.3M$13.1M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.8M$6.6M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$1.8M50xas long as short
Popdex US500USDT+0.0048%1h$570K$185K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$42K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$433.8M$204.6M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.6M50xas long as short
SoDEX US500-USDshort+0.0050%1h$1.0M$46K20x
Ondo Perps US500-USD.P+0.0050%1h$9.6M$5.1M25xas long as short
Pacifica SP500+0.0100%1h$268K$101K20xas long as short
Variational Omni US500+0.0144%8h$17.5M$11.9M—as long as short
Aftermath Perps US500USD+0.0376%1h$457$12K10xas long as short