SP500

Alert

Funding spread now, next payment 15:00 UTC+0.0014%/8h

next payment, per $10,000+$0.02paid, last 24h+0.005%paid, last 3 days+0.281%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter US500	7,720.9	0.0032	pay 0.0004% / 1h	22m 26s	$5.0M	$16.7M	50x
Short	Vest SPX-USD-PERP	7,790.6	0.0046	get 0.0006% / 1h	22m 26s	—	$1.8M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee VestbpOrdersRate

Funding earned: $2.87
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $0.87
Break-even: 4.9 days

Slippage unknown: Lighter: live order book, 8 min ago; Vest: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.903%
Avg gap 7d: +0.977%

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, 8 min ago	0.19 bp	0.2 bp $0	1.2 bp −$12	7.6 bp −$755	163.8 bp −$81.9K
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	$125K	52x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	$150K	$269K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	$7.3M	$600K	50x	as long as short
Bullet US500-USD	0.0000%	1h	$13K	$107K	10x	as long as short
QFEX US500-USD	+0.0008%	1h	$11.7M	$3.0M	30x	as long as short
Lighter US500long	+0.0032%	1h	$5.0M	$16.7M	50x
Extended SPX500m-USD	+0.0032%	1h	$3.3M	$13.1M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	$1.8M	$6.6M	25x	as long as short
Vest SPX-USD-PERPshort	+0.0046%	1h	—	$1.8M	50x
Popdex US500USDT	+0.0048%	1h	$570K	$185K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex US500-USD-PERP	+0.0050%	8h	$42K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	$433.8M	$204.6M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	$7.6M	$1.6M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	$1.0M	$46K	20x	as long as short
Ondo Perps US500-USD.P	+0.0050%	1h	$9.6M	$5.1M	25x	as long as short
Pacifica SP500	+0.0100%	1h	$268K	$101K	20x	as long as short
Variational Omni US500	+0.0144%	8h	$17.5M	$11.9M	—	as long as short
Aftermath Perps US500USD	+0.0376%	1h	$457	$12K	10x	as long as short