Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against OKX−0.046%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 7 days−0.893%−$89 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.046%, 7d avg −0.100%
=Together, before fees−1.027%+ Points / potential airdropLighter: Season 3 · farm board−$103 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.053% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.100%. Mind the row above: over the last 7 days funding on this pair cost −0.893%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,768.8 | 0 | get 0.0000% / 8h | 3h 04m | $141K | $231K | 20x |
| Short | Lighter US500 | 7,765.2 | 0.0032 | get 0.0004% / 1h | 4m 20s | $2.1M | $28.7M | 50x |
OKX US500-USDT-SWAP
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.72
- Price spread: −0.046% → −0.100%
- $5.32
- Slippage, 4 orders
- −$8.84
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.81
- Costs to cover
- 0.188%
- Break-even
- 14.1 days
Slippage from OKX: live order book, 46 min ago; Lighter: live order book, 4 min ago.
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 OKX live order book, 46 min ago | 1.03 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.19 bp | 0.2 bp $0 | 0.6 bp −$6 | 3.6 bp −$358 | 139.0 bp −$69.5K |
SP500 on 18 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,665.4 | −1.331% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,766.8 | −0.026% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,768.8 | long leg | $141K | $231K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,768.8 | 0.000% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.5 | −0.364% | $17.6M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.7 | −0.027% | $13K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,765.2 | −0.046% | $2.1M | $28.7M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.4 | −0.018% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.3 | −0.393% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.8 | +0.823% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,768.2 | −0.008% | $584K | $486K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.8 | −0.051% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.8 | −0.026% | $431.5M | $236.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | −0.039% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.5 | −0.030% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.5 | −0.017% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.8 | −0.026% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0222% | 1h | 7,764.9 | −0.050% | $596 | $25K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD