Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%
Price spread now: Lighter against Paradex+0.008%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex US500-USD-PERP | 7,763.8 | 0.0050 | pay 0.0050% / 8h | 4h 08m | $43K | — | 5x |
| Short | Lighter US500 | 7,764.4 | 0.0032 | get 0.0004% / 1h | 8m 30s | $2.1M | $28.9M | 50x |
Paradex US500-USD-PERP
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paradex. 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
- −$3.78
- Price spread: +0.008% → 0.000%
- $0.77
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$7.01
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
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 Paradex no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.06 bp | 0.4 bp $0 | 0.7 bp −$7 | 3.8 bp −$385 | 139.0 bp −$69.5K |
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: 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 | 7,665.2 | −1.270% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0029% | 1h | 7,765.9 | +0.027% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,764.9 | +0.014% | $151K | $224K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.2 | +0.095% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.9 | −0.295% | $17.5M | $9.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.5 | +0.022% | $12K | $106K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,764.4 | +0.008% | $2.1M | $28.9M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.4 | +0.033% | $3.2M | $15.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.7 | −0.336% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.5 | +0.872% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
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 | +0.054% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERPlong | +0.0050% | 8h | 7,763.8 | long leg | $43K | — | 5x | |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.7 | +0.024% | $431.7M | $239.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.6 | +0.010% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.7 | +0.024% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.2 | +0.044% | $9.5M | $7.6M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.6 | +0.036% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0229% | 1h | 7,764.9 | +0.014% | $470 | $25K | 10x | as long as short |
Popdex US500USDT
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD