Funding you earn now, next payment 05:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against QFEX−0.015%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Funding, last 4 days (all we have)−0.238%−$24 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.015%, 7d avg −0.020%
=Together, before fees−0.241%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.238%, 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 | QFEX US500-USD | 7,766.5 | −0.0030 | get 0.0004% / 1h | 3m 02s | $11.9M | $3.2M | 30x |
| Short | Lighter US500 | 7,765.3 | 0.0032 | get 0.0004% / 1h | 3m 02s | $2.1M | $28.7M | 50x |
QFEX US500-USD
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- $13.04
- Price spread: −0.015% → −0.020%
- $0.47
- Slippage, 4 orders
- −$5.55
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$2.04
- Costs to cover
- 0.156%
- Break-even
- 8.1 days
Slippage from QFEX: live order book, 6 min ago; Lighter: live order book, 6 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 QFEX live order book, 6 min ago | 1.93 bp | 8.2 bp −$8 | 12.9 bp −$129 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 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 | −1.302% | $7K | $108 | 52x | as long as short |
| QFEX US500-USDlong | −0.0030% | 1h | 7,766.5 | long leg | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.8 | +0.030% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,768.6 | +0.027% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.5 | −0.335% | $17.6M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.3 | −0.002% | $13K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,765.3 | −0.015% | $2.1M | $28.7M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.5 | +0.012% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.361% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.6 | +0.851% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
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 | 7,768.3 | +0.023% | $584K | $486K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.8 | −0.022% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.8 | +0.004% | $431.5M | $236.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.6 | −0.012% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.7 | +0.003% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.9 | +0.018% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.1 | +0.007% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0223% | 1h | 7,764.9 | −0.021% | $473 | $26K | 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