Funding you earn now, next payment 10:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against Extended+0.282%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1191.186% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.282%, 7d avg +0.144%
=Together, before fees−0.039%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.138% dearer against Extended than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.144%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX-USD | 0.5278 | 0.0104 | pay 0.0013% / 1h | 55m 35s | $45K | $314K | 10x |
| Short | Lighter SPX | 0.5293 | 0.0096 | get 0.0012% / 1h | 55m 35s | $145K | $398K | 5x |
Extended SPX-USD
Lighter SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.282% → +0.144%
- $13.78
- Slippage, 4 orders
- −$113.59
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$106.5
- Costs to cover
- 1.186%
- Break-even
- never at this rate
Slippage from Extended: live order book, 37 min ago; Lighter: live order book, 29 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 Extended live order book, 37 min ago | 3.34 bp | 32.6 bp −$33 | 224.1 bp −$2,241 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 29 min ago | 28.66 bp | 28.7 bp −$29 | 64.9 bp −$649 | doesn't fit | doesn't fit |
SPX on 19 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 SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −5.672% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0066% | 4h | 0.5288 | +0.190% | $972K | $1.6M | — | as long as short |
| Lighter SPXshort | +0.0096% | 1h | 0.5293 | +0.282% | $145K | $398K | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.5295 | +0.317% | $141K | $94K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5286 | +0.144% | $5.5M | $24.2M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5282 | +0.068% | $12.4M | $18.2M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5271 | −0.140% | $1.0M | $3.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5289 | +0.201% | $1.1M | $644K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5290 | +0.219% | $11.5M | $5.0M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5291 | +0.238% | $3.8M | $5.5M | 50x | as long as short |
Injective SPX/USDC PERP
Variational Omni SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5279 | +0.011% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5285 | +0.125% | — | $7.0M | — | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5289 | +0.201% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USDlong | +0.0104% | 1h | 0.5278 | long leg | $45K | $314K | 10x | |
| Orderly PERP_SPX_USDC | +0.0146% | 4h | 0.5310 | +0.598% | $21K | $511 | 10x | as long as short |
| ApeX Omni SPXUSDT | +0.0209% | 1h | 0.5353 | +1.413% | $28K | $249K | 25x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5363 | +1.602% | $260K | $1.0M | 75x | as long as short |
| Hyperliquid SPX | +0.1480% | 1h | 0.5292 | +0.257% | $11.1M | $9.2M | 5x | as long as short |
| Kraken Futures PF_SPXUSD | +0.2131% | 1h | 0.5313 | +0.657% | $274K | $555K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
SunX SPX-USDT
Orderly PERP_SPX_USDC
ApeX Omni SPXUSDT
BloFin SPX-USDT
Hyperliquid SPX
Kraken Futures PF_SPXUSD