After costs, if the gap returns to its 7d average, $10k−$73
spread now−0.019%7d average−0.066%fees + slippage, in and out−$78spread needed0.780%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SPX | 0.5138 | 0.1017 | pay 0.0127% / 1h | 13m 54s | $10.3M | $6.5M | 5x |
| Short | Lighter SPX | 0.5137 | 0.0096 | get 0.0012% / 1h | 13m 54s | $118K | $299K | 5x |
Hyperliquid SPX
Lighter SPXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.95
- Funding while held
- −$27.62
- Slippage, 4 orders
- −$68.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$107.56
- Spread needed to break even
- 0.780%
Slippage from Hyperliquid: live order book, 10 min ago; Lighter: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0921%
- Per $10,000 a day
- −$27.62
- Average in range /8h
- —
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 Hyperliquid live order book, 10 min ago | 2.25 bp | 17.3 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 12.72 bp | 32.9 bp −$33 | 80.1 bp −$801 | doesn't fit | doesn't fit |
SPX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.4979cheapestApeX Omni0.5114+2.711%SunX0.5123+2.892%Bybit0.5125+2.932%BloFin0.5126+2.952%OKX0.5128+2.993%BingX0.5128+2.993%KuCoin0.5129+3.013%Gate0.5130+3.033%MEXC0.5130+3.033%Binance0.5131+3.056%Extended0.5131+3.060%Variational Omni0.5132+3.077%Bitget0.5135+3.133%
Injective
ApeX Omni
SunX
Bybit
BloFin
OKX
BingX
KuCoin
Gate
MEXC
Binance
Extended
Variational Omni
BitgetLighter0.5137+3.175%
Aster0.5138+3.193%
AsterHyperliquid0.5138+3.195%
Kraken Futures0.5142+3.271%Orderly0.5142+3.274%
Kraken Futures
OrderlySPX on 19 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | −3.096% | +0.0033% | 1h | $9 | $4K | 5.5x | as long as short |
| ApeX Omni SPXUSDT | −0.469% | +0.0100% | 1h | $46K | $245K | 25x | as long as short |
| SunX SPX-USDT | −0.294% | +0.0100% | 4h | $8K | $1.5M | 20x | as long as short |
| Bybit SPXUSDT | −0.255% | +0.0100% | 4h | $11.7M | $14.8M | 50x | as long as short |
| BloFin SPX-USDT | −0.235% | +0.0340% | 4h | $263K | $979K | 75x | as long as short |
| OKX SPX-USDT-SWAP | −0.197% | +0.0100% | 4h | $1.0M | $2.5M | 20x | as long as short |
| BingX SPX-USDT | −0.197% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| KuCoin SPXUSDTM | −0.177% | +0.0100% | 4h | $3.8M | $5.1M | 50x | as long as short |
| Gate SPX_USDT | −0.158% | +0.0100% | 4h | $1.1M | $458K | 50x | as long as short |
| MEXC SPX_USDT | −0.158% | +0.0100% | 4h | $10.8M | $4.5M | 100x | as long as short |
Show all 19 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance SPXUSDT | −0.135% | +0.0100% | 4h | $5.2M | $18.2M | 75x | as long as short |
| Extended SPX-USD | −0.131% | +0.0104% | 1h | $35K | $227K | 10x | as long as short |
| Variational Omni SPX | −0.115% | −0.0079% | 4h | $858K | $1.2M | — | as long as short |
| Bitget SPXUSDT | −0.060% | +0.0100% | 4h | $2.6M | $1.3M | 50x | as long as short |
| Lighter SPXshort | −0.019% | +0.0096% | 1h | $118K | $299K | 5x | |
| Aster SPXUSDT | −0.002% | +0.0101% | 4h | $134K | $82K | 10x | as long as short |
| Hyperliquid SPXlong | 0.000% | +0.1017% | 1h | $10.3M | $6.5M | 5x | |
| Kraken Futures PF_SPXUSD | +0.073% | +0.0934% | 1h | $244K | $369K | 20x | as long as short |
| Orderly PERP_SPX_USDC | +0.076% | +0.0100% | 4h | $20K | $200 | 10x | as long as short |