Funding you earn now, next payment 03:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.067%
Price spread now: BloFin against Lighter−0.142%60s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$860.861% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 4 days (all we have)−0.634%−$63 · spread now −0.142%, 7d avg −0.032%
=Together, before fees−0.283%+ Points / potential airdropLighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.110% cheaper against Lighter than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of −0.032%). If the spread goes back, that is −$11 on $10k: about 36 hours of funding at the current rate (+$7 a day). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPX | 0.5066 | 0.0096 | pay 0.0012% / 1h | 8m 01s | $136K | $359K | 5x |
| Short | BloFin SPX-USDT | 0.5059 | 0.0340 | get 0.0170% / 4h | 1h 08m | $254K | $988K | 75x |
Lighter SPX
BloFin SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- $51.24
- Price spread: −0.142% → −0.032%
- −$11
- Slippage, 4 orders
- −$74.07
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$45.84
- Costs to cover
- 0.861%
- Break-even
- 13.3 days
Slippage from Lighter: live order book, 46 min ago; BloFin: live order book, 9 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 Lighter live order book, 46 min ago | 23.01 bp | 23.1 bp −$23 | 63.0 bp −$630 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 5.93 bp | 22.7 bp −$23 | 45.3 bp −$453 | 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 | −1.721% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXlong | +0.0096% | 1h | 0.5066 | long leg | $136K | $359K | 5x | |
| Hyperliquid SPX | +0.0100% | 1h | 0.5062 | −0.081% | $10.2M | $7.4M | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5069 | +0.063% | $5.1M | $21.1M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5067 | +0.016% | $11.5M | $16.2M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5067 | +0.016% | $946K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5056 | −0.201% | $1.0M | $561K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5065 | −0.024% | $12.0M | $4.8M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5062 | −0.083% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5075 | +0.174% | $2.6M | $1.4M | 50x | as long as short |
Injective SPX/USDC PERP
Hyperliquid SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5062 | −0.083% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5031 | −0.704% | $882K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5037 | −0.576% | $25K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5055 | −0.221% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5063 | −0.060% | $33K | $250K | 10x | as long as short |
| Aster SPXUSDT | +0.0130% | 4h | 0.5061 | −0.096% | $129K | $117K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0151% | 4h | 0.5070 | +0.075% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.5059 | −0.142% | $254K | $988K | 75x | |
| Kraken Futures PF_SPXUSD | +0.1423% | 1h | 0.5070 | +0.082% | $251K | $544K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Orderly PERP_SPX_USDC
Kraken Futures PF_SPXUSD