After costs, if the gap returns to its 7d average, $10k−$64
spread now+0.207%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 | Lighter SPX | 0.5130 | 0.0096 | pay 0.0012% / 1h | 14m 26s | $117K | $299K | 5x |
| Short | Hyperliquid SPX | 0.5140 | 0.1014 | get 0.0127% / 1h | 14m 26s | $10.3M | $6.5M | 5x |
Lighter SPX
Hyperliquid 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
- $20.66
- Funding while held
- $27.54
- Slippage, 4 orders
- −$68.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$29.79
- Spread needed to break even
- 0.780%
Slippage from Lighter: live order book, 3 min ago; Hyperliquid: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0918%
- Per $10,000 a day
- +$27.54
- 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 Lighter live order book, 3 min ago | 12.72 bp | 12.9 bp −$13 | 61.4 bp −$614 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 2.25 bp | 14.9 bp −$15 | doesn't fit | 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%BingX0.5123+2.892%Bybit0.5124+2.912%OKX0.5126+2.952%BloFin0.5126+2.952%Extended0.5128+2.990%
Injective
ApeX Omni
BingX
Bybit
OKX
BloFin
ExtendedLighter0.5130+3.025%
Gate0.5130+3.033%MEXC0.5130+3.033%KuCoin0.5130+3.033%Binance0.5131+3.046%Bitget0.5132+3.073%Variational Omni0.5132+3.077%SunX0.5137+3.173%Aster0.5138+3.193%
Gate
MEXC
KuCoin
Binance
Bitget
Variational Omni
SunX
AsterHyperliquid0.5140+3.238%
Kraken Futures0.5148+3.391%Orderly0.5148+3.394%
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 | −2.936% | +0.0033% | 1h | $9 | $4K | 5.5x | as long as short |
| ApeX Omni SPXUSDT | −0.304% | +0.0100% | 1h | $46K | $245K | 25x | as long as short |
| BingX SPX-USDT | −0.129% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Bybit SPXUSDT | −0.109% | +0.0100% | 4h | $11.7M | $14.8M | 50x | as long as short |
| OKX SPX-USDT-SWAP | −0.070% | +0.0100% | 4h | $1.0M | $2.5M | 20x | as long as short |
| BloFin SPX-USDT | −0.070% | +0.0340% | 4h | $263K | $979K | 75x | as long as short |
| Extended SPX-USD | −0.034% | +0.0104% | 1h | $35K | $227K | 10x | as long as short |
| Lighter SPXlong | 0.000% | +0.0096% | 1h | $117K | $299K | 5x | |
| Gate SPX_USDT | +0.008% | +0.0100% | 4h | $1.1M | $458K | 50x | as long as short |
| MEXC SPX_USDT | +0.008% | +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 | |
|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.008% | +0.0100% | 4h | $3.8M | $5.1M | 50x | as long as short |
| Binance SPXUSDT | +0.020% | +0.0100% | 4h | $5.2M | $18.2M | 75x | as long as short |
| Bitget SPXUSDT | +0.047% | +0.0100% | 4h | $2.6M | $1.3M | 50x | as long as short |
| Variational Omni SPX | +0.050% | −0.0079% | 4h | $858K | $1.2M | — | as long as short |
| SunX SPX-USDT | +0.144% | +0.0100% | 4h | $8K | $1.5M | 20x | as long as short |
| Aster SPXUSDT | +0.164% | +0.0101% | 4h | $134K | $82K | 10x | as long as short |
| Hyperliquid SPXshort | +0.207% | +0.1014% | 1h | $10.3M | $6.5M | 5x | |
| Kraken Futures PF_SPXUSD | +0.355% | +0.0933% | 1h | $244K | $369K | 20x | as long as short |
| Orderly PERP_SPX_USDC | +0.359% | +0.0100% | 4h | $20K | $200 | 10x | as long as short |