Funding you earn now, next payment 22:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.029%
Price spread now: Injective against Lighter−0.539%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.539% cheaper against Lighter than usual: you would sell low and buy high (−$54 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPX | 0.5006 | 0.0096 | pay 0.0012% / 1h | 8m 30s | $115K | $319K | 5x |
| Short | Injective SPX/USDC PERP | 0.4979 | 0.0033 | get 0.0004% / 1h | 8m 30s | $9 | $4K | 5.5x |
Lighter SPX
Injective SPX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: −0.539% → 0.000%
- −$53.94
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$67.12
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
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, 6 min ago | 22.14 bp | 22.1 bp −$22 | 68.0 bp −$680 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.0416% | 1h | 0.4996 | −0.200% | $231K | $560K | 20x | as long as short |
| Injective SPX/USDC PERPshort | +0.0033% | 1h | 0.4979 | −0.539% | $9 | $4K | 5.5x | |
| Lighter SPXlong | +0.0096% | 1h | 0.5006 | long leg | $115K | $319K | 5x | |
| Variational Omni SPX | +0.0100% | 4h | 0.5010 | +0.077% | $874K | $1.3M | — | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5004 | −0.044% | $9.8M | $7.2M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5005 | −0.026% | $123K | $99K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5004 | −0.045% | $4.9M | $19.6M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5001 | −0.100% | $11.6M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5001 | −0.100% | $970K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5002 | −0.080% | $1.0M | $478K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Variational Omni SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5003 | −0.060% | $11.4M | $4.6M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5004 | −0.040% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5004 | −0.040% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5002 | −0.080% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5018 | +0.240% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5010 | +0.080% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.4989 | −0.340% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.4999 | −0.130% | $34K | $226K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5000 | −0.120% | $250K | $908K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT