Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Bitget−0.035%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.407% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now −0.035%, 7d avg −0.080%
=Together, before fees−0.305%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.046% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.256%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SP500USDT | 7,769.9 | 0 | get 0.0000% / 8h | 1h 14m | $7.2M | $771K | 50x |
| Short | Lighter US500 | 7,767.2 | 0.0032 | get 0.0004% / 1h | 14m 55s | $1.9M | $28.7M | 50x |
Bitget SP500USDT
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $6.72
- Price spread: −0.035% → −0.080%
- $4.57
- Slippage, 4 orders
- −$28.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.42
- Costs to cover
- 0.407%
- Break-even
- 37.6 days
Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 4 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 Bitget live order book, 3 min ago | 4.06 bp | 14.8 bp −$15 | 33.7 bp −$337 | 36.7 bp −$3,667 | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.26 bp | 0.3 bp $0 | 0.5 bp −$5 | 4.4 bp −$443 | 139.6 bp −$69.8K |
SP500 on 18 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 US500/USDC PERP | −0.0220% | 1h | 7,666.1 | −1.336% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,767.6 | −0.030% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.6 | −0.055% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,769.9 | long leg | $7.2M | $771K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,742.9 | −0.348% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.9 | −0.025% | $13K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,767.2 | −0.035% | $1.9M | $28.7M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.9 | 0.000% | $3.2M | $14.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.7 | −0.402% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,835 | +0.838% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,769.7 | −0.003% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.1 | −0.036% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.2 | −0.022% | $433.3M | $236.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.9 | −0.039% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768 | −0.024% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.4 | −0.006% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.2 | −0.022% | $261K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0323% | 1h | 7,768.5 | −0.018% | $471 | $28K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD