Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Lighter against Extended−0.027%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$90.087% of the position
Funding, last 7 days−0.232%−$23 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now −0.027%, 7d avg +0.001%
=Together, before fees−0.253%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.027% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,768.4 | 0.0032 | pay 0.0004% / 1h | 13m 42s | $3.2M | $14.9M | 25x |
| Short | Lighter US500 | 7,766.3 | 0.0032 | get 0.0004% / 1h | 13m 42s | $2.1M | $28.7M | 50x |
Extended SPX500m-USD
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $0
- Price spread: −0.027% → +0.001%
- −$2.73
- Slippage, 4 orders
- −$3.69
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.42
- Costs to cover
- 0.087%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Lighter: live order book, 5 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 Extended live order book, 5 min ago | 1.09 bp | 3.9 bp −$4 | 5.6 bp −$56 | 19.1 bp −$1,908 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.51 bp | 0.5 bp −$1 | 0.7 bp −$7 | 4.1 bp −$412 | 141.1 bp −$70.5K |
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 | 7,665.4 | −1.326% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,767.6 | −0.010% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.7 | +0.004% | $141K | $230K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.5 | +0.014% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.7 | −0.343% | $17.6M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.2 | −0.015% | $13K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,766.3 | −0.027% | $2.1M | $28.7M | 50x | |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,768.4 | long leg | $3.2M | $14.9M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.4 | −0.386% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.3 | +0.835% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-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 | 7,768.7 | +0.004% | $584K | $486K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.8 | −0.033% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.5 | −0.011% | $431.5M | $236.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,767 | −0.018% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.5 | −0.011% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.2 | −0.003% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.1 | −0.004% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0225% | 1h | 7,764.8 | −0.046% | $530 | $25K | 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