Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Bitget against Lighter+0.026%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$410.408% of the position
Funding, last 7 days+0.256%+$26 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now +0.026%, 7d avg +0.080%
=Together, before fees+0.314%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.055% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.080%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.256%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US500 | 7,768 | 0.0032 | pay 0.0004% / 1h | 16m 34s | $1.9M | $28.7M | 50x |
| Short | Bitget SP500USDT | 7,770 | 0 | get 0.0000% / 8h | 1h 16m | $7.2M | $771K | 50x |
Lighter US500
Bitget SP500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$6.72
- Price spread: +0.026% → +0.080%
- −$5.47
- Slippage, 4 orders
- −$28.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$53.03
- Costs to cover
- 0.408%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; Bitget: live order book, 2 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, 12 min ago | 0.26 bp | 0.3 bp $0 | 1.0 bp −$10 | 4.0 bp −$397 | 121.6 bp −$60.8K |
| Sell Bitget live order book, 2 min ago | 4.06 bp | 25.4 bp −$25 | 27.9 bp −$279 | 33.4 bp −$3,336 | doesn't fit |
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 | −1.312% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,767.9 | −0.001% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.6 | −0.031% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDTshort | 0.0000% | 8h | 7,770 | +0.026% | $7.2M | $771K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,742.9 | −0.323% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.7 | +0.009% | $13K | $105K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,768 | long leg | $1.9M | $28.7M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,770.1 | +0.027% | $3.2M | $14.2M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.8 | −0.376% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,835.8 | +0.872% | — | $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 | 7,770.3 | +0.030% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,768.1 | +0.001% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.7 | +0.009% | $432.8M | $235.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,768.2 | +0.003% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768.7 | +0.009% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.8 | +0.023% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.9 | +0.012% | $261K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0322% | 1h | 7,767.9 | −0.001% | $473 | $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