Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Extended against Lighter+0.032%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$100.098% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 7 days+0.110%+$11 · spread now +0.032%, 7d avg +0.003%
=Together, before fees+0.348%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$35 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: Extended is 0.030% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US500 | 7,769.9 | 0.0032 | pay 0.0004% / 1h | 47m 18s | $2.1M | $28.5M | 50x |
| Short | Extended SPX500m-USD | 7,772.4 | 0.0032 | get 0.0004% / 1h | 47m 18s | $3.2M | $13.6M | 25x |
Lighter US500
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0
- Price spread: +0.032% → +0.003%
- $2.96
- Slippage, 4 orders
- −$4.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$6.81
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Extended: 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, 7 min ago | 0.32 bp | 0.3 bp $0 | 0.5 bp −$5 | 3.9 bp −$388 | 125.9 bp −$62.9K |
| Sell Extended live order book, 2 min ago | 0.90 bp | 5.7 bp −$6 | 9.4 bp −$94 | 22.3 bp −$2,229 | 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 | 7,667.9 | −1.313% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0045% | 1h | 7,772.7 | +0.036% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.9 | 0.000% | $152K | $248K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.3 | +0.031% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,745.2 | −0.317% | $17.2M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,772.1 | +0.029% | $13K | $108K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,769.9 | long leg | $2.1M | $28.5M | 50x | |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,772.4 | +0.032% | $3.2M | $13.6M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,742.1 | −0.358% | $1.6M | $7.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,836.8 | +0.860% | — | $3.6M | 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 | 7,773.4 | +0.045% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,769.3 | −0.007% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,772 | +0.027% | $436.5M | $246.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,769.4 | −0.006% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,771.6 | +0.022% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,771.6 | +0.022% | $9.5M | $7.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,771.5 | +0.020% | $259K | $175K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0160% | 1h | 7,767.4 | −0.033% | $459 | $21K | 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