Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: OKX against Lighter+0.006%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs+$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.843%+$84 on $10k
+Price spread, last 4 days (all we have)+0.192%+$19 · spread now +0.006%, 7d avg +0.097%
=Together, before fees+1.035%+ Points / potential airdropLighter: Season 3 · farm board+$103 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 OKX is 0.090% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.097%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.843%, 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 | 7,750.4 | 0.0032 | pay 0.0004% / 1h | 20m 20s | $2.0M | $28.3M | 50x |
| Short | OKX US500-USDT-SWAP | 7,750.9 | 0 | get 0.0000% / 8h | 7h 20m | $137K | $234K | 20x |
Lighter US500
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.006% → +0.097%
- −$9.04
- Slippage, 4 orders
- −$30.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$56.16
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; OKX: live order book, 10 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, 8 min ago | 0.52 bp | 0.5 bp −$1 | 1.3 bp −$13 | 4.7 bp −$467 | 120.9 bp −$60.5K |
| Sell OKX live order book, 10 min ago | 0.84 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | 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 | 7,663.3 | −1.124% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,750.5 | +0.001% | $9.9M | $3.1M | 30x | as long as short |
| Extended SPX500m-USD | −0.0024% | 1h | 7,753.5 | +0.040% | $3.2M | $11.3M | 25x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,750.9 | +0.006% | $137K | $234K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,753.9 | +0.045% | $7.2M | $756K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,726.8 | −0.304% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,750.9 | +0.007% | $14K | $104K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0003% | 1h | 7,751 | +0.008% | $427.2M | $238.5M | 50x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,750.4 | long leg | $2.0M | $28.3M | 50x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,723 | −0.354% | $1.5M | $7.7M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Extended SPX500m-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,819.3 | +0.888% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,753.7 | +0.043% | $623K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,750.6 | +0.002% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,750.7 | +0.004% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,751.2 | +0.010% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,751.9 | +0.019% | $9.5M | $8.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,751.3 | +0.012% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0317% | 1h | 7,745.1 | −0.069% | $445 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD