Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.012%
Price spread now: QFEX against Lighter+0.021%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Funding, last 4 days (all we have)+0.236%+$24 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.021%, 7d avg +0.020%
=Together, before fees+0.225%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.236%, 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 | 7,759 | 0.0032 | pay 0.0004% / 1h | 7m 29s | $2.1M | $28.7M | 50x |
| Short | QFEX US500-USD | 7,760.6 | −0.0043 | pay 0.0005% / 1h | 7m 29s | $9.9M | $3.1M | 30x |
Lighter US500
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$15.66
- Price spread: +0.021% → +0.020%
- $0.06
- Slippage, 4 orders
- −$7.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$32.86
- Costs to cover
- 0.173%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; QFEX: live order book, 7 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, 6 min ago | 0.45 bp | 0.5 bp $0 | 0.7 bp −$7 | 5.4 bp −$539 | 120.6 bp −$60.3K |
| Sell QFEX live order book, 7 min ago | 1.55 bp | 8.3 bp −$8 | 12.9 bp −$129 | 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 | −1.233% | $7K | $108 | 52x | as long as short |
| QFEX US500-USDshort | −0.0043% | 1h | 7,760.6 | +0.021% | $9.9M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | +0.095% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.9 | +0.115% | $7.2M | $767K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,738.1 | −0.270% | $17.5M | $8.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,759.9 | +0.012% | $12K | $104K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,759 | long leg | $2.1M | $28.7M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,762.3 | +0.042% | $3.2M | $12.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,733.8 | −0.325% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,827.8 | +0.886% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
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 | 7,762.6 | +0.046% | $625K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,759.2 | +0.003% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,760.2 | +0.015% | $436.0M | $233.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,759.7 | +0.009% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,760.4 | +0.018% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,761.9 | +0.037% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,762.3 | +0.042% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0342% | 1h | 7,760.1 | +0.015% | $446 | $29K | 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