Funding you earn now, next payment 05:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against Popdex−0.036%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$80.078% of the position
Funding, last 4 days (all we have)−0.288%−$29 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.036%, 7d avg −0.055%
=Together, before fees−0.345%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex US500USDT | 7,767.2 | 0.0048 | pay 0.0006% / 1h | 41m 20s | $584K | $487K | 20x |
| Short | Lighter US500 | 7,764.4 | 0.0032 | get 0.0004% / 1h | 41m 20s | $2.1M | $28.5M | 50x |
Popdex US500USDT
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Popdex. 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
- −$3.36
- Price spread: −0.036% → −0.055%
- $1.87
- Slippage, 4 orders
- −$1.42
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.31
- Costs to cover
- 0.078%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 13 min ago; Lighter: 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 Popdex live order book, 13 min ago | 0.45 bp | 3.7 bp −$4 | 3.7 bp −$37 | 7.3 bp −$729 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.26 bp | 0.3 bp $0 | 0.3 bp −$3 | 4.3 bp −$434 | 139.7 bp −$69.8K |
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 | 7,664.2 | −1.326% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,765.6 | −0.021% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.1 | +0.012% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.2 | +0.039% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.6 | −0.330% | $17.6M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.9 | −0.017% | $13K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,764.4 | −0.036% | $2.1M | $28.5M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.2 | −0.013% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.8 | −0.391% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.5 | +0.828% | — | $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
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 US500USDTlong | +0.0048% | 1h | 7,767.2 | long leg | $584K | $487K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.1 | −0.040% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.8 | −0.018% | $431.5M | $237.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.6 | −0.033% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.3 | −0.012% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.9 | −0.004% | $9.5M | $7.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.6 | −0.008% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0260% | 1h | 7,764.9 | −0.030% | $510 | $25K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD