Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter against tradeXYZ−0.015%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.015%, 7d avg −0.020%
=Together, before fees−0.277%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$28 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: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,765.6 | 0.0050 | pay 0.0006% / 1h | 36m 46s | $431.4M | $236.5M | 50x |
| Short | Lighter US500 | 7,764.4 | 0.0032 | get 0.0004% / 1h | 36m 46s | $2.2M | $28.6M | 50x |
tradeXYZ xyz:SP500
Lighter US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$3.78
- Price spread: −0.015% → −0.020%
- $0.47
- Slippage, 4 orders
- −$0.64
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.95
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Lighter: live order book, 12 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 tradeXYZ live order book, 3 min ago | 0.06 bp | 9.1 bp −$9 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 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 | 7,665.5 | −1.289% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,765.3 | −0.004% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.9 | +0.055% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.2 | +0.059% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.4 | −0.325% | $17.5M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.9 | +0.004% | $13K | $105K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,764.4 | −0.015% | $2.2M | $28.6M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.6 | +0.013% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.8 | −0.371% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.8 | +0.852% | — | $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 US500USDT | +0.0048% | 1h | 7,767.5 | +0.024% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.1 | −0.019% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,765.6 | long leg | $431.4M | $236.5M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765 | −0.008% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.5 | −0.001% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.1 | +0.019% | $9.5M | $7.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.5 | +0.012% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0264% | 1h | 7,764.9 | −0.009% | $544 | $25K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD