Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%
Price spread now: Polymarket Perps against Bitget−0.086%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.086%, 7d avg −0.064%
=Funding pays, the price is against you. Polymarket Perps is 0.022% cheaper against Bitget than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.064%). If the spread goes back, that is −$2 on $10k: about 36 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SP500USDT | 7,772.3 | 0 | get 0.0000% / 8h | 7h 09m | $7.2M | $771K | 50x |
| Short | Polymarket Perps SP500-USD | 7,765.6 | 0.0050 | get 0.0006% / 1h | 9m 28s | $9.0M | $2.3M | 50x |
Bitget SP500USDT
Polymarket Perps SP500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bitget. 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
- $10.5
- Price spread: −0.086% → −0.064%
- −$2.24
- Slippage, 4 orders
- −$28.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$39.83
- Costs to cover
- 0.481%
- Break-even
- 33.6 days
Slippage from Bitget: live order book, 4 min ago; Polymarket Perps: live order book, 5 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 Bitget live order book, 4 min ago | 1.99 bp | 17.3 bp −$17 | 26.2 bp −$262 | 28.0 bp −$2,804 | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 0.06 bp | 4.3 bp −$4 | 5.5 bp −$55 | 6.3 bp −$629 | 11.8 bp −$5,896 |
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 | 7,664.8 | −1.383% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0045% | 1h | 7,769.2 | −0.040% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.5 | −0.075% | $152K | $246K | 20x | as long as short |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,772.3 | long leg | $7.2M | $771K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,743.7 | −0.368% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.1 | −0.055% | $13K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.3 | −0.077% | $2.2M | $29.0M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.3 | −0.051% | $3.2M | $14.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.1 | −0.440% | $1.6M | $7.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.5 | +0.775% | — | $3.9M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
Lighter US500
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 | 7,769.5 | −0.036% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.7 | −0.085% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.9 | −0.057% | $433.9M | $240.2M | 50x | as long as short |
| Polymarket Perps SP500-USDshort | +0.0050% | 1h | 7,765.6 | −0.086% | $9.0M | $2.3M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.6 | −0.060% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.5 | −0.050% | $9.5M | $7.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.3 | −0.051% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0270% | 1h | 7,765.8 | −0.084% | $590 | $21K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD