Funding you earn now, next payment 09:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Popdex against Bitget+0.004%7-day average −0.013% · 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−$50as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 4 days (all we have)+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.004%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, 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 | Bitget SP500USDT | 7,755.4 | 0 | get 0.0000% / 8h | 7h 45m | $7.2M | $768K | 50x |
| Short | Popdex US500USDT | 7,755.7 | 0.0048 | get 0.0006% / 1h | 45m 12s | $624K | $527K | 20x |
Bitget SP500USDT
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $10.08
- Price spread: +0.004% → −0.013%
- $1.66
- Slippage, 4 orders
- −$33.52
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$40.18
- Costs to cover
- 0.519%
- Break-even
- 34.9 days
Slippage from Bitget: live order book, 3 min ago; Popdex: live order book, 54 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, 3 min ago | 6.12 bp | 22.7 bp −$23 | 43.3 bp −$433 | 46.4 bp −$4,638 | doesn't fit |
| Sell Popdex live order book, 54 min ago | 0.51 bp | 3.7 bp −$4 | 3.7 bp −$37 | 12.1 bp −$1,207 | 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 | −1.188% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,752.5 | −0.037% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,762.6 | +0.093% | $141K | $228K | 20x | as long as short |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,755.4 | long leg | $7.2M | $768K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,730.8 | −0.318% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,752.1 | −0.042% | $13K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0015% | 1h | 7,751.7 | −0.048% | $431.2M | $234.8M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,751.6 | −0.049% | $2.0M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,754.2 | −0.016% | $3.3M | $11.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,725.3 | −0.388% | $1.6M | $7.4M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
Lighter US500
Extended SPX500m-USD
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 | 7,820.1 | +0.835% | — | $4.3M | 50x | as long as short |
| Popdex US500USDTshort | +0.0048% | 1h | 7,755.7 | +0.004% | $624K | $527K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,751.8 | −0.046% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,754.2 | −0.015% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,751.7 | −0.048% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,753.5 | −0.024% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,752.5 | −0.038% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0330% | 1h | 7,754 | −0.018% | $527 | $29K | 10x | as long as short |
Vest SPX-USD-PERP
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD