Funding you earn now, next payment 09:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.004%
Price spread now: Extended against Bullet+0.034%7-day average −0.049% · 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−$14as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 4 days (all we have)+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.034%, 7d avg −0.049%
=Together, before fees−0.007%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.083% dearer against Bullet than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.049%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet US500-USD | 7,744.2 | 0 | get 0.0000% / 1h | 31m 52s | $13K | $105K | 10x |
| Short | Extended SPX500m-USD | 7,746.8 | −0.0048 | pay 0.0006% / 1h | 31m 52s | $3.3M | $11.3M | 25x |
Bullet US500-USD
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bullet. 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: +0.034% → −0.049%
- $8.27
- Slippage, 4 orders
- −$9.08
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$23.89
- Costs to cover
- 0.221%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 2 min ago; Extended: live order book, 2 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 Bullet live order book, 2 min ago | 0.51 bp | 6.3 bp −$6 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.90 bp | 6.1 bp −$6 | 8.1 bp −$81 | 20.3 bp −$2,025 | 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 | −1.044% | $7K | $104 | 52x | as long as short |
| Extended SPX500m-USDshort | −0.0048% | 1h | 7,746.8 | +0.034% | $3.3M | $11.3M | 25x | |
| QFEX US500-USD | −0.0042% | 1h | 7,745.9 | +0.022% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,753.2 | +0.116% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,751.8 | +0.098% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,725.1 | −0.247% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USDlong | 0.0000% | 1h | 7,744.2 | long leg | $13K | $105K | 10x | |
| tradeXYZ xyz:SP500 | +0.0002% | 1h | 7,744.3 | +0.002% | $428.3M | $237.7M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,744.4 | +0.003% | $2.0M | $28.1M | 50x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,717.2 | −0.348% | $1.6M | $7.5M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
tradeXYZ xyz:SP500
Lighter US500
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 | 7,812.9 | +0.887% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,748.9 | +0.061% | $623K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,744.8 | +0.008% | $42K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,746.5 | +0.030% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,744.5 | +0.004% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,746.2 | +0.026% | $9.5M | $8.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,747.3 | +0.040% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0326% | 1h | 7,746.1 | +0.024% | $510 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD