Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%
Price spread now: Popdex against Bullet+0.024%52s7-day average +0.024% · 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—prices read too far apart to compare
costs, in and out, $10k−$200.200% of the position
Funding, last 4 days (all we have)+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.024%, 7d avg +0.024%
=The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet US500-USD | 7,763.3 | 0 | get 0.0000% / 1h | 12m 25s | $12K | $104K | 10x |
| Short | Popdex US500USDT | 7,765.1 | 0.0048 | get 0.0006% / 1h | 12m 25s | $625K | $527K | 20x |
Bullet US500-USD
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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: +0.024% → +0.024%
- −$0.05
- Slippage, 4 orders
- −$5.57
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$9.94
- Costs to cover
- 0.200%
- Break-even
- 13.9 days
Slippage from Bullet: live order book, 26 min ago; Popdex: live order book, 27 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, 26 min ago | 0.50 bp | 6.3 bp −$6 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 27 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 | −1.288% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,762.9 | −0.005% | $10.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | +0.040% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.9 | +0.060% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,739.6 | −0.305% | $17.5M | $8.7M | — | as long as short |
| Bullet US500-USDlong | 0.0000% | 1h | 7,763.3 | long leg | $12K | $104K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,762.1 | −0.015% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,764.7 | +0.018% | $3.2M | $12.2M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.4 | −0.333% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,830 | +0.860% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
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 US500USDTshort | +0.0048% | 1h | 7,765.1 | +0.024% | $625K | $527K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,762.4 | −0.011% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,762.6 | −0.008% | $436.3M | $233.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,762.8 | −0.006% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,763.3 | +0.001% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,764.4 | +0.014% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,764.9 | +0.021% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0332% | 1h | 7,763.7 | +0.006% | $446 | $29K | 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