Settings8H · net · $10k
Funding arb · Price arb /

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%
Price spread now: Vest against Bullet+0.840%7-day average +0.964% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.043%+$4 on $10k
Price spread, last 3 days (all we have)+0.065%+$6 · spread now +0.840%, 7d avg +0.964%
Together, before fees+0.108%+ Points / potential airdropVest: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.124% cheaper against Bullet than usual: you would sell low and buy high (spread +0.840% now, against its 7-day average of +0.964%). If the spread goes back, that is −$12 on $10k: about 9.1 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet US500-USD7,7690get 0.0000% / 1h45m 22s$12K$106K10x
ShortVest SPX-USD-PERP7,834.30.0046get 0.0006% / 1h45m 22s$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Bullet. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$9.59
Price spread: +0.840% → +0.964%
−$12.41
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Vest: 1 bp × 2 orders
−$2
Net
−$12.81
Costs to cover
0.100%
Break-even
16.4 days
Slippage unknown: Bullet: live order book, 33 min ago; Vest: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, 33 min ago0.50 bp6.3 bp −$620.2 bp −$202doesn't fitdoesn't fit
Sell Vest no order-book sample
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SP500 on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h7,666.6−1.318%$7K$10352xas long as short
QFEX US500-USD−0.0038%1h7,768.5−0.006%$11.8M$3.1M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,769.5+0.007%$153K$252K20xas long as short
Bitget SP500USDT0.0000%8h7,771.5+0.032%$7.2M$790K50xas long as short
Variational Omni US5000.0000%8h7,743.4−0.329%$17.2M$9.2Mas long as short
Bullet US500-USDlong0.0000%1h7,769long leg$12K$106K10x
Lighter US500+0.0032%1h7,767.4−0.020%$2.2M$28.2M50xas long as short
Extended SPX500m-USD+0.0032%1h7,769.7+0.009%$3.2M$13.6M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,739.1−0.385%$1.6M$7.3M25xas long as short
Vest SPX-USD-PERPshort+0.0046%1h7,834.3+0.840%$3.5M50x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,770.6+0.021%$545K$440K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,767.1−0.024%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,7690.000%$436.3M$255.6M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,767−0.025%$9.0M$2.3M50xas long as short
SoDEX US500-USD+0.0050%1h7,768.6−0.005%$1.1M$85K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,769.2+0.003%$9.5M$6.7M25xas long as short
Aftermath Perps US500USD+0.0051%1h7,764.2−0.061%$553$22K10xas long as short
Pacifica SP500+0.0100%1h7,769.7+0.009%$258K$195K20xas long as short