Funding you earn now, next payment 11:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.004%
Price spread now: Bullet against Extended−0.012%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 4 days (all we have)−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.012%, 7d avg +0.048%
=Together, before fees−0.023%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bullet is 0.061% cheaper against Extended than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.048%). If the spread goes back, that is −$6 on $10k: about 8.4 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,772.3 | −0.0024 | get 0.0003% / 1h | 54m 50s | $3.3M | $10.0M | 25x |
| Short | Bullet US500-USD | 7,771.4 | 0 | get 0.0000% / 1h | 54m 50s | $13K | $104K | 10x |
Extended SPX500m-USD
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Extended. 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
- $5.04
- Price spread: −0.012% → +0.048%
- −$6.06
- Slippage, 4 orders
- −$10.33
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$24.35
- Costs to cover
- 0.233%
- Break-even
- 40.8 days
Slippage from Extended: live order book, 2 min ago; Bullet: live order book, 57 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 Extended live order book, 2 min ago | 1.16 bp | 5.1 bp −$5 | 6.8 bp −$68 | 18.0 bp −$1,799 | doesn't fit |
| Sell Bullet live order book, 57 min ago | 0.51 bp | 6.3 bp −$6 | 21.2 bp −$212 | doesn't fit | doesn't fit |
SP500 on 18 exchanges
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 | 7,658 | −1.471% | $7K | $97 | 52x | as long as short |
| QFEX US500-USD | −0.0051% | 1h | 7,771.5 | −0.011% | $9.9M | $3.4M | 30x | as long as short |
| Extended SPX500m-USDlong | −0.0024% | 1h | 7,772.3 | long leg | $3.3M | $10.0M | 25x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,773.2 | +0.011% | $131K | $238K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,765.5 | −0.088% | $7.2M | $528K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,745.2 | −0.349% | $17.6M | $6.0M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,771.4 | −0.012% | $13K | $104K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,769.2 | −0.040% | $2.1M | $28.8M | 50x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,744 | −0.364% | $1.4M | $8.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,838.3 | +0.848% | — | $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
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,773.8 | +0.019% | $625K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,770.6 | −0.023% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,771.4 | −0.012% | $425.2M | $242.1M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,769.3 | −0.039% | $9.2M | $5.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,771.2 | −0.015% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,771.2 | −0.015% | $9.5M | $8.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,770.5 | −0.024% | $259K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0307% | 1h | 7,766.1 | −0.080% | $446 | $29K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD