Funding you earn now, next payment 11:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.009%
Price spread now: Polymarket Perps against Extended−0.039%49s7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$180.178% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 7 days−0.004%$0 · spread now −0.039%, 7d avg +0.016%
=Together, before fees+0.096%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.054% cheaper against Extended than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.016%). If the spread goes back, that is −$5 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.100% in total) that is about 3.8 days. The two prices were read 49 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 | Extended SPX500m-USD | 7,769.6 | 0.0032 | pay 0.0004% / 1h | 27m 29s | $3.3M | $10.1M | 25x |
| Short | Polymarket Perps SP500-USD | 7,766.6 | 0.0050 | get 0.0006% / 1h | 27m 29s | $9.2M | $5.4M | 50x |
Extended SPX500m-USD
Polymarket Perps SP500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $3.78
- Price spread: −0.039% → +0.016%
- −$5.43
- Slippage, 4 orders
- −$4.81
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$19.46
- Costs to cover
- 0.178%
- Break-even
- 43.0 days
Slippage from Extended: live order book, 5 min ago; Polymarket Perps: live order book, 5 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, 5 min ago | 0.77 bp | 6.3 bp −$6 | 6.8 bp −$68 | 17.5 bp −$1,754 | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.3 bp −$525 | 11.0 bp −$5,517 |
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 | −1.436% | $7K | $97 | 52x | as long as short |
| QFEX US500-USD | −0.0051% | 1h | 7,770.4 | +0.010% | $9.9M | $3.4M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.1 | −0.006% | $129K | $241K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,764.1 | −0.071% | $7.2M | $518K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.2 | −0.339% | $17.6M | $6.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.9 | −0.009% | $12K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,767.1 | −0.032% | $2.2M | $29.1M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,769.6 | long leg | $3.3M | $10.1M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,740.7 | −0.372% | $1.4M | $8.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,835.4 | +0.847% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
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 | 7,771.2 | +0.021% | $625K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.4 | −0.029% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,769.1 | −0.006% | $428.6M | $239.8M | 50x | as long as short |
| Polymarket Perps SP500-USDshort | +0.0050% | 1h | 7,766.6 | −0.039% | $9.2M | $5.4M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,768.8 | −0.010% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.2 | −0.005% | $9.5M | $8.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,769.9 | +0.004% | $259K | $175K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0355% | 1h | 7,769 | −0.007% | $504 | $28K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD