Funding you earn now, next payment 03:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.010%
Price spread now: Popdex against Extended−0.004%7-day average +0.074% · 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−$25as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 4 days (all we have)+0.035%+$3 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.004%, 7d avg +0.074%
=Together, before fees+0.085%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Popdex is 0.077% cheaper against Extended than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.074%). If the spread goes back, that is −$8 on $10k: about 16 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.035% in total) that is about 7.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,768.2 | 0.0032 | pay 0.0004% / 1h | 7m 18s | $3.2M | $15.5M | 25x |
| Short | Popdex US500USDT | 7,767.9 | 0.0048 | get 0.0006% / 1h | 7m 18s | $583K | $487K | 20x |
Extended SPX500m-USD
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $3.36
- Price spread: −0.004% → +0.074%
- −$7.75
- Slippage, 4 orders
- −$5.64
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$21.43
- Costs to cover
- 0.170%
- Break-even
- 51.6 days
Slippage from Extended: live order book, 2 min ago; Popdex: 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 | 0.90 bp | 6.6 bp −$7 | 6.8 bp −$68 | 19.6 bp −$1,958 | doesn't fit |
| Sell Popdex live order book, 57 min ago | 0.32 bp | 3.5 bp −$4 | 3.6 bp −$36 | 6.8 bp −$681 | 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 | 7,667.4 | −1.298% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,769.1 | +0.012% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,767 | −0.015% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.2 | +0.039% | $7.2M | $774K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.5 | −0.317% | $17.5M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.7 | −0.007% | $13K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.1 | −0.027% | $2.2M | $28.4M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,768.2 | long leg | $3.2M | $15.5M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.2 | −0.373% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +0.834% | — | $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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDTshort | +0.0048% | 1h | 7,767.9 | −0.004% | $583K | $487K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.4 | −0.036% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.2 | 0.000% | $431.6M | $240.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | −0.031% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.6 | −0.008% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.3 | +0.014% | $9.5M | $7.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.1 | −0.001% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0240% | 1h | 7,764.9 | −0.043% | $542 | $24K | 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