Funding you earn now, next payment 09:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.066%
Price spread now: Bullet against Injective+1.076%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bullet is 1.076% dearer against Injective than usual: you sell high and buy low: +$108 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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 | Injective US500/USDC PERP | 7,663.3 | −0.0220 | get 0.0028% / 1h | 35m 47s | $7K | $104 | 52x |
| Short | Bullet US500-USD | 7,745.7 | 0 | get 0.0000% / 1h | 35m 47s | $14K | $105K | 10x |
Injective US500/USDC PERP
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Injective. 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
- $46.2
- Price spread: +1.076% → 0.000%
- $107.55
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $145.73
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bullet: live order book, 63 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 63 min ago | 0.50 bp | 6.3 bp −$6 | 20.6 bp −$206 | doesn't fit | doesn't fit |
Injective: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERPlong | −0.0220% | 1h | 7,663.3 | long leg | $7K | $104 | 52x | |
| QFEX US500-USD | −0.0042% | 1h | 7,746.3 | +1.083% | $9.9M | $3.1M | 30x | as long as short |
| Extended SPX500m-USD | −0.0032% | 1h | 7,750.4 | +1.137% | $3.3M | $11.3M | 25x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,749.4 | +1.124% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,752.8 | +1.168% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,725.1 | +0.806% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,745.7 | +1.076% | $14K | $105K | 10x | |
| tradeXYZ xyz:SP500 | +0.0003% | 1h | 7,747.3 | +1.096% | $428.8M | $236.9M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,747.6 | +1.100% | $2.0M | $28.1M | 50x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,720.1 | +0.741% | $1.6M | $7.5M | 25x | as long as short |
QFEX US500-USD
Extended SPX500m-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
tradeXYZ xyz:SP500
Lighter US500
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,814.5 | +1.973% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,750.2 | +1.134% | $623K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,746 | +1.079% | $42K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,747.7 | +1.101% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,747.2 | +1.095% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,747.4 | +1.097% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,749 | +1.118% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0326% | 1h | 7,747.9 | +1.104% | $473 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD