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

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX+0.001%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$860.856% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.635%−$64 on $10k
Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.001%, 7d avg −0.037%
Together, before fees−0.708%−$71 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.038% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX US500-USDT-SWAP7,7720get 0.0000% / 8h7h 36m$152K$246K20x
ShortBitget SP500USDT7,772.10get 0.0000% / 8h7h 36m$7.2M$797K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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
$0
Price spread: +0.001% → −0.037%
$3.78
Slippage, 4 orders
−$63.62
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$81.84
Costs to cover
0.856%
Break-even
never at this rate
Slippage from OKX: live order book, 33 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 33 min ago0.90 bp40.5 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago1.22 bp18.8 bp −$1934.2 bp −$34241.1 bp −$4,108doesn't fit

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%1h7,668.6−1.330%$7K$10552xas long as short
QFEX US500-USD−0.0045%1h7,769.7−0.030%$11.8M$3.1M30xas long as short
OKX US500-USDT-SWAPlong0.0000%8h7,772long leg$152K$246K20x
Bitget SP500USDTshort0.0000%8h7,772.1+0.001%$7.2M$797K50x
Variational Omni US5000.0000%8h7,744.6−0.352%$17.2M$8.9Mas long as short
Bullet US500-USD0.0000%1h7,769.5−0.032%$13K$108K10xas long as short
Lighter US500+0.0032%1h7,767.2−0.062%$2.2M$28.7M50xas long as short
Extended SPX500m-USD+0.0032%1h7,769.4−0.033%$3.2M$14.0M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,741.1−0.398%$1.6M$7.1M25xas long as short
Vest SPX-USD-PERP+0.0046%1h7,834+0.798%$3.6M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,770.8−0.015%$545K$440K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,766.6−0.069%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,769−0.039%$436.1M$242.8M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,767.2−0.062%$9.0M$2.2M50xas long as short
SoDEX US500-USD+0.0050%1h7,768.8−0.041%$1.1M$85K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,769−0.039%$9.5M$7.0M25xas long as short
Pacifica SP500+0.0100%1h7,769.3−0.035%$261K$177K20xas long as short
Aftermath Perps US500USD+0.0199%1h7,768.4−0.046%$560$21K10xas long as short