SP500

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Ondo Perps+0.010%7-day average +0.019% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.010%, 7d avg +0.019%

Together, before fees+0.022%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US500-USD.P	7,767.3	0.0050	pay 0.0006% / 1h	50m 31s	$9.5M	$8.1M	25x
Short	Popdex US500USDT	7,768.1	0.0048	get 0.0006% / 1h	50m 31s	$624K	$529K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Ondo Perps. 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee PopdexbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$0.5
Price spread: +0.010% → +0.019%: −$0.93
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$12.83
Costs to cover: 0.114%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Popdex: live order book, 53 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Popdex live order book, 53 min ago	0.39 bp	3.6 bp −$4	3.6 bp −$36	7.3 bp −$727	doesn't fit

Ondo Perps: 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 PERP	−0.0220%	1h	7,666.5	−1.298%	$7K	$105	52x	as long as short
QFEX US500-USD	−0.0043%	1h	7,766.2	−0.014%	$11.9M	$2.2M	30x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	7,766.4	−0.012%	$141K	$231K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	7,768.8	+0.019%	$7.2M	$767K	50x	as long as short
Variational Omni US500	0.0000%	8h	7,741.8	−0.328%	$17.5M	$9.2M	—	as long as short
Bullet US500-USD	0.0000%	1h	7,766.2	−0.014%	$12K	$105K	10x	as long as short
Lighter US500	+0.0032%	1h	7,765.5	−0.023%	$1.9M	$27.8M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	7,768.3	+0.013%	$3.2M	$13.2M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	7,738.8	−0.367%	$1.6M	$7.5M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	7,833.6	+0.854%	—	$4.3M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex US500USDTshort	+0.0048%	1h	7,768.1	+0.010%	$624K	$529K	20x
Paradex US500-USD-PERP	+0.0050%	8h	7,765.9	−0.018%	$43K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	7,766.1	−0.016%	$437.0M	$236.0M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	7,765.6	−0.022%	$9.0M	$2.3M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	7,766.4	−0.012%	$1.2M	$99K	20x	as long as short
Ondo Perps US500-USD.Plong	+0.0050%	1h	7,767.3	long leg	$9.5M	$8.1M	25x
Pacifica SP500	+0.0100%	1h	7,768.3	+0.013%	$261K	$164K	20x	as long as short
Aftermath Perps US500USD	+0.0327%	1h	7,767.3	0.000%	$481	$28K	10x	as long as short