SP500

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OrderlyPERP_SPX500_USDC	7,622.5	+0.0100	pay 0.0100% / 8h	6h 38m	$341K	$611	20x	Long Orderly
SHORT	AZversesp500_usdt	7,624.6	+0.0040	get 0.0005% / 1h	38m 03s	$284K	$20K	—	Short AZverse

Price gap+0.028%

Funding gap−0.0060% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 40 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$2−0.0060% /8h now · paid −0.019% over the last 21 hours (all we have)

Price+$3spread +0.028% now, avg −0.002% → +0.030% if it goes back

Costsno datano order book for Orderly and AZverse

Result, before costs+$1+0.01%no pointscosts unknown: no order book for Orderly and AZverse · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.028%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SP500 on 25 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Orderly and AZverse: its slippage is not counted.
Note: Margin at max leverage$500 + —
Orderly 20x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$1.80Long Orderly: 3 payments, −$3.00; short AZverse: 24 payments, +$1.20.
OK: Entry gap works for you+0.028% vs −0.002%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$284K vs $341K OI
AZverse sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legOrderly No · AZverse No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0073%/8h × 21 periods−$15.33

Price spread+0.028% → −0.002% (7d avg)+$2.97

Slippage, 4 ordersno data for Orderly and AZverse—

Fee Orderly bp × 2 orders−$6.00

Fee AZverse bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$30.36

Costs to cover0.180%Break-evennever at this rate

Slippage: Orderly: no order-book sample; AZverse: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGOrderly—————

SELL · SHORTAZverse—————

Closing costs about the same again.
Orderly and AZverse: no data.

SP500 news

posts that mention SP500 or S&P 500, from every exchangeSearch all news →

10-24 20:00	Kalshi	Other	JUST IN: Investment firm says S&P 500 could plunge 30% if AI stocks "go bust" @Kalshi on X ↗
10-23 12:00	Bybit	Other	@Bybit_Learn Recap of market action yesterday (Thur, Oct 22): - Bitcoin -4%, biggest 1-day drop since June - S&P 500 -1.2%, biggest 1-day drop since July - Gold -2.8%, now set for biggest weekly drop since June ICYMI: @Bybit_Learn shared a warning since Tue, Oct 20: @Bybit_Official on X ↗
10-21 18:18	Markets by Kinetiq	Other	Short tail HIP-3 offerings include US500, USTECH, TLT, IWM @Markets_xyz on X ↗
10-21 17:00	Kalshi	Other	BREAKING: Ed Yardeni says the AI bubble is real, but it isn't ready to burst yet 64% chance the S&P 500 closes 2027 above $8,000 @Kalshi on X ↗
10-21 03:30	Kalshi	Other	JUST IN: Corporate earnings growth is set to slow, per Bank of America • 10 of 11 S&P 500 sectors are estimated to post lower earnings growth in Q3 than in Q2 • Consumer Discretionary slows the most — from +91% to just +2% • Financials fall from +22.3% to +2.4% @Kalshi on X ↗
10-19 21:30	Kalshi	Other	JUST IN: Goldman Sachs warns markets face higher volatility as investor positioning turns defensive S&P 500 is expected to close 2026 at approximately $7,700 @Kalshi on X ↗