Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bullet against Paradex+0.015%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex US500-USD-PERP | 7,764.1 | 0.0050 | pay 0.0050% / 8h | 1h 48m | $43K | — | 5x |
| Short | Bullet US500-USD | 7,765.3 | 0 | get 0.0000% / 1h | 48m 57s | $12K | $107K | 10x |
Paradex US500-USD-PERP
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Paradex. 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
- −$10.5
- Price spread: +0.015% → 0.000%
- $1.54
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$20.96
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Bullet: live order book, 35 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 35 min ago | 0.51 bp | 6.3 bp −$6 | 21.1 bp −$211 | doesn't fit | doesn't fit |
Paradex: 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 | 7,663 | −1.303% | $7K | $103 | 52x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,767.2 | +0.039% | $153K | $297K | 20x | as long as short |
| QFEX US500-USD | 0.0000% | 1h | 7,764.6 | +0.006% | $11.7M | $3.1M | 30x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.7 | +0.046% | $7.2M | $801K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,739.6 | −0.316% | $17.5M | $9.9M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,765.3 | +0.015% | $12K | $107K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,764.3 | +0.002% | $2.4M | $27.9M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,765.8 | +0.022% | $3.2M | $15.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.9 | −0.351% | $1.5M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,830.1 | +0.850% | — | $3.6M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Lighter US500
Extended SPX500m-USD
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 US500USDT | +0.0048% | 1h | 7,766 | +0.024% | $428K | $324K | 20x | as long as short |
| Paradex US500-USD-PERPlong | +0.0050% | 8h | 7,764.1 | long leg | $43K | — | 5x | |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.3 | +0.015% | $434.4M | $265.3M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,763.9 | −0.003% | $7.6M | $961K | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,764.9 | +0.010% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,764.3 | +0.003% | $9.5M | $6.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,765.3 | +0.015% | $258K | $196K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0157% | 1h | 7,759.9 | −0.054% | $458 | $20K | 10x | as long as short |
Popdex US500USDT
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD