Funding arb · Price arb /

SP500

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

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

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

Long on Paradex Short on Ondo Perps

What this pair did over the last

the charts below follow

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—+ Points / potential airdropParadex: Active · Ondo Perps: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex US500-USD-PERP	7,766.7	0.0050	pay 0.0050% / 8h	16m 51s	$43K	—	5x
Short	Ondo Perps US500-USD.P	7,768.2	0.0050	get 0.0006% / 1h	16m 51s	$9.5M	$6.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Paradex. 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 ParadexbpFee Ondo PerpsbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.08
Price spread: +0.019% → 0.000%: $1.92
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7
Costs to cover: 0.090%
Break-even: 590.1 days

Slippage unknown: Paradex: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample	—	—	—	—	—

Paradex and 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	7,667.5	−1.278%	$7K	$106	52x	as long as short
QFEX US500-USD	−0.0038%	1h	7,767.6	+0.011%	$11.8M	$3.1M	30x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	7,771	+0.055%	$153K	$252K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	7,769.9	+0.041%	$7.2M	$790K	50x	as long as short
Variational Omni US500	0.0000%	8h	7,743.9	−0.294%	$17.2M	$9.2M	—	as long as short
Bullet US500-USD	0.0000%	1h	7,767.7	+0.013%	$12K	$106K	10x	as long as short
Lighter US500	+0.0032%	1h	7,766.5	−0.003%	$2.2M	$28.6M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	7,769.3	+0.033%	$3.2M	$13.5M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	7,739	−0.357%	$1.6M	$7.3M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	7,833.8	+0.863%	—	$3.5M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex US500USDT	+0.0048%	1h	7,769.2	+0.032%	$545K	$440K	20x	as long as short
Paradex US500-USD-PERPlong	+0.0050%	8h	7,766.7	long leg	$43K	—	5x
tradeXYZ xyz:SP500	+0.0050%	1h	7,767.9	+0.015%	$437.1M	$254.2M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	7,766	−0.010%	$9.0M	$2.3M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	7,767.9	+0.015%	$1.1M	$85K	20x	as long as short
Ondo Perps US500-USD.Pshort	+0.0050%	1h	7,768.2	+0.019%	$9.5M	$6.9M	25x
Pacifica SP500	+0.0100%	1h	7,768.1	+0.018%	$258K	$195K	20x	as long as short
Aftermath Perps US500USD	+0.0128%	1h	7,765.2	−0.019%	$612	$22K	10x	as long as short