Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Extended against Polymarket Perps+0.039%49s7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$170.170% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now +0.039%, 7d avg −0.014%
=Together, before fees−0.046%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.054% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10.0 days. At the pace of the last 7 days (−0.088% in total) that is about 4.3 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SP500-USD | 7,765.3 | 0.0050 | pay 0.0006% / 1h | 23m 34s | $9.0M | $2.3M | 50x |
| Short | Extended SPX500m-USD | 7,768.4 | 0.0032 | get 0.0004% / 1h | 23m 34s | $3.2M | $13.5M | 25x |
Polymarket Perps SP500-USD
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Polymarket Perps. 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
- −$3.78
- Price spread: +0.039% → −0.014%
- $5.38
- Slippage, 4 orders
- −$4.05
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$15.44
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; Extended: live order book, 5 min ago.
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 Polymarket Perps live order book, 6 min ago | 0.06 bp | 4.3 bp −$4 | 5.5 bp −$55 | 5.9 bp −$587 | 11.5 bp −$5,754 |
| Sell Extended live order book, 5 min ago | 1.03 bp | 3.5 bp −$4 | 6.0 bp −$60 | 19.9 bp −$1,992 | doesn't fit |
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 | 7,667.7 | −1.257% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,765.9 | +0.008% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,771.1 | +0.075% | $154K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.1 | +0.062% | $7.2M | $790K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743 | −0.288% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.2 | +0.024% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.7 | +0.005% | $2.2M | $28.6M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,768.4 | +0.039% | $3.2M | $13.5M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.6 | −0.344% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +0.872% | — | $3.5M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
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 | 7,768.4 | +0.040% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.6 | +0.004% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.2 | +0.024% | $436.7M | $252.8M | 50x | as long as short |
| Polymarket Perps SP500-USDlong | +0.0050% | 1h | 7,765.3 | long leg | $9.0M | $2.3M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.1 | +0.023% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.2 | +0.024% | $9.5M | $6.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.7 | +0.031% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0114% | 1h | 7,765.6 | +0.004% | $547 | $22K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD