Funding you earn now, next payment 02:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Popdex against Polymarket Perps+0.036%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$160.161% of the position
Funding, last 3 days (all we have)+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.036%, 7d avg +0.044%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SP500-USD | 7,763.6 | 0.0050 | pay 0.0006% / 1h | 40m 46s | $9.0M | $2.3M | 50x |
| Short | Popdex US500USDT | 7,766.4 | 0.0048 | get 0.0006% / 1h | 40m 46s | $545K | $439K | 20x |
Polymarket Perps SP500-USD
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$0.42
- Price spread: +0.036% → +0.044%
- −$0.75
- Slippage, 4 orders
- −$1.71
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$17.28
- Costs to cover
- 0.161%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Popdex: live order book, 28 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, 3 min ago | 0.06 bp | 4.5 bp −$4 | 5.5 bp −$55 | 6.0 bp −$595 | 11.8 bp −$5,917 |
| Sell Popdex live order book, 28 min ago | 0.32 bp | 3.5 bp −$4 | 3.5 bp −$35 | 6.9 bp −$692 | 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 | 7,667.2 | −1.242% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0031% | 1h | 7,765.4 | +0.023% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.2 | +0.033% | $152K | $234K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.4 | +0.113% | $7.2M | $759K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.6 | −0.297% | $17.2M | $8.8M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,764.6 | +0.013% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,763.5 | −0.001% | $2.2M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,765.9 | +0.030% | $3.2M | $15.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.9 | −0.344% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,830.6 | +0.863% | — | $4.1M | 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
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 US500USDTshort | +0.0048% | 1h | 7,766.4 | +0.036% | $545K | $439K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,762.8 | −0.010% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,764.5 | +0.012% | $433.3M | $241.4M | 50x | as long as short |
| Polymarket Perps SP500-USDlong | +0.0050% | 1h | 7,763.6 | long leg | $9.0M | $2.3M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,764.6 | +0.013% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,765.3 | +0.021% | $9.5M | $7.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,765.8 | +0.029% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0303% | 1h | 7,766 | +0.031% | $564 | $22K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD