Settings8H · net · $10k
Funding arb · Price arb /

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0275%/8h= +30.1% APRnext payment +$0.34 per $10,000 · paid last 24h +0.080%
Price spread now: Aftermath Perps against Popdex−0.041%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Aftermath Perps is 0.041% cheaper against Popdex than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$8 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex US500USDT7,751.10.0048pay 0.0006% / 1h34m 41s$623K$508K20x
ShortAftermath Perps US500USD7,747.90.0323get 0.0040% / 1h34m 41s$473$30K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Popdex. 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

Funding earned
$57.8
Price spread: −0.041% → 0.000%
−$4.13
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$38.27
Costs to cover
0.154%
Break-even
2.4 days
Slippage unknown: Popdex: live order book, 64 min ago; Aftermath 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
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 64 min ago0.51 bp3.7 bp −$43.9 bp −$397.4 bp −$743doesn't fit
Sell Aftermath Perps no order-book sample
Aftermath 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h7,663.3−1.133%$7K$10452xas long as short
QFEX US500-USD−0.0042%1h7,747.5−0.046%$9.9M$3.1M30xas long as short
Extended SPX500m-USD−0.0040%1h7,750.3−0.011%$3.3M$11.3M25xas long as short
OKX US500-USDT-SWAP0.0000%8h7,749.4−0.022%$141K$229K20xas long as short
Bitget SP500USDT0.0000%8h7,752.8+0.022%$7.2M$768K50xas long as short
Variational Omni US5000.0000%8h7,725.1−0.336%$17.5M$8.3Mas long as short
Bullet US500-USD0.0000%1h7,747.5−0.046%$13K$105K10xas long as short
tradeXYZ xyz:SP500+0.0002%1h7,747−0.053%$428.7M$237.0M50xas long as short
Lighter US500+0.0032%1h7,747.3−0.049%$2.0M$28.1M50xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,719.8−0.404%$1.6M$7.5M25xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SPX-USD-PERP+0.0046%1h7,816.3+0.841%$4.3M50xas long as short
Popdex US500USDTlong+0.0048%1h7,751.1long leg$623K$508K20x
Paradex US500-USD-PERP+0.0050%8h7,747.3−0.049%$42K5xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,750.2−0.012%$9.0M$2.2M50xas long as short
SoDEX US500-USD+0.0050%1h7,747.2−0.050%$1.3M$191K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,748.4−0.034%$9.5M$8.3M25xas long as short
Pacifica SP500+0.0100%1h7,750.1−0.013%$258K$173K20xas long as short
Aftermath Perps US500USDshort+0.0323%1h7,747.9−0.041%$473$30K10x