Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: Bitget against Popdex+0.023%7-day average +0.013% · 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−$58as in the Price arb table
costs, in and out, $10k−$590.592% of the position
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.023%, 7d avg +0.013%
=The price spread sits at its 7-day average of +0.013%, 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 | Popdex US500USDT | 7,768.4 | 0.0048 | pay 0.0006% / 1h | 29m 27s | $584K | $486K | 20x |
| Short | Bitget SP500USDT | 7,770.2 | 0 | get 0.0000% / 8h | 3h 29m | $7.2M | $776K | 50x |
Popdex US500USDT
Bitget SP500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Popdex. 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
- −$10.08
- Price spread: +0.023% → +0.013%
- $1.03
- Slippage, 4 orders
- −$40.82
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$68.27
- Costs to cover
- 0.592%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 25 min ago; Bitget: live order book, 4 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 Popdex live order book, 25 min ago | 0.45 bp | 3.7 bp −$4 | 3.7 bp −$37 | 7.3 bp −$729 | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.92 bp | 28.3 bp −$28 | 30.2 bp −$302 | 34.9 bp −$3,489 | 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 | 7,665.5 | −1.325% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,768.8 | +0.005% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,770 | +0.021% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDTshort | 0.0000% | 8h | 7,770.2 | +0.023% | $7.2M | $776K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,740.7 | −0.357% | $17.6M | $9.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.4 | −0.013% | $13K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.6 | −0.036% | $2.2M | $28.6M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.7 | −0.009% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.4 | −0.399% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +0.832% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
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 US500USDTlong | +0.0048% | 1h | 7,768.4 | long leg | $584K | $486K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.1 | −0.042% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.9 | −0.019% | $431.5M | $236.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | −0.033% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.1 | −0.017% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768 | −0.005% | $9.5M | $7.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.4 | −0.013% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0263% | 1h | 7,764.3 | −0.053% | $604 | $25K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD