Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Polymarket Perps against Popdex−0.041%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$160.159% of the position
Funding, last 3 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.041%, 7d avg −0.044%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex US500USDT | 7,767.6 | 0.0048 | pay 0.0006% / 1h | 20m 05s | $545K | $440K | 20x |
| Short | Polymarket Perps SP500-USD | 7,764.4 | 0.0050 | get 0.0006% / 1h | 20m 05s | $9.0M | $2.3M | 50x |
Popdex US500USDT
Polymarket Perps SP500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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 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: −0.041% → −0.044%
- $0.23
- Slippage, 4 orders
- −$1.53
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$15.28
- Costs to cover
- 0.159%
- Break-even
- 261.7 days
Slippage from Popdex: live order book, 59 min ago; Polymarket Perps: 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, 59 min ago | 0.39 bp | 3.6 bp −$4 | 3.7 bp −$37 | 7.9 bp −$795 | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 0.06 bp | 4.1 bp −$4 | 4.3 bp −$43 | 5.2 bp −$519 | 10.7 bp −$5,342 |
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 | −1.286% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,765.9 | −0.022% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,771 | +0.044% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.1 | +0.032% | $7.2M | $790K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.9 | −0.305% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.3 | −0.016% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.2 | −0.031% | $2.2M | $28.6M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.1 | +0.006% | $3.2M | $13.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.375% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.5 | +0.836% | — | $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
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 | 7,767.6 | long leg | $545K | $440K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.3 | −0.029% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.5 | −0.014% | $437.3M | $253.4M | 50x | as long as short |
| Polymarket Perps SP500-USDshort | +0.0050% | 1h | 7,764.4 | −0.041% | $9.0M | $2.3M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.6 | −0.013% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767 | −0.007% | $9.5M | $6.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.3 | −0.004% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0127% | 1h | 7,765.9 | −0.022% | $581 | $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