Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Popdex−0.035%7-day average −0.031% · 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−$44as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 3 days (all we have)+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.035%, 7d avg −0.031%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex US500USDT | 7,768.1 | 0.0048 | pay 0.0006% / 1h | 13m 08s | $584K | $487K | 20x |
| Short | SoDEX US500-USD | 7,765.4 | 0.0050 | get 0.0006% / 1h | 13m 08s | $1.1M | $85K | 20x |
Popdex US500USDT
SoDEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: −0.035% → −0.031%
- −$0.36
- Slippage, 4 orders
- −$29.57
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$43.91
- Costs to cover
- 0.440%
- Break-even
- 738.8 days
Slippage from Popdex: live order book, 46 min ago; SoDEX: live order book, 1 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, 46 min ago | 0.39 bp | 3.6 bp −$4 | 3.6 bp −$36 | 7.6 bp −$757 | doesn't fit |
| Sell SoDEX live order book, 1 min ago | 1.10 bp | 17.5 bp −$17 | 49.0 bp −$490 | doesn't fit | 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 | 7,665.2 | −1.325% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0029% | 1h | 7,767.9 | −0.003% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,764.4 | −0.048% | $151K | $221K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.4 | +0.042% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.9 | −0.337% | $17.5M | $9.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.9 | −0.029% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764.3 | −0.049% | $2.2M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.1 | −0.025% | $3.2M | $15.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.7 | −0.391% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.3 | +0.813% | — | $4.3M | 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 | 7,768.1 | long leg | $584K | $487K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.2 | −0.050% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.9 | −0.028% | $431.7M | $239.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.2 | −0.050% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USDshort | +0.0050% | 1h | 7,765.4 | −0.035% | $1.1M | $85K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.4 | −0.009% | $9.5M | $7.6M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.2 | −0.012% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0220% | 1h | 7,764.9 | −0.041% | $526 | $24K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD