Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.011%
Price spread now: Bullet against tradeXYZ−0.004%7-day average +0.004% · 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−$32as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 3 days (all we have)−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.004%, 7d avg +0.004%
=Together, before fees+0.010%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,765.2 | 0.0050 | pay 0.0006% / 1h | 34m 14s | $432.8M | $241.3M | 50x |
| Short | Bullet US500-USD | 7,764.9 | 0 | get 0.0000% / 1h | 34m 14s | $13K | $108K | 10x |
tradeXYZ xyz:SP500
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against tradeXYZ. 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
- −$10.5
- Price spread: −0.004% → +0.004%
- −$0.84
- Slippage, 4 orders
- −$4.81
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$42.15
- Costs to cover
- 0.308%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Bullet: live order book, 35 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 tradeXYZ live order book, 5 min ago | 0.06 bp | 9.1 bp −$9 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 35 min ago | 0.51 bp | 6.3 bp −$6 | 20.8 bp −$208 | 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 | 7,664.3 | −1.299% | $7K | $106 | 52x | as long as short |
| QFEX US500-USD | −0.0031% | 1h | 7,764.6 | −0.008% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.2 | +0.013% | $152K | $234K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.1 | +0.089% | $7.2M | $754K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.2 | −0.323% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,764.9 | −0.004% | $13K | $108K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,763.8 | −0.018% | $2.2M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.2 | +0.012% | $3.2M | $15.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.1 | −0.362% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,830.8 | +0.844% | — | $4.1M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
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 US500USDT | +0.0048% | 1h | 7,767 | +0.023% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.8 | −0.018% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,765.2 | long leg | $432.8M | $241.3M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764 | −0.015% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,764.9 | −0.004% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,765.9 | +0.008% | $9.5M | $7.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.7 | +0.019% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0332% | 1h | 7,765.6 | +0.006% | $458 | $22K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD