Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%
Price spread now: Bullet against Vest−0.832%7-day average −0.966% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.043%−$4 on $10k
+Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.832%, 7d avg −0.966%
=Together, before fees−0.102%+ Points / potential airdropVest: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bullet is 0.134% dearer against Vest than usual: you sell high and buy low (spread −0.832% now, against its 7-day average of −0.966%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPX-USD-PERP | 7,829.3 | 0.0046 | pay 0.0006% / 1h | 46m 59s | — | $3.6M | 50x |
| Short | Bullet US500-USD | 7,764.1 | 0 | get 0.0000% / 1h | 46m 59s | $12K | $106K | 10x |
Vest SPX-USD-PERP
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Vest. 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
- −$9.59
- Price spread: −0.832% → −0.966%
- $13.42
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$6.17
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Bullet: live order book, 37 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 37 min ago | 0.51 bp | 6.3 bp −$6 | 21.1 bp −$211 | doesn't fit | doesn't fit |
Vest: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,663 | −2.123% | $7K | $103 | 52x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,767.2 | −0.793% | $153K | $296K | 20x | as long as short |
| QFEX US500-USD | 0.0000% | 1h | 7,763.9 | −0.835% | $11.7M | $3.1M | 30x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.2 | −0.793% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,739.6 | −1.145% | $17.5M | $9.9M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,764.1 | −0.832% | $12K | $106K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,762.8 | −0.849% | $2.4M | $28.0M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,764.3 | −0.830% | $3.2M | $15.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,735.9 | −1.192% | $1.5M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERPlong | +0.0046% | 1h | 7,829.3 | long leg | — | $3.6M | 50x |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Lighter US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,765.2 | −0.818% | $428K | $324K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.1 | −0.846% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,764 | −0.833% | $434.2M | $265.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,762.7 | −0.850% | $7.6M | $962K | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,763.6 | −0.839% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,763.7 | −0.838% | $9.5M | $6.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,764.6 | −0.826% | $258K | $196K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0146% | 1h | 7,759.9 | −0.885% | $504 | $20K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD