Settings8H · net · $10k
Funding arb · Price arb /

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0022%/8h= −2.4% APRnext payment $0.03 per $10,000 · paid last 24h −0.009%
Price spread now: Extended against Vest−0.848%7-day average −0.970% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.027%−$3 on $10k
Price spread, last 7 days−0.079%−$8 · spread now −0.848%, 7d avg −0.970%
Together, before fees−0.105%+ Points / potential airdropVest: Active · Extended: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.122% dearer against Vest than usual: you sell high and buy low (spread −0.848% now, against its 7-day average of −0.970%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest SPX-USD-PERP7,817.30.0046pay 0.0006% / 1h43m 06s$4.3M50x
ShortExtended SPX500m-USD7,7510.0024get 0.0003% / 1h43m 06s$3.3M$11.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Vest. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$4.55
Price spread: −0.848% → −0.970%
$12.24
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$0.69
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; Extended: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Extended live order book, 6 min ago0.90 bp7.1 bp −$79.7 bp −$9722.1 bp −$2,210doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h7,663.3−1.969%$7K$10452xas long as short
QFEX US500-USD−0.0042%1h7,749.1−0.872%$9.9M$3.1M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,758.8−0.748%$141K$227K20xas long as short
Bitget SP500USDT0.0000%8h7,754.5−0.803%$7.2M$768K50xas long as short
Variational Omni US5000.0000%8h7,730.8−1.106%$17.5M$8.3Mas long as short
Bullet US500-USD0.0000%1h7,748.8−0.876%$13K$105K10xas long as short
tradeXYZ xyz:SP500+0.0013%1h7,747.9−0.887%$428.4M$236.6M50xas long as short
Extended SPX500m-USDshort+0.0024%1h7,751−0.848%$3.3M$11.5M25x
Lighter US500+0.0032%1h7,748.5−0.879%$2.0M$28.1M50xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,722−1.218%$1.6M$7.4M25xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SPX-USD-PERPlong+0.0046%1h7,817.3long leg$4.3M50x
Popdex US500USDT+0.0048%1h7,752.9−0.823%$623K$527K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,749.1−0.872%$42K5xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,751−0.847%$9.0M$2.2M50xas long as short
SoDEX US500-USD+0.0050%1h7,748.4−0.881%$1.3M$191K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,750.6−0.853%$9.5M$8.2M25xas long as short
Pacifica SP500+0.0100%1h7,750.1−0.859%$258K$173K20xas long as short
Aftermath Perps US500USD+0.0334%1h7,751.3−0.844%$446$30K10xas long as short