SP500

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Vest MarketsSPX-USD-PERP	7,669.3	+0.0046	pay 0.0006% / 1h	45m 06s	$4.5M	$486K	50x	Long Vest Markets+5% pts
SHORT	OrderlyPERP_SPX500_USDC	7,627.9	−0.0026	pay 0.0026% / 8h	4h 45m	$342K	$8K	20x	Short Orderly

Price gap−0.540%

Funding gap−0.0072% /8h

The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 2.8 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$21−0.0072% /8h now · paid −0.214% over the last 7D

Price+$6spread −0.540% now, avg −0.600% → +0.060% if it goes back

Costsno datano order book for Vest Markets and Orderly

Result, before costs−$15−0.15%+ Points / potential airdropVest Markets: points · farm boardcosts unknown: no order book for Vest Markets and Orderly · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.540%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SP500 on 25 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Vest Markets and Orderly: its slippage is not counted.
Note: Margin at max leverage$200 + $500
Vest Markets 50x, Orderly 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$2.16Long Vest Markets: 24 payments, −$1.37; short Orderly: 3 payments, −$0.79.
OK: Entry gap works for you−0.540% vs −0.600%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$342K vs $4.5M OI
Orderly sets your exit cost. Check its book before closing.
OK: Points on a legVest Markets points
Volume here counts toward the points program.
OK: No KYC on either legVest Markets No · Orderly No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0102%/8h × 21 periods−$21.43

Price spread−0.540% → −0.600% (7d avg)+$6.04

Slippage, 4 ordersno data for Vest Markets and Orderly—

Fee Vest Markets bp × 2 orders−$2.00

Fee Orderly bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$23.39

Costs to cover0.080%Break-evennever at this rate

Slippage: Vest Markets: no order-book sample; Orderly: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGVest Markets—————

SELL · SHORTOrderly—————

Closing costs about the same again.
Vest Markets and Orderly: no data.

SP500 news

posts that mention SP500 or S&P 500, from every exchangeSearch all news →

10-24 20:00	Kalshi	Other	JUST IN: Investment firm says S&P 500 could plunge 30% if AI stocks "go bust" @Kalshi on X ↗
10-23 12:00	Bybit	Other	@Bybit_Learn Recap of market action yesterday (Thur, Oct 22): - Bitcoin -4%, biggest 1-day drop since June - S&P 500 -1.2%, biggest 1-day drop since July - Gold -2.8%, now set for biggest weekly drop since June ICYMI: @Bybit_Learn shared a warning since Tue, Oct 20: @Bybit_Official on X ↗
10-21 18:18	Markets by Kinetiq	Other	Short tail HIP-3 offerings include US500, USTECH, TLT, IWM @Markets_xyz on X ↗
10-21 17:00	Kalshi	Other	BREAKING: Ed Yardeni says the AI bubble is real, but it isn't ready to burst yet 64% chance the S&P 500 closes 2027 above $8,000 @Kalshi on X ↗
10-21 03:30	Kalshi	Other	JUST IN: Corporate earnings growth is set to slow, per Bank of America • 10 of 11 S&P 500 sectors are estimated to post lower earnings growth in Q3 than in Q2 • Consumer Discretionary slows the most — from +91% to just +2% • Financials fall from +22.3% to +2.4% @Kalshi on X ↗
10-19 21:30	Kalshi	Other	JUST IN: Goldman Sachs warns markets face higher volatility as investor positioning turns defensive S&P 500 is expected to close 2026 at approximately $7,700 @Kalshi on X ↗