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

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0541%/8h= −59.3% APRnext payment $0.68 per $10,000 · paid last 24h −0.158%
Price spread now: Injective against Aftermath Perps−1.303%55s7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 1.303% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$130 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps US500USD7,767.30.0321pay 0.0040% / 1h57m 55s$507$28K10x
ShortInjective US500/USDC PERP7,666.1−0.0220pay 0.0028% / 1h57m 55s$7K$10452x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Aftermath Perps. 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
−$113.67
Price spread: −1.303% → 0.000%
−$130.28
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$252.97
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Injective: no order-book sample. 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 Aftermath Perps no order-book sample
Sell Injective no order-book sample
Aftermath Perps and Injective: 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 PERPshort−0.0220%1h7,666.1−1.303%$7K$10452x
QFEX US500-USD−0.0043%1h7,768+0.009%$11.9M$2.2M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,766.4−0.011%$141K$231K20xas long as short
Bitget SP500USDT0.0000%8h7,770+0.035%$7.2M$765K50xas long as short
Variational Omni US5000.0000%8h7,743.1−0.312%$17.5M$9.3Mas long as short
Bullet US500-USD0.0000%1h7,767.6+0.004%$13K$105K10xas long as short
Lighter US500+0.0032%1h7,766.3−0.013%$1.9M$27.8M50xas long as short
Extended SPX500m-USD+0.0032%1h7,768.8+0.020%$3.2M$13.5M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,739−0.364%$1.6M$7.5M25xas long as short
Vest SPX-USD-PERP+0.0046%1h7,834.3+0.862%$4.3M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,769.4+0.027%$624K$528K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,766.9−0.005%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,767.30.000%$436.9M$238.8M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,766.8−0.006%$9.0M$2.3M50xas long as short
SoDEX US500-USD+0.0050%1h7,767.30.000%$1.1M$76K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,768.4+0.015%$9.5M$8.1M25xas long as short
Pacifica SP500+0.0100%1h7,769+0.022%$261K$164K20xas long as short
Aftermath Perps US500USDlong+0.0321%1h7,767.3long leg$507$28K10x