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

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0286%/8h= −31.3% APRnext payment $0.36 per $10,000 · paid last 24h −0.072%
Price spread now: Markets by Kinetiq against Aftermath Perps−0.378%7-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 3 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 −$9 a day on $10k at the current rate, and Markets by Kinetiq is 0.378% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps US500USD7,768.10.0332pay 0.0041% / 1h24m 00s$530$28K10x
ShortMarkets by Kinetiq mkts:US5007,738.70.0046get 0.0006% / 1h24m 00s$1.6M$7.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Markets by Kinetiq 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
−$60.05
Price spread: −0.378% → 0.000%
−$37.82
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Markets by Kinetiq: 0.81 bp × 2 orders
−$1.62
Net
−$108.49
Costs to cover
0.106%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Markets by Kinetiq: live order book, 3 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 Aftermath Perps no order-book sample
Sell Markets by Kinetiq live order book, 3 min ago0.06 bp0.9 bp −$1doesn't fitdoesn't fitdoesn't fit
Aftermath Perps: 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%1h7,664.6−1.332%$7K$10752xas long as short
QFEX US500-USD−0.0039%1h7,768.4+0.004%$11.9M$2.2M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,765.6−0.032%$141K$232K20xas long as short
Bitget SP500USDT0.0000%8h7,770+0.025%$7.2M$773K50xas long as short
Variational Omni US5000.0000%8h7,742.2−0.333%$17.5M$9.3Mas long as short
Bullet US500-USD0.0000%1h7,768.2+0.002%$13K$105K10xas long as short
Lighter US500+0.0032%1h7,767.6−0.006%$2.0M$28.5M50xas long as short
Extended SPX500m-USD+0.0032%1h7,770.6+0.033%$3.2M$14.3M25xas long as short
Markets by Kinetiq mkts:US500short+0.0046%1h7,738.7−0.378%$1.6M$7.5M25x
Vest SPX-USD-PERP+0.0046%1h7,835.5+0.868%$4.3M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,769.6+0.020%$625K$528K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,767.4−0.009%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,768.5+0.005%$432.0M$234.2M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,766−0.027%$9.0M$2.3M50xas long as short
SoDEX US500-USD+0.0050%1h7,768.3+0.003%$1.1M$69K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,769.5+0.018%$9.5M$8.0M25xas long as short
Pacifica SP500+0.0100%1h7,768.2+0.002%$261K$174K20xas long as short
Aftermath Perps US500USDlong+0.0332%1h7,768.1long leg$530$28K10x