data as of
Settings8H · net · $10k
Funding arb /

SP500

RWAall SP500 markets
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Funding spread now, next payment 16:00 UTC−0.0359%/8h
next payment, per $10,000$0.45paid, last 24h−0.032%paid, last 3 days+0.071%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid 0.071% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps US500USD7,727.70.0409pay 0.0051% / 1h34m 43s$444$13K10x
ShortPolymarket Perps SP500-USD7,728.90.0050get 0.0006% / 1h34m 43s$7.6M$1.7M50x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
−$75.31
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$92.31
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Polymarket Perps: live order book, 6 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.016%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

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 Polymarket Perps live order book, 6 min ago0.06 bp4.8 bp −$55.7 bp −$576.1 bp −$60812.5 bp −$6,229
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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$125K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$150K$281K20xas long as short
Bitget SP500USDT0.0000%8h$7.3M$709K50xas long as short
Bullet US500-USD0.0000%1h$13K$108K10xas long as short
QFEX US500-USD+0.0015%1h$11.7M$3.0M30xas long as short
Lighter US500+0.0032%1h$3.5M$19.7M50xas long as short
Extended SPX500m-USD+0.0032%1h$3.4M$13.3M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.7M$7.1M25xas long as short
Vest SPX-USD-PERP+0.0046%1h$2.9M50xas long as short
Popdex US500USDT+0.0048%1h$564K$192K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$42K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$430.4M$219.1M50xas long as short
Polymarket Perps SP500-USDshort+0.0050%1h$7.6M$1.7M50x
SoDEX US500-USD+0.0050%1h$1.0M$46K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$5.5M25xas long as short
Pacifica SP500+0.0100%1h$268K$126K20xas long as short
Variational Omni US500+0.0134%8h$17.4M$11.3Mas long as short
Aftermath Perps US500USDlong+0.0409%1h$444$13K10x