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

SP500

RWAall SP500 markets
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Funding spread now, next payment 16:00 UTC−0.0358%/8h
next payment, per $10,000$0.45paid, last 24h−0.025%paid, last 3 days+0.026%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 0.026% in total (about 3.4% 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 US500USD7,728.10.0406pay 0.0051% / 1h27m 35s$488$13K10x
ShortPopdex US500USDT7,729.90.0048get 0.0006% / 1h27m 35s$564K$192K20x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
−$75.09
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$90.49
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Popdex: live order book, 23 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.023%
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 Popdex live order book, 23 min ago0.32 bp3.5 bp −$43.6 bp −$365.9 bp −$588doesn'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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$125K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$150K$286K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$720K50xas 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$19.8M50xas long as short
Extended SPX500m-USD+0.0032%1h$3.4M$13.3M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.8M$7.1M25xas long as short
Vest SPX-USD-PERP+0.0046%1h$3.1M50xas long as short
Popdex US500USDTshort+0.0048%1h$564K$192K20x
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$430.2M$220.3M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.7M50xas long as short
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+0.0132%8h$17.4M$11.2Mas long as short
Aftermath Perps US500USDlong+0.0406%1h$488$13K10x