Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.004%
Price spread now: Extended against Bullet+0.006%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 3 days (all we have)+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.006%, 7d avg −0.054%
=Together, before fees+0.018%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.060% dearer against Bullet than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet US500-USD | 7,767 | 0 | get 0.0000% / 1h | 46m 46s | $11K | $108K | 10x |
| Short | Extended SPX500m-USD | 7,767.5 | 0.0032 | get 0.0004% / 1h | 46m 46s | $3.2M | $15.5M | 25x |
Bullet US500-USD
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.72
- Price spread: +0.006% → −0.054%
- $5.99
- Slippage, 4 orders
- −$9.14
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$9.42
- Costs to cover
- 0.221%
- Break-even
- 16.8 days
Slippage from Bullet: live order book, 17 min ago; Extended: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bullet live order book, 17 min ago | 0.50 bp | 6.3 bp −$6 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.64 bp | 6.4 bp −$6 | 7.8 bp −$78 | 19.9 bp −$1,990 | doesn't fit |
SP500 on 18 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,665.8 | −1.303% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,767.4 | +0.005% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.9 | −0.015% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.7 | +0.047% | $7.2M | $762K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.3 | −0.305% | $17.4M | $9.1M | — | as long as short |
| Bullet US500-USDlong | 0.0000% | 1h | 7,767 | long leg | $11K | $108K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,765.3 | −0.022% | $2.1M | $28.1M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,767.5 | +0.006% | $3.2M | $15.5M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.4 | −0.356% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.1 | +0.838% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Lighter US500
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,768.2 | +0.015% | $545K | $448K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.7 | −0.029% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.3 | +0.003% | $431.5M | $241.3M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.2 | −0.024% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.8 | −0.003% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.8 | +0.023% | $9.5M | $7.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.9 | +0.011% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0319% | 1h | 7,766.4 | −0.008% | $605 | $23K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD