SP500

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.066%

Price spread now: Injective against Bullet−1.291%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Injective

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 1.291% cheaper against Bullet than usual: you would sell low and buy high (spread −1.291% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$129 on $10k: about 4 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet US500-USD	7,763.5	0	get 0.0000% / 1h	56m 41s	$13K	$104K	10x
Short	Injective US500/USDC PERP	7,663.3	0.0033	get 0.0004% / 1h	56m 41s	$7K	$100	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bullet. 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

Position, each leg$Hold fordaysFee BulletbpFee InjectivebpOrdersPrice spread, now −1.291%Rate

Funding earned: $7
Price spread: −1.291% → 0.000%: −$129.07
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$130.09
Costs to cover: 0.080%
Break-even: 137.1 days

Slippage unknown: Bullet: live order book, 37 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bullet live order book, 37 min ago	0.51 bp	6.3 bp −$6	20.9 bp −$209	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX US500-USD	−0.0052%	1h	7,764.1	+0.008%	$9.9M	$3.2M	30x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	7,761.9	−0.021%	$137K	$235K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	7,765.4	+0.024%	$7.2M	$566K	50x	as long as short
Variational Omni US500	0.0000%	8h	7,740.5	−0.296%	$17.5M	$8.3M	—	as long as short
Bullet US500-USDlong	0.0000%	1h	7,763.5	long leg	$13K	$104K	10x
Lighter US500	+0.0024%	1h	7,762.4	−0.014%	$2.1M	$28.4M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	7,765.9	+0.030%	$3.2M	$10.7M	25x	as long as short
Injective US500/USDC PERPshort	+0.0033%	1h	7,663.3	−1.291%	$7K	$100	52x
tradeXYZ xyz:SP500	+0.0043%	1h	7,764	+0.006%	$426.3M	$243.4M	50x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	7,736.8	−0.344%	$1.5M	$7.8M	25x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPX-USD-PERP	+0.0046%	1h	7,831.1	+0.871%	—	$4.3M	50x	as long as short
Popdex US500USDT	+0.0048%	1h	7,765.4	+0.024%	$624K	$508K	20x	as long as short
Paradex US500-USD-PERP	+0.0050%	8h	7,763.6	+0.001%	$43K	—	5x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	7,762.2	−0.017%	$9.0M	$2.2M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	7,763.9	+0.005%	$1.4M	$191K	20x	as long as short
Ondo Perps US500-USD.P	+0.0050%	1h	7,764.9	+0.018%	$9.5M	$8.5M	25x	as long as short
Pacifica SP500	+0.0100%	1h	7,766.1	+0.034%	$259K	$172K	20x	as long as short
Aftermath Perps US500USD	+0.0251%	1h	7,765.7	+0.029%	$546	$30K	10x	as long as short