data as of
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Funding arb /

SP500

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 19:00 UTC+0.0032%/8h
next payment, per $10,000+$0.04paid, last 24h+0.009%paid, last 3 days−0.241%to open and close $10k−$13
Long on BulletShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet US500-USD7,776.10get 0.0000% / 1h4m 58s$14K$109K10x
ShortLighter US5007,774.50.0032get 0.0004% / 1h4m 58s$2.8M$26.5M50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$6.72
Slippage, 4 orders
−$5.11
Fee Bullet: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$6.39
Break-even
13.7 days
Slippage from Bullet: live order book, 51 min ago; Lighter: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.020%
Avg gap 7d
−0.030%
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 Bullet live order book, 51 min ago0.50 bp6.3 bp −$620.5 bp −$205doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago0.06 bp0.1 bp $00.2 bp −$23.3 bp −$329163.0 bp −$81.5K

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$10452xas long as short
OKX US500-USDT-SWAP0.0000%8h$153K$299K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$732K50xas long as short
Variational Omni US5000.0000%8h$17.6M$11.3M—as long as short
Bullet US500-USDlong0.0000%1h$14K$109K10x
QFEX US500-USD+0.0008%1h$11.7M$3.1M30xas long as short
Lighter US500short+0.0032%1h$2.8M$26.5M50x
Extended SPX500m-USD+0.0032%1h$3.2M$15.3M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.4M$7.9M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.6M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Popdex US500USDT+0.0048%1h$545K$220K20xas long as short
Paradex US500-USD-PERP+0.0050%8h$43K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$438.2M$257.9M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.5M50xas long as short
SoDEX US500-USD+0.0050%1h$1.1M$85K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$5.8M25xas long as short
Pacifica SP500+0.0100%1h$267K$164K20xas long as short
Aftermath Perps US500USD+0.0310%1h$499$17K10xas long as short