SP500

Alert

Funding spread now, next payment 17:00 UTC+0.0050%/8h

paid, last 24h+0.015%paid, last 3 days+0.050%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet US500-USD	7,751.9	0	get 0.0000% / 1h	10m 24s	$14K	$109K	10x
Short	Paradex US500-USD-PERP	7,749.7	0.0050	get 0.0050% / 8h	7h 10m	$42K	—	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BulletbpFee ParadexbpOrdersRate

Funding earned: $10.5
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.5
Break-even: 8.0 days

Slippage unknown: Bullet: live order book, 55 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.029%
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 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bullet live order book, 55 min ago	0.51 bp	6.3 bp −$6	20.4 bp −$204	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective US500/USDC PERP	−0.0220%	1h	$6K	$125K	52x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	$151K	$293K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	$7.2M	$747K	50x	as long as short
Bullet US500-USDlong	0.0000%	1h	$14K	$109K	10x
QFEX US500-USD	+0.0006%	1h	$11.7M	$2.9M	30x	as long as short
Lighter US500	+0.0032%	1h	$3.1M	$22.3M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	$3.4M	$13.5M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	$1.7M	$7.8M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	—	$3.5M	50x	as long as short
Popdex US500USDT	+0.0048%	1h	$547K	$210K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex US500-USD-PERPshort	+0.0050%	8h	$42K	—	5x
tradeXYZ xyz:SP500	+0.0050%	1h	$432.9M	$234.4M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	$7.6M	$1.7M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	$1.1M	$87K	20x	as long as short
Ondo Perps US500-USD.P	+0.0050%	1h	$9.6M	$6.0M	25x	as long as short
Variational Omni US500	+0.0096%	8h	$17.5M	$11.6M	—	as long as short
Pacifica SP500	+0.0100%	1h	$273K	$154K	20x	as long as short
Aftermath Perps US500USD	+0.0328%	1h	$548	$14K	10x	as long as short