data as of
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Funding arb /

SP500

RWAall SP500 markets
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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+0.002%paid, last 3 days0.000%to open and close $10k−$21
Long on ExtendedShort on Bullet
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX500m-USD7,771.40.0032pay 0.0004% / 1h17m 11s$3.2M$15.3M25x
ShortBullet US500-USD7,769.90get 0.0000% / 1h17m 11s$13K$109K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$6.72
Slippage, 4 orders
−$7.72
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$27.44
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; Bullet: live order book, 38 min ago.

Price risk

price view
Price gap now
−0.019%
Avg gap 7d
+0.060%
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 Extended live order book, 3 min ago0.84 bp4.0 bp −$47.1 bp −$7118.9 bp −$1,893doesn't fit
Sell Bullet live order book, 38 min ago0.50 bp6.3 bp −$620.4 bp −$204doesn't fitdoesn't fit

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$151K$296K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$732K50xas long as short
Variational Omni US5000.0000%8h$17.6M$11.4M—as long as short
Bullet US500-USDshort0.0000%1h$13K$109K10x
QFEX US500-USD+0.0008%1h$11.7M$3.1M30xas long as short
Lighter US500+0.0032%1h$2.7M$26.0M50xas long as short
Extended SPX500m-USDlong+0.0032%1h$3.2M$15.3M25x
Markets by Kinetiq mkts:US500+0.0046%1h$1.5M$7.8M25xas 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$437.8M$252.2M50xas 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$5.7M25xas long as short
Pacifica SP500+0.0100%1h$267K$164K20xas long as short
Aftermath Perps US500USD+0.0318%1h$494$17K10xas long as short