data as of
Settings8H · net · $10k
Funding arb /

SP500

RWAall SP500 markets
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Funding spread now, next payment 14:00 UTC+0.0140%/8h
paid, last 24h+0.027%paid, last 3 days+0.070%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX500m-USD7,692.60.0032pay 0.0004% / 1h30m 25s$3.4M$13.1M25x
ShortVariational Omni US5007,668.60.0172get 0.0172% / 8h2h 30m$17.9M$11.5M

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$29.31
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$24.31
Break-even
1.2 days
Slippage unknown: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.313%
Avg gap 7d
−0.122%
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, 5 min ago1.17 bp3.7 bp −$44.8 bp −$4818.4 bp −$1,836doesn't fit
Sell Variational Omni RFQ quote, 5 min ago1.90 bpdoesn't fit2.0 bp −$208.0 bp −$801doesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$7K$206K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$132K$115K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$499K50xas long as short
Bullet US500-USD0.0000%1h$12K$109K10xas long as short
tradeXYZ xyz:SP500+0.0008%1h$439.9M$156.7M50xas long as short
QFEX US500-USD+0.0014%1h$9.7M$1.9M30xas long as short
Lighter US500+0.0032%1h$5.4M$13.6M50xas long as short
Extended SPX500m-USDlong+0.0032%1h$3.4M$13.1M25x
Polymarket Perps SP500-USD+0.0044%1h$7.6M$1.6M50xas long as short
Vest SPX-USD-PERP+0.0046%1h$367K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Popdex US500USDT+0.0048%1h$571K$175K20xas long as short
Paradex US500-USD-PERP+0.0050%8h$42K5xas long as short
SoDEX US500-USD+0.0050%1h$1.0M$46K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.4M$3.7M25xas long as short
Pacifica SP500+0.0100%1h$269K$96K20xas long as short
Markets by Kinetiq mkts:US500+0.0119%1h$2.1M$6.0M25xas long as short
Variational Omni US500short+0.0172%8h$17.9M$11.5M
Aftermath Perps US500USD+0.0505%1h$504$10K10xas long as short