Funding spread now, next payment 18:00 UTC+0.0220%/8h
next payment, per $10,000+$0.28paid, last 24h+0.066%paid, last 3 days−0.012%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid -0.012% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective US500/USDC PERP | 7,653.7 | −0.0220 | get 0.0028% / 1h | 27m 11s | $7K | $56K | 52x |
| Short | Bullet US500-USD | 7,754.2 | 0 | get 0.0000% / 1h | 27m 11s | $14K | $108K | 10x |
Injective US500/USDC PERP
Bullet US500-USDFunding history
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Range statsloading…
Funding on every exchange
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Profit calculator
- Funding earned
- $46.2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $38.18
- Break-even
- 1.2 days
Slippage unknown: Injective: no order-book sample; Bullet: live order book, 33 min ago. Net counts fees only.
Price risk
price view- Price gap now
- +1.314%
- Avg gap 7d
- +4.308%
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Injective no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 33 min ago | 0.38 bp | 6.2 bp −$6 | 21.2 bp −$212 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Injective US500/USDC PERPlong | −0.0220% | 1h | $7K | $56K | 52x | |
| Extended SPX500m-USD | −0.0184% | 1h | $3.2M | $13.7M | 25x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | $151K | $294K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | $7.2M | $730K | 50x | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | $14K | $108K | 10x | |
| QFEX US500-USD | +0.0010% | 1h | $11.7M | $3.1M | 30x | as long as short |
| Lighter US500 | +0.0032% | 1h | $2.8M | $24.5M | 50x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | $1.6M | $8.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | — | $3.5M | 50x | as long as short |
| Variational Omni US500 | +0.0046% | 8h | $17.5M | $11.4M | — | as long as short |
Extended SPX500m-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
QFEX US500-USD
Lighter US500
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERP
Variational Omni US500Show all 18 venues
| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | $547K | $210K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | $435.8M | $242.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | $7.6M | $1.5M | 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 | $6.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | $267K | $163K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0296% | 1h | $458 | $15K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500