SP500

Alert

Funding spread now, next payment 15:00 UTC+0.0005%/8h

next payment, per $10,000+$0.01paid, last 24h−0.022%paid, last 7 days−0.027%to open and closeno order book

Long on Markets by Kinetiq Short on Ondo Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Markets by Kinetiq mkts:US500	7,693.3	0.0046	pay 0.0006% / 1h	18m 36s	$1.8M	$6.6M	25x
Short	Ondo Perps US500-USD.P	7,719.3	0.0050	get 0.0006% / 1h	18m 36s	$9.6M	$5.1M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Markets by KinetiqbpFee Ondo PerpsbpOrdersRate

Funding earned: $0.99
Slippage, 4 orders: no order book: not counted
Fee Markets by Kinetiq: 0.81 bp × 2 orders: −$1.62
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$5.63
Break-even: 46.6 days

Slippage unknown: Markets by Kinetiq: live order book, 9 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.338%
Avg gap 7d: +0.228%

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 Markets by Kinetiq live order book, 9 min ago	0.26 bp	2.9 bp −$3	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	$7K	$125K	52x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	$154K	$273K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	$7.3M	$600K	50x	as long as short
Bullet US500-USD	0.0000%	1h	$12K	$107K	10x	as long as short
QFEX US500-USD	+0.0008%	1h	$11.7M	$3.0M	30x	as long as short
Lighter US500	+0.0032%	1h	$4.8M	$17.1M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	$3.3M	$13.2M	25x	as long as short
Markets by Kinetiq mkts:US500long	+0.0046%	1h	$1.8M	$6.6M	25x
Vest SPX-USD-PERP	+0.0046%	1h	—	$1.9M	50x	as long as short
Popdex US500USDT	+0.0048%	1h	$570K	$184K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex US500-USD-PERP	+0.0050%	8h	$42K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	$432.5M	$207.1M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	$7.6M	$1.6M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	$1.0M	$46K	20x	as long as short
Ondo Perps US500-USD.Pshort	+0.0050%	1h	$9.6M	$5.1M	25x
Pacifica SP500	+0.0100%	1h	$263K	$113K	20x	as long as short
Variational Omni US500	+0.0142%	8h	$17.5M	$11.9M	—	as long as short
Aftermath Perps US500USD	+0.0376%	1h	$513	$12K	10x	as long as short