data as of
Settings8H · net · $10k
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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+0.0004%/8h
next payment, per $10,000+$0.01paid, last 24h−0.027%paid, last 7 days−0.092%to open and close $10k−$21
Long on Markets by KinetiqShort on tradeXYZ
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMarkets by Kinetiq mkts:US5007,733.30.0046pay 0.0006% / 1h42m 42s$1.5M$8.1M25x
ShorttradeXYZ xyz:SP5007,762.60.0050get 0.0006% / 1h42m 42s$435.4M$248.9M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0.91
Slippage, 4 orders
−$1.75
Fee Markets by Kinetiq: 0.81 bp × 2 orders
−$1.62
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$20.46
Break-even
164.2 days
Slippage from Markets by Kinetiq: live order book, 5 min ago; tradeXYZ: live order book, 8 min ago.

Price risk

price view
Price gap now
+0.379%
Avg gap 7d
+0.218%
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 Markets by Kinetiq live order book, 5 min ago0.06 bp1.5 bp −$1doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 8 min ago0.06 bp9.1 bp −$99.2 bp −$9210.3 bp −$1,025doesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$10152xas long as short
Extended SPX500m-USD−0.0112%1h$3.2M$14.2M25xas long as short
OKX US500-USDT-SWAP0.0000%8h$151K$295K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$732K50xas long as short
Variational Omni US5000.0000%8h$17.6M$11.5M—as long as short
Bullet US500-USD0.0000%1h$13K$109K10xas long as short
QFEX US500-USD+0.0008%1h$11.7M$3.1M30xas long as short
Lighter US500+0.0032%1h$2.8M$25.5M50xas long as short
Markets by Kinetiq mkts:US500long+0.0046%1h$1.5M$8.1M25x
Vest SPX-USD-PERP+0.0046%1h—$3.5M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Popdex US500USDT+0.0048%1h$542K$217K20xas long as short
Paradex US500-USD-PERP+0.0050%8h$43K—5xas long as short
tradeXYZ xyz:SP500short+0.0050%1h$435.4M$248.9M50x
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.5M50xas long as short
SoDEX US500-USD+0.0050%1h$1.1M$87K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$6.3M25xas long as short
Pacifica SP500+0.0100%1h$267K$163K20xas long as short
Aftermath Perps US500USD+0.0319%1h$515$16K10xas long as short