Settings8H · net · $10k
Funding arb · Price arb /

SP500

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bullet against OKX+0.027%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$290.286% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.332%−$33 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.027%, 7d avg −0.069%
Together, before fees−0.365%−$36 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.096% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.069%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX US500-USDT-SWAP7,765.90get 0.0000% / 8h5h 49m$152K$219K20x
ShortBullet US500-USD7,7680get 0.0000% / 1h49m 59s$11K$108K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.027% → −0.069%
$9.62
Slippage, 4 orders
−$10.63
Fee OKX: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$19.01
Costs to cover
0.286%
Break-even
never at this rate
Slippage from OKX: live order book, 10 min ago; Bullet: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 10 min ago0.58 bp9.3 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell Bullet live order book, 14 min ago0.50 bp6.3 bp −$620.6 bp −$206doesn't fitdoesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h7,665.8−1.289%$7K$10552xas long as short
QFEX US500-USD−0.0036%1h7,769.1+0.041%$11.9M$3.2M30xas long as short
OKX US500-USDT-SWAPlong0.0000%8h7,765.9long leg$152K$219K20x
Bitget SP500USDT0.0000%8h7,771.8+0.076%$7.2M$762K50xas long as short
Variational Omni US5000.0000%8h7,743.3−0.291%$17.4M$9.1Mas long as short
Bullet US500-USDshort0.0000%1h7,768+0.027%$11K$108K10x
Lighter US500+0.0032%1h7,766+0.001%$2.1M$28.1M50xas long as short
Extended SPX500m-USD+0.0032%1h7,768.2+0.030%$3.2M$15.5M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,739.6−0.339%$1.6M$7.0M25xas long as short
Vest SPX-USD-PERP+0.0046%1h7,833.1+0.866%$4.3M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,769.9+0.052%$545K$449K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,765.8−0.001%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,767.9+0.026%$431.6M$241.1M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,766.2+0.004%$9.0M$2.2M50xas long as short
SoDEX US500-USD+0.0050%1h7,767.6+0.022%$1.1M$85K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,769.9+0.052%$9.5M$7.4M25xas long as short
Pacifica SP500+0.0100%1h7,768.5+0.034%$261K$177K20xas long as short
Aftermath Perps US500USD+0.0318%1h7,766.4+0.007%$575$23K10xas long as short