Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%
Price spread now: Bullet against Ondo Perps−0.021%46s7-day average −0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.021%, 7d avg −0.005%
=Together, before fees−0.017%+ Points / potential airdropOndo Perps: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps US500-USD.P | 7,767.2 | 0.0050 | pay 0.0006% / 1h | 7m 28s | $9.5M | $7.6M | 25x |
| Short | Bullet US500-USD | 7,765.5 | 0 | get 0.0000% / 1h | 7m 28s | $12K | $106K | 10x |
Ondo Perps US500-USD.P
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.58
- Price spread: −0.021% → −0.005%
- −$1.61
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$25.2
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bullet: live order book, 51 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 51 min ago | 0.51 bp | 6.3 bp −$6 | 20.6 bp −$206 | doesn't fit | doesn't fit |
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: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,665.2 | −1.313% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0029% | 1h | 7,766 | −0.015% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,764.9 | −0.029% | $151K | $224K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.1 | +0.050% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.9 | −0.338% | $17.5M | $9.4M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,765.5 | −0.021% | $12K | $106K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,764.6 | −0.033% | $2.1M | $28.9M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.6 | −0.007% | $3.2M | $15.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.7 | −0.380% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.8 | +0.831% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Lighter US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,767.9 | +0.009% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.2 | −0.038% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766 | −0.015% | $431.7M | $239.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.8 | −0.031% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.7 | −0.019% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.Plong | +0.0050% | 1h | 7,767.2 | long leg | $9.5M | $7.6M | 25x | |
| Pacifica SP500 | +0.0100% | 1h | 7,766.9 | −0.003% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0229% | 1h | 7,764.9 | −0.029% | $470 | $25K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Pacifica SP500
Aftermath Perps US500USD