SP500

Alert

Funding spread now, next payment 19:00 UTC0.0000%/8h

next payment, per $10,000−$0.00paid, last 24h−0.008%paid, last 7 days−0.022%to open and closeno order book

Long on Ondo Perps Short on Polymarket Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US500-USD.P	7,777.6	0.0050	pay 0.0006% / 1h	5m 20s	$9.6M	$5.8M	25x
Short	Polymarket Perps SP500-USD	7,774.5	0.0050	get 0.0006% / 1h	5m 20s	$7.6M	$1.5M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee Polymarket PerpsbpOrdersRate

Funding earned: −$0.08
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.08
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.040%
Avg gap 7d: −0.014%

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 5 min ago	0.06 bp	4.2 bp −$4	5.0 bp −$50	5.7 bp −$574	12.7 bp −$6,340

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	$6K	$104	52x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	$153K	$299K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	$7.2M	$732K	50x	as long as short
Variational Omni US500	0.0000%	8h	$17.6M	$11.3M	—	as long as short
Bullet US500-USD	0.0000%	1h	$14K	$109K	10x	as long as short
QFEX US500-USD	+0.0008%	1h	$11.7M	$3.1M	30x	as long as short
Lighter US500	+0.0032%	1h	$2.8M	$26.5M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	$3.2M	$15.3M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	$1.4M	$7.9M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	—	$3.6M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex US500USDT	+0.0048%	1h	$545K	$220K	20x	as long as short
Paradex US500-USD-PERP	+0.0050%	8h	$43K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	$438.2M	$257.8M	50x	as long as short
Polymarket Perps SP500-USDshort	+0.0050%	1h	$7.6M	$1.5M	50x
SoDEX US500-USD	+0.0050%	1h	$1.1M	$85K	20x	as long as short
Ondo Perps US500-USD.Plong	+0.0050%	1h	$9.6M	$5.8M	25x
Pacifica SP500	+0.0100%	1h	$267K	$164K	20x	as long as short
Aftermath Perps US500USD	+0.0310%	1h	$499	$17K	10x	as long as short