Funding arb · Price arb /

SP500

RWAall SP500 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Paradex+0.016%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Ondo Perps: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex US500-USD-PERP	7,750.6	0.0050	pay 0.0050% / 8h	7h 19m	$43K	—	5x
Short	Ondo Perps US500-USD.P	7,751.9	0.0050	get 0.0006% / 1h	19m 58s	$9.5M	$8.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Paradex. 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

Position, each leg$Hold fordaysFee ParadexbpFee Ondo PerpsbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0.08
Price spread: +0.016% → 0.000%: $1.65
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.27
Costs to cover: 0.090%
Break-even: 612.7 days

Slippage unknown: Paradex: no order-book sample; Ondo Perps: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Paradex and 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	7,663.3	−1.126%	$7K	$104	52x	as long as short
QFEX US500-USD	−0.0042%	1h	7,750.5	−0.001%	$9.9M	$3.1M	30x	as long as short
Extended SPX500m-USD	−0.0024%	1h	7,756	+0.069%	$3.2M	$11.3M	25x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	7,750.9	+0.004%	$137K	$234K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	7,756.2	+0.073%	$7.2M	$756K	50x	as long as short
Variational Omni US500	0.0000%	8h	7,726.8	−0.306%	$17.5M	$8.3M	—	as long as short
Bullet US500-USD	0.0000%	1h	7,750.9	+0.005%	$14K	$104K	10x	as long as short
tradeXYZ xyz:SP500	+0.0003%	1h	7,751	+0.006%	$427.2M	$238.5M	50x	as long as short
Lighter US500	+0.0032%	1h	7,750.9	+0.004%	$2.0M	$28.3M	50x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	7,723	−0.356%	$1.5M	$7.7M	25x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPX-USD-PERP	+0.0046%	1h	7,819.3	+0.886%	—	$4.3M	50x	as long as short
Popdex US500USDT	+0.0048%	1h	7,753.7	+0.040%	$623K	$508K	20x	as long as short
Paradex US500-USD-PERPlong	+0.0050%	8h	7,750.6	long leg	$43K	—	5x
Polymarket Perps SP500-USD	+0.0050%	1h	7,750.7	+0.002%	$9.0M	$2.2M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	7,751.2	+0.008%	$1.3M	$191K	20x	as long as short
Ondo Perps US500-USD.Pshort	+0.0050%	1h	7,751.9	+0.016%	$9.5M	$8.3M	25x
Pacifica SP500	+0.0100%	1h	7,751.3	+0.009%	$258K	$173K	20x	as long as short
Aftermath Perps US500USD	+0.0317%	1h	7,745.1	−0.071%	$445	$30K	10x	as long as short