data as of
Settings8H · net · $10k
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Funding arb /

SP500

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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−0.0048%/8h
paid, last 24h−0.014%paid, last 3 days−0.023%to open and close $10k−$58
Long on PopdexShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex US500USDT7,762.40.0048pay 0.0006% / 1h47m 33s$547K$212K20x
ShortBitget SP500USDT7,754.10get 0.0000% / 8h5h 47m$7.2M$731K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$10.08
Slippage, 4 orders
−$39.28
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$67.76
Break-even
never at this rate
Slippage from Popdex: live order book, 53 min ago; Bitget: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.107%
Avg gap 7d
+0.012%
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 Popdex live order book, 53 min ago0.52 bp3.7 bp −$44.0 bp −$4023.1 bp −$2,313doesn't fit
Sell Bitget live order book, 2 min ago8.91 bp15.0 bp −$1515.0 bp −$15021.3 bp −$2,12876.1 bp −$38.1K

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−0.0176%1h$3.2M$14.3M25xas long as short
OKX US500-USDT-SWAP0.0000%8h$151K$295K20xas long as short
Bitget SP500USDTshort0.0000%8h$7.2M$731K50x
Variational Omni US5000.0000%8h$17.6M$11.5M—as long as short
Bullet US500-USD0.0000%1h$12K$109K10xas long as short
QFEX US500-USD+0.0008%1h$11.7M$3.1M30xas long as short
Lighter US500+0.0032%1h$2.8M$25.3M50xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.5M$8.0M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.5M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Popdex US500USDTlong+0.0048%1h$547K$212K20x
Paradex US500-USD-PERP+0.0050%8h$43K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$434.4M$248.1M50xas long as short
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$6.2M25xas long as short
Pacifica SP500+0.0100%1h$267K$163K20xas long as short
Aftermath Perps US500USD+0.0346%1h$458$16K10xas long as short