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 17:00 UTC−0.0048%/8h
next payment, per $10,000−$0.06paid, last 24h−0.014%paid, last 3 days−0.044%to open and close $10k−$20
Long on PopdexShort on Bullet
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex US500USDT7,751.30.0048pay 0.0006% / 1h9m 45s$547K$210K20x
ShortBullet US500-USD7,751.90get 0.0000% / 1h9m 45s$14K$109K10x

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
−$5.78
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$30.26
Break-even
never at this rate
Slippage from Popdex: live order book, 36 min ago; Bullet: live order book, 56 min ago.

Price risk

price view
Price gap now
+0.008%
Avg gap 7d
−0.028%
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, 36 min ago0.58 bp3.8 bp −$43.9 bp −$399.0 bp −$897doesn't fit
Sell Bullet live order book, 56 min ago0.51 bp6.3 bp −$620.5 bp −$205doesn't fitdoesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$125K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$151K$293K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$747K50xas long as short
Bullet US500-USDshort0.0000%1h$14K$109K10x
QFEX US500-USD+0.0006%1h$11.7M$2.9M30xas long as short
Lighter US500+0.0032%1h$3.1M$22.3M50xas long as short
Extended SPX500m-USD+0.0032%1h$3.4M$13.3M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.7M$7.7M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.5M50xas long as short
Popdex US500USDTlong+0.0048%1h$547K$210K20x
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$43K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$433.0M$233.6M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.7M50xas 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$6.0M25xas long as short
Variational Omni US500+0.0096%8h$17.5M$11.6M—as long as short
Pacifica SP500+0.0100%1h$273K$154K20xas long as short
Aftermath Perps US500USD+0.0328%1h$548$14K10xas long as short