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

SP500

RWAall SP500 markets
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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 18:00 UTC+0.0002%/8h
next payment, per $10,000+$0.00paid, last 24h−0.005%paid, last 3 days+0.001%to open and close $10k−$26
Long on PopdexShort on tradeXYZ
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex US500USDT7,756.50.0048pay 0.0006% / 1h1m 55s$547K$212K20x
ShorttradeXYZ xyz:SP5007,757.30.0050get 0.0006% / 1h1m 55s$433.5M$246.8M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0.42
Slippage, 4 orders
−$1.19
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$25.17
Break-even
426.5 days
Slippage from Popdex: live order book, 39 min ago; tradeXYZ: live order book, 10 min ago.

Price risk

price view
Price gap now
+0.010%
Avg gap 7d
−0.033%
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, 39 min ago0.52 bp3.7 bp −$44.0 bp −$4023.1 bp −$2,313doesn't fit
Sell tradeXYZ live order book, 10 min ago0.06 bp9.1 bp −$99.1 bp −$9110.2 bp −$1,017doesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Extended SPX500m-USD−0.0328%1h$3.2M$14.2M25xas long as short
Injective US500/USDC PERP−0.0220%1h$7K$56K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$151K$296K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$731K50xas long as short
Bullet US500-USD0.0000%1h$13K$108K10xas long as short
Variational Omni US500+0.0009%8h$17.5M$11.4M—as long as short
QFEX US500-USD+0.0010%1h$11.7M$3.1M30xas long as short
Lighter US500+0.0032%1h$2.9M$25.1M50xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.5M$8.1M25xas 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:SP500short+0.0050%1h$433.5M$246.8M50x
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$6.1M25xas long as short
Pacifica SP500+0.0100%1h$267K$163K20xas long as short
Aftermath Perps US500USD+0.0379%1h$458$16K10xas long as short