data as of
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Funding arb /

SP500

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Funding spread now, next payment 16:00 UTC+0.0084%/8h
paid, last 24h+0.015%paid, last 3 days−0.015%to open and closeno order book
Long on PopdexShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex US500USDT7,729.70.0048pay 0.0006% / 1h28m 09s$564K$192K20x
ShortVariational Omni US5007,7050.0132get 0.0132% / 8h28m 09s$17.4M$11.2M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$17.73
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$11.33
Break-even
2.5 days
Slippage unknown: Popdex: live order book, 22 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.319%
Avg gap 7d
−0.274%
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, 22 min ago0.32 bp3.5 bp −$43.7 bp −$379.5 bp −$949doesn't fit
Sell Variational Omni RFQ quote, 2 min ago1.89 bpdoesn't fit2.0 bp −$208.9 bp −$892doesn'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$150K$281K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$720K50xas long as short
Bullet US500-USD0.0000%1h$13K$108K10xas long as short
QFEX US500-USD+0.0015%1h$11.7M$3.0M30xas long as short
Lighter US500+0.0032%1h$3.5M$19.8M50xas long as short
Extended SPX500m-USD+0.0032%1h$3.4M$13.3M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.8M$7.1M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.1M50xas long as short
Popdex US500USDTlong+0.0048%1h$564K$192K20x
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$42K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$430.1M$220.1M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.7M50xas long as short
SoDEX US500-USD+0.0050%1h$1.0M$46K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$5.5M25xas long as short
Pacifica SP500+0.0100%1h$268K$126K20xas long as short
Variational Omni US500short+0.0132%8h$17.4M$11.2M—
Aftermath Perps US500USD+0.0406%1h$488$13K10xas long as short