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

SP500

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Funding spread now, next payment 16:00 UTC+0.0354%/8h
next payment, per $10,000+$0.44paid, last 24h+0.024%paid, last 3 days−0.024%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid -0.024% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX US500-USD7,727.10.0050pay 0.0006% / 1h23m 15s$1.0M$46K20x
ShortAftermath Perps US500USD7,728.10.0404get 0.0050% / 1h23m 15s$547$13K10x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$74.24
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$57.24
Break-even
1.6 days
Slippage unknown: SoDEX: live order book, 2 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.013%
Avg gap 7d
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 SoDEX live order book, 2 min ago1.10 bp18.4 bp −$1853.0 bp −$530doesn't fitdoesn't fit
Sell Aftermath Perps no order-book sample
Aftermath 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$125K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$150K$286K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$721K50xas 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$3.4M$19.8M50xas long as short
Extended SPX500m-USD+0.0032%1h$3.4M$13.2M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.7M$7.1M25xas long as short
Vest SPX-USD-PERP+0.0046%1h$3.2M50xas long as short
Popdex US500USDT+0.0048%1h$564K$192K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$42K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$431.7M$221.6M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.7M50xas long as short
SoDEX US500-USDlong+0.0050%1h$1.0M$46K20x
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 US500+0.0131%8h$17.4M$11.2Mas long as short
Aftermath Perps US500USDshort+0.0404%1h$547$13K10x