Settings8H · net · $10k
Funding arb · Price arb /

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Vest−0.831%7-day average −0.943% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days−0.083%−$8 · spread now −0.831%, 7d avg −0.943%
Together, before fees−0.079%+ Points / potential airdropVest: Active · Ondo Perps: Active · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.112% dearer against Vest than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.943%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest SPX-USD-PERP7,832.80.0046pay 0.0006% / 1h59m 51s$3.9M50x
ShortOndo Perps US500-USD.P7,767.70.0050get 0.0006% / 1h59m 51s$9.5M$7.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Vest. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.99
Price spread: −0.831% → −0.943%
$11.22
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$5.22
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Ondo Perps no order-book sample
Vest and Ondo 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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h7,664.8−2.144%$7K$10752xas long as short
QFEX US500-USD−0.0045%1h7,769.4−0.809%$11.9M$3.2M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,766.5−0.846%$152K$234K20xas long as short
Bitget SP500USDT0.0000%8h7,773.1−0.762%$7.2M$772K50xas long as short
Variational Omni US5000.0000%8h7,743.3−1.142%$17.2M$8.9Mas long as short
Bullet US500-USD0.0000%1h7,768.3−0.822%$12K$108K10xas long as short
Lighter US500+0.0032%1h7,766.1−0.851%$2.2M$29.0M50xas long as short
Extended SPX500m-USD+0.0032%1h7,768.4−0.822%$3.2M$15.1M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,738.7−1.201%$1.6M$7.1M25xas long as short
Vest SPX-USD-PERPlong+0.0046%1h7,832.8long leg$3.9M50x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,770−0.801%$545K$439K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,765.9−0.854%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,768.3−0.823%$434.7M$241.1M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,766−0.852%$9.0M$2.3M50xas long as short
SoDEX US500-USD+0.0050%1h7,767.6−0.832%$1.1M$85K20xas long as short
Ondo Perps US500-USD.Pshort+0.0050%1h7,767.7−0.831%$9.5M$7.1M25x
Pacifica SP500+0.0100%1h7,768.8−0.817%$261K$178K20xas long as short
Aftermath Perps US500USD+0.0263%1h7,765.9−0.854%$458$22K10xas long as short