Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Popdex against Bitget−0.010%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 4 days (all we have)+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.010%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SP500USDT | 7,770.1 | 0 | get 0.0000% / 8h | 1h 53m | $7.2M | $776K | 50x |
| Short | Popdex US500USDT | 7,769.3 | 0.0048 | get 0.0006% / 1h | 53m 25s | $625K | $528K | 20x |
Bitget SP500USDT
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.08
- Price spread: −0.010% → −0.013%
- $0.25
- Slippage, 4 orders
- −$29.7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$37.77
- Costs to cover
- 0.481%
- Break-even
- 33.2 days
Slippage from Bitget: live order book, 5 min ago; Popdex: live order book, 56 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 5 min ago | 4.25 bp | 15.4 bp −$15 | 33.9 bp −$339 | 36.9 bp −$3,687 | doesn't fit |
| Sell Popdex live order book, 56 min ago | 0.51 bp | 3.7 bp −$4 | 3.8 bp −$38 | 7.2 bp −$717 | doesn't fit |
SP500 on 18 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,667.4 | −1.322% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,767.9 | −0.028% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.2 | −0.012% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,770.1 | long leg | $7.2M | $776K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,740.6 | −0.380% | $17.4M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.8 | −0.030% | $12K | $104K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.4 | −0.048% | $1.9M | $28.2M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769 | −0.015% | $3.2M | $14.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.3 | −0.396% | $1.6M | $7.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,834 | +0.822% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDTshort | +0.0048% | 1h | 7,769.3 | −0.010% | $625K | $528K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.3 | −0.049% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.8 | −0.030% | $431.7M | $233.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.1 | −0.051% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.1 | −0.039% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.5 | −0.021% | $9.5M | $7.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.2 | −0.025% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0238% | 1h | 7,768.5 | −0.021% | $471 | $27K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD