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

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Bullet+0.027%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.310% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.332%+$33 on $10k
Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.027%, 7d avg +0.066%
Together, before fees+0.327%+$33 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: OKX is 0.039% cheaper against Bullet than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.066%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet US500-USD7,766.70get 0.0000% / 1h3m 48s$13K$105K10x
ShortOKX US500-USDT-SWAP7,768.80get 0.0000% / 8h3h 03m$141K$231K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bullet. 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
Price spread: +0.027% → +0.066%
−$3.94
Slippage, 4 orders
−$12.99
Fee Bullet: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$34.93
Costs to cover
0.310%
Break-even
never at this rate
Slippage from Bullet: live order book, 50 min ago; OKX: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, 50 min ago0.50 bp6.3 bp −$620.4 bp −$204doesn't fitdoesn't fit
Sell OKX live order book, 46 min ago1.03 bp9.1 bp −$9doesn't fitdoesn't fitdoesn't fit

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%1h7,665.4−1.304%$7K$10852xas long as short
QFEX US500-USD−0.0030%1h7,766.8+0.001%$11.9M$3.2M30xas long as short
OKX US500-USDT-SWAPshort0.0000%8h7,768.8+0.027%$141K$231K20x
Bitget SP500USDT0.0000%8h7,768.8+0.027%$7.2M$776K50xas long as short
Variational Omni US5000.0000%8h7,740.5−0.337%$17.6M$9.5Mas long as short
Bullet US500-USDlong0.0000%1h7,766.7long leg$13K$105K10x
Lighter US500+0.0032%1h7,765.5−0.016%$2.1M$28.7M50xas long as short
Extended SPX500m-USD+0.0032%1h7,767.4+0.009%$3.2M$14.9M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,738.3−0.366%$1.6M$7.0M25xas long as short
Vest SPX-USD-PERP+0.0046%1h7,832.8+0.850%$4.3M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,768.2+0.019%$584K$486K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,764.8−0.025%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,767+0.004%$431.5M$236.6M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,765.8−0.012%$9.0M$2.2M50xas long as short
SoDEX US500-USD+0.0050%1h7,766.8+0.001%$1.1M$69K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,767.5+0.010%$9.5M$7.8M25xas long as short
Pacifica SP500+0.0100%1h7,766.8+0.001%$261K$177K20xas long as short
Aftermath Perps US500USD+0.0222%1h7,764.9−0.023%$596$25K10xas long as short