After costs, if the gap returns to its 7d average, $10k−$21
spread now−0.018%7d average−0.021%fees + slippage, in and out−$21spread needed0.213%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet US500-USD | 7,746.2 | 0 | get 0.0000% / 1h | 36m 59s | $14K | $108K | 10x |
| Short | Polymarket Perps SP500-USD | 7,744.8 | 0.0050 | get 0.0006% / 1h | 36m 59s | $7.6M | $1.7M | 50x |
Bullet US500-USD
Polymarket Perps SP500-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.75
- Funding while held
- $1.5
- Slippage, 4 orders
- −$5.33
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$21.58
- Spread needed to break even
- 0.213%
Slippage from Bullet: live order book, 29 min ago; Polymarket Perps: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- Average in range /8h
- —
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 Bullet live order book, 29 min ago | 0.51 bp | 6.3 bp −$6 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 0.06 bp | 4.3 bp −$4 | 4.8 bp −$48 | 5.1 bp −$512 | 12.2 bp −$6,101 |
SP500 price on every exchange
against the cheapest. Click to use as the short leg.Injective6,944.4cheapest
Markets by Kinetiq7,716.1+11.113%Variational Omni7,720.9+11.182%Aftermath Perps7,742.4+11.492%Ondo Perps7,742.5+11.492%SoDEX7,743.8+11.511%Paradex7,744+11.514%OKX7,744.2+11.517%Bitget7,744.3+11.519%Lighter7,744.5+11.522%QFEX7,744.8+11.526%
Injective
Markets by Kinetiq
Variational Omni
Ondo Perps
SoDEX
Paradex
OKX
Bitget
Lighter
QFEXPolymarket Perps7,744.8+11.526%
Pacifica7,745.7+11.538%
PacificaBullet7,746.2+11.545%
Popdex7,746.5+11.550%tradeXYZ7,746.7+11.553%Extended7,747.4+11.564%Vest7,811.8+12.490%
Popdex
tradeXYZ
Extended
VestSP500 on 18 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −10.350% | −0.0220% | 1h | $6K | $125K | 52x | as long as short |
| Markets by Kinetiq mkts:US500 | −0.388% | +0.0046% | 1h | $1.7M | $7.5M | 25x | as long as short |
| Variational Omni US500 | −0.326% | +0.0107% | 8h | $17.4M | $11.7M | — | as long as short |
| Aftermath Perps US500USD | −0.048% | +0.0305% | 1h | $457 | $14K | 10x | as long as short |
| Ondo Perps US500-USD.P | −0.047% | +0.0050% | 1h | $9.6M | $5.8M | 25x | as long as short |
| SoDEX US500-USD | −0.030% | +0.0050% | 1h | $1.1M | $87K | 20x | as long as short |
| Paradex US500-USD-PERP | −0.028% | +0.0050% | 8h | $42K | — | 5x | as long as short |
| OKX US500-USDT-SWAP | −0.025% | 0.0000% | 8h | $151K | $287K | 20x | as long as short |
| Bitget SP500USDT | −0.024% | 0.0000% | 8h | $7.3M | $720K | 50x | as long as short |
| Lighter US500 | −0.021% | +0.0032% | 1h | $3.1M | $21.7M | 50x | as long as short |
Show all 18 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX US500-USD | −0.018% | +0.0006% | 1h | $11.7M | $2.9M | 30x | as long as short |
| Polymarket Perps SP500-USDshort | −0.018% | +0.0050% | 1h | $7.6M | $1.7M | 50x | |
| Pacifica SP500 | −0.007% | +0.0100% | 1h | $273K | $153K | 20x | as long as short |
| Bullet US500-USDlong | 0.000% | 0.0000% | 1h | $14K | $108K | 10x | |
| Popdex US500USDT | +0.004% | +0.0048% | 1h | $566K | $190K | 20x | as long as short |
| tradeXYZ xyz:SP500 | +0.007% | +0.0050% | 1h | $434.2M | $229.6M | 50x | as long as short |
| Extended SPX500m-USD | +0.016% | +0.0032% | 1h | $3.4M | $13.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.847% | +0.0046% | 1h | — | $3.5M | 50x | as long as short |