Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.004%
Price spread now: Bullet against Extended−0.058%7-day average +0.049% · 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−$34as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 4 days (all we have)−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.058%, 7d avg +0.049%
=Together, before fees+0.031%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bullet is 0.107% cheaper against Extended than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.049%). If the spread goes back, that is −$11 on $10k: about 11 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,750.2 | −0.0032 | get 0.0004% / 1h | 36m 27s | $3.3M | $11.3M | 25x |
| Short | Bullet US500-USD | 7,745.7 | 0 | get 0.0000% / 1h | 36m 27s | $14K | $105K | 10x |
Extended SPX500m-USD
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Extended. 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
- $6.72
- Price spread: −0.058% → +0.049%
- −$10.67
- Slippage, 4 orders
- −$10.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$27.09
- Costs to cover
- 0.231%
- Break-even
- 35.2 days
Slippage from Extended: live order book, 3 min ago; Bullet: live order book, 62 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 Extended live order book, 3 min ago | 1.10 bp | 3.6 bp −$4 | 5.7 bp −$57 | 20.3 bp −$2,026 | doesn't fit |
| Sell Bullet live order book, 62 min ago | 0.50 bp | 6.3 bp −$6 | 20.6 bp −$206 | doesn't fit | 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 | 7,663.3 | −1.121% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,746.3 | −0.050% | $9.9M | $3.1M | 30x | as long as short |
| Extended SPX500m-USDlong | −0.0032% | 1h | 7,750.2 | long leg | $3.3M | $11.3M | 25x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,749.4 | −0.010% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,752.9 | +0.035% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,725.4 | −0.320% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,745.7 | −0.058% | $14K | $105K | 10x | |
| tradeXYZ xyz:SP500 | +0.0004% | 1h | 7,745.9 | −0.055% | $428.7M | $236.8M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,746.3 | −0.050% | $2.0M | $28.1M | 50x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,719 | −0.403% | $1.6M | $7.4M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
tradeXYZ xyz:SP500
Lighter US500
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,814.5 | +0.830% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,750.2 | 0.000% | $623K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,746 | −0.055% | $42K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,747.7 | −0.032% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,747.2 | −0.039% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,747.4 | −0.036% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,749 | −0.015% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0326% | 1h | 7,747.9 | −0.030% | $473 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD