SP500

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Ondo Perps+0.006%7-day average +0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.006%, 7d avg +0.020%

Together, before fees+0.040%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US500-USD.P	7,767.9	0.0050	pay 0.0006% / 1h	3m 32s	$9.5M	$7.8M	25x
Short	Popdex US500USDT	7,768.3	0.0048	get 0.0006% / 1h	3m 32s	$584K	$486K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Ondo Perps. 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee PopdexbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$0.5
Price spread: +0.006% → +0.020%: −$1.43
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$13.34
Costs to cover: 0.114%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Popdex: live order book, 50 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Popdex live order book, 50 min ago	0.45 bp	3.7 bp −$4	3.7 bp −$37	5.9 bp −$591	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective US500/USDC PERP	−0.0220%	1h	7,665.4	−1.319%	$7K	$108	52x	as long as short
QFEX US500-USD	−0.0030%	1h	7,766.5	−0.018%	$11.9M	$3.2M	30x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	7,768.8	+0.012%	$141K	$231K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	7,768.6	+0.010%	$7.2M	$776K	50x	as long as short
Variational Omni US500	0.0000%	8h	7,740.5	−0.352%	$17.6M	$9.5M	—	as long as short
Bullet US500-USD	0.0000%	1h	7,766.7	−0.015%	$13K	$105K	10x	as long as short
Lighter US500	+0.0032%	1h	7,765	−0.037%	$2.1M	$28.7M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	7,767.2	−0.009%	$3.2M	$14.9M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	7,738.5	−0.378%	$1.6M	$7.0M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	7,832.6	+0.834%	—	$4.3M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex US500USDTshort	+0.0048%	1h	7,768.3	+0.006%	$584K	$486K	20x
Paradex US500-USD-PERP	+0.0050%	8h	7,764.8	−0.039%	$43K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	7,766.6	−0.016%	$431.4M	$236.6M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	7,765.6	−0.029%	$9.0M	$2.2M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	7,766.8	−0.014%	$1.1M	$69K	20x	as long as short
Ondo Perps US500-USD.Plong	+0.0050%	1h	7,767.9	long leg	$9.5M	$7.8M	25x
Pacifica SP500	+0.0100%	1h	7,767.1	−0.010%	$261K	$177K	20x	as long as short
Aftermath Perps US500USD	+0.0222%	1h	7,764.9	−0.038%	$596	$25K	10x	as long as short