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

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Popdex−0.011%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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)−0.031%−$3 · spread now −0.011%, 7d avg −0.020%
Together, before fees−0.028%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex US500USDT7,767.70.0048pay 0.0006% / 1h45m 46s$584K$486K20x
ShortOndo Perps US500-USD.P7,766.90.0050get 0.0006% / 1h45m 46s$9.5M$7.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Popdex. 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
$0.5
Price spread: −0.011% → −0.020%
$0.9
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$10
Costs to cover
0.114%
Break-even
145.9 days
Slippage unknown: Popdex: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 3 min ago0.51 bp3.7 bp −$43.9 bp −$397.8 bp −$778doesn't fit
Sell Ondo Perps no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h7,664.8−1.325%$7K$10552xas long as short
QFEX US500-USD−0.0033%1h7,766.1−0.021%$11.9M$3.2M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,766.8−0.012%$141K$231K20xas long as short
Bitget SP500USDT0.0000%8h7,769.4+0.022%$7.2M$776K50xas long as short
Variational Omni US5000.0000%8h7,740−0.357%$17.5M$9.6Mas long as short
Bullet US500-USD0.0000%1h7,765.9−0.023%$12K$105K10xas long as short
Lighter US500+0.0032%1h7,764.6−0.040%$2.1M$27.9M50xas long as short
Extended SPX500m-USD+0.0032%1h7,766.8−0.011%$3.2M$14.9M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,737.8−0.385%$1.6M$7.1M25xas long as short
Vest SPX-USD-PERP+0.0046%1h7,831.6+0.823%$4.3M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDTlong+0.0048%1h7,767.7long leg$584K$486K20x
Paradex US500-USD-PERP+0.0050%8h7,764.1−0.046%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,766−0.022%$431.4M$235.7M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,764.6−0.040%$9.0M$2.2M50xas long as short
SoDEX US500-USD+0.0050%1h7,765.9−0.023%$1.1M$69K20xas long as short
Ondo Perps US500-USD.Pshort+0.0050%1h7,766.9−0.011%$9.5M$7.8M25x
Pacifica SP500+0.0100%1h7,766.7−0.013%$261K$177K20xas long as short
Aftermath Perps US500USD+0.0244%1h7,764.9−0.036%$470$26K10xas long as short