Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%
Price spread now: Bullet against SoDEX−0.001%7-day average +0.006% · 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−$50as in the Price arb table
costs, in and out, $10k−$490.494% of the position
Funding, last 3 days (all we have)−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.001%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX US500-USD | 7,765.7 | 0.0050 | pay 0.0006% / 1h | 10m 08s | $1.1M | $85K | 20x |
| Short | Bullet US500-USD | 7,765.6 | 0 | get 0.0000% / 1h | 10m 08s | $12K | $106K | 10x |
SoDEX US500-USD
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against SoDEX. 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
- −$10.5
- Price spread: −0.001% → +0.006%
- −$0.69
- Slippage, 4 orders
- −$33.36
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$60.55
- Costs to cover
- 0.494%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 4 min ago; Bullet: live order book, 49 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 SoDEX live order book, 4 min ago | 1.10 bp | 19.3 bp −$19 | 48.4 bp −$484 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 49 min ago | 0.51 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 | 7,665.2 | −1.294% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0029% | 1h | 7,766.3 | +0.008% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765 | −0.009% | $151K | $224K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.2 | +0.071% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.9 | −0.319% | $17.5M | $9.4M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,765.6 | −0.001% | $12K | $106K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,764.7 | −0.013% | $2.1M | $28.9M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.6 | +0.012% | $3.2M | $15.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.1 | −0.355% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.8 | +0.851% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Lighter US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,767.9 | +0.028% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.2 | −0.019% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.2 | +0.006% | $431.7M | $239.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.8 | −0.012% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USDlong | +0.0050% | 1h | 7,765.7 | long leg | $1.1M | $85K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.9 | +0.015% | $9.5M | $7.6M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767 | +0.016% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0226% | 1h | 7,764.9 | −0.010% | $526 | $24K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD