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Funding arb · Price arb /

SP500

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC+0.0213%/8h= +23.3% APRnext payment +$0.27 per $10,000 · paid last 24h +0.067%
Price spread now: Aftermath Perps against tradeXYZ−0.033%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on tradeXYZShort on Aftermath Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories
Funding pays, the price is against you. Aftermath Perps is 0.033% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:SP5007,768.40.0050pay 0.0006% / 1h0m 14s$434.7M$241.1M50x
ShortAftermath Perps US500USD7,765.90.0263get 0.0033% / 1h0m 14s$458$22K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against tradeXYZ. 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
$44.7
Price spread: −0.033% → 0.000%
−$3.25
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$14.45
Costs to cover
0.270%
Break-even
4.7 days
Slippage unknown: tradeXYZ: live order book, 10 min ago; Aftermath 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 tradeXYZ live order book, 10 min ago0.06 bp9.3 bp −$99.7 bp −$9710.9 bp −$1,086doesn't fit
Sell Aftermath Perps no order-book sample—————
Aftermath 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%1h7,664.8−1.334%$7K$10752xas long as short
QFEX US500-USD−0.0045%1h7,769.4+0.013%$11.9M$3.2M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,766.5−0.024%$152K$234K20xas long as short
Bitget SP500USDT0.0000%8h7,773.2+0.062%$7.2M$772K50xas long as short
Variational Omni US5000.0000%8h7,743.3−0.323%$17.2M$8.9M—as long as short
Bullet US500-USD0.0000%1h7,768.3−0.001%$12K$108K10xas long as short
Lighter US500+0.0032%1h7,766.1−0.030%$2.2M$29.0M50xas long as short
Extended SPX500m-USD+0.0032%1h7,768.2−0.003%$3.2M$15.1M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,738.7−0.382%$1.6M$7.1M25xas long as short
Vest SPX-USD-PERP+0.0046%1h7,832.8+0.828%—$3.9M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,770+0.021%$545K$439K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,765.9−0.033%$43K—5xas long as short
tradeXYZ xyz:SP500long+0.0050%1h7,768.4long leg$434.7M$241.1M50x
Polymarket Perps SP500-USD+0.0050%1h7,766−0.031%$9.0M$2.3M50xas long as short
SoDEX US500-USD+0.0050%1h7,767.6−0.010%$1.1M$85K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,767.7−0.009%$9.5M$7.1M25xas long as short
Pacifica SP500+0.0100%1h7,768.8+0.005%$261K$178K20xas long as short
Aftermath Perps US500USDshort+0.0263%1h7,765.9−0.033%$458$22K10x