After costs, if the gap returns to its 7d average, $10k−$32
spread now−0.011%7d average+0.005%fees + slippage, in and out−$31spread needed0.306%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,757.6 | 0.0050 | pay 0.0006% / 1h | 1m 32s | $433.5M | $246.9M | 50x |
| Short | Bullet US500-USD | 7,756.7 | 0 | get 0.0000% / 1h | 1m 32s | $13K | $108K | 10x |
tradeXYZ xyz:SP500
Bullet US500-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.1
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$4.59
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$33.19
- Spread needed to break even
- 0.306%
Slippage from tradeXYZ: live order book, 10 min ago; Bullet: live order book, 59 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- Average in range /8h
- —
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 tradeXYZ live order book, 10 min ago | 0.06 bp | 9.1 bp −$9 | 9.1 bp −$91 | 10.1 bp −$1,009 | doesn't fit |
| Sell Bullet live order book, 59 min ago | 0.38 bp | 6.2 bp −$6 | 21.2 bp −$212 | doesn't fit | doesn't fit |
SP500 price on every exchange
against the cheapest. Click to use as the short leg.Injective7,649.5cheapestMarkets by Kinetiq7,729.4+1.045%Variational Omni7,733+1.092%Bitget7,754.4+1.371%SoDEX7,756.2+1.395%QFEX7,756.3+1.396%Ondo Perps7,756.3+1.396%Lighter7,756.5+1.399%Paradex7,756.7+1.401%
Injective
Markets by Kinetiq
Variational Omni
Bitget
SoDEX
QFEX
Ondo Perps
Lighter
ParadexBullet7,756.7+1.402%
Polymarket Perps7,757.4+1.411%
Polymarket PerpstradeXYZ7,757.6+1.413%
Popdex7,757.8+1.416%Aftermath Perps7,759+1.431%Pacifica7,759.3+1.436%Extended7,759.9+1.443%OKX7,760+1.445%Vest7,824.6+2.289%
Popdex
Pacifica
Extended
OKX
VestSP500 on 18 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −1.393% | −0.0220% | 1h | $7K | $56K | 52x | as long as short |
| Markets by Kinetiq mkts:US500 | −0.364% | +0.0046% | 1h | $1.5M | $8.1M | 25x | as long as short |
| Variational Omni US500 | −0.317% | +0.0009% | 8h | $17.5M | $11.4M | — | as long as short |
| Bitget SP500USDT | −0.041% | 0.0000% | 8h | $7.2M | $730K | 50x | as long as short |
| SoDEX US500-USD | −0.018% | +0.0050% | 1h | $1.1M | $87K | 20x | as long as short |
| QFEX US500-USD | −0.017% | +0.0010% | 1h | $11.7M | $3.1M | 30x | as long as short |
| Ondo Perps US500-USD.P | −0.016% | +0.0050% | 1h | $9.6M | $6.1M | 25x | as long as short |
| Lighter US500 | −0.014% | +0.0032% | 1h | $2.9M | $25.1M | 50x | as long as short |
| Paradex US500-USD-PERP | −0.012% | +0.0050% | 8h | $43K | — | 5x | as long as short |
| Bullet US500-USDshort | −0.011% | 0.0000% | 1h | $13K | $108K | 10x |
Show all 18 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps SP500-USD | −0.003% | +0.0050% | 1h | $7.6M | $1.5M | 50x | as long as short |
| tradeXYZ xyz:SP500long | 0.000% | +0.0050% | 1h | $433.5M | $246.9M | 50x | |
| Popdex US500USDT | +0.003% | +0.0048% | 1h | $547K | $212K | 20x | as long as short |
| Aftermath Perps US500USD | +0.017% | +0.0379% | 1h | $458 | $16K | 10x | as long as short |
| Pacifica SP500 | +0.022% | +0.0100% | 1h | $267K | $163K | 20x | as long as short |
| Extended SPX500m-USD | +0.030% | −0.0328% | 1h | $3.2M | $14.2M | 25x | as long as short |
| OKX US500-USDT-SWAP | +0.031% | 0.0000% | 8h | $151K | $296K | 20x | as long as short |
| Vest SPX-USD-PERP | +0.864% | +0.0046% | 1h | — | $3.5M | 50x | as long as short |