Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%
Price spread now: Bullet against Vest−0.831%7-day average −0.961% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.831%, 7d avg −0.961%
=Together, before fees−0.089%+ Points / potential airdropVest: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bullet is 0.130% dearer against Vest than usual: you sell high and buy low (spread −0.831% now, against its 7-day average of −0.961%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPX-USD-PERP | 7,832.5 | 0.0046 | pay 0.0006% / 1h | 48m 47s | — | $4.3M | 50x |
| Short | Bullet US500-USD | 7,767.4 | 0 | get 0.0000% / 1h | 48m 47s | $11K | $108K | 10x |
Vest SPX-USD-PERP
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Vest. 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
- −$9.59
- Price spread: −0.831% → −0.961%
- $13.02
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$6.57
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Bullet: live order book, 15 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 Vest no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 15 min ago | 0.50 bp | 6.3 bp −$6 | 20.6 bp −$206 | doesn't fit | doesn't fit |
Vest: 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 | 7,665.8 | −2.128% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,769.1 | −0.809% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.9 | −0.850% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.7 | −0.789% | $7.2M | $762K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.3 | −1.138% | $17.4M | $9.1M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,767.4 | −0.831% | $11K | $108K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,765.2 | −0.859% | $2.1M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.5 | −0.830% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.7 | −1.198% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERPlong | +0.0046% | 1h | 7,832.5 | long leg | — | $4.3M | 50x |
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:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,769.2 | −0.808% | $545K | $448K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.5 | −0.869% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.5 | −0.843% | $431.5M | $241.2M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.4 | −0.857% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.6 | −0.841% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.2 | −0.808% | $9.5M | $7.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.2 | −0.834% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0317% | 1h | 7,766.4 | −0.844% | $575 | $23K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD