Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.019%
Price spread now: Markets by Kinetiq against Bitget−0.425%7-day average −0.294% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 7 days+0.237%+$24 · spread now −0.425%, 7d avg −0.294%
=Funding pays, the price is against you. Markets by Kinetiq is 0.131% cheaper against Bitget than usual: you would sell low and buy high (spread −0.425% now, against its 7-day average of −0.294%). If the spread goes back, that is −$13 on $10k: about 9.5 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SP500USDT | 7,767.9 | 0 | get 0.0000% / 8h | 9m 10s | $7.2M | $768K | 50x |
| Short | Markets by Kinetiq mkts:US500 | 7,734.9 | 0.0046 | get 0.0006% / 1h | 9m 10s | $1.6M | $7.4M | 25x |
Bitget SP500USDT
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq against Bitget. 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: −0.425% → −0.294%
- −$13.07
- Slippage, 4 orders
- −$33.23
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$50.32
- Costs to cover
- 0.468%
- Break-even
- 43.7 days
Slippage from Bitget: live order book, 4 min ago; Markets by Kinetiq: live order book, 8 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 Bitget live order book, 4 min ago | 3.67 bp | 19.4 bp −$19 | 35.9 bp −$359 | 38.5 bp −$3,854 | doesn't fit |
| Sell Markets by Kinetiq live order book, 8 min ago | 0.06 bp | 2.2 bp −$2 | doesn't fit | 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 | 7,663.3 | −1.347% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,761.9 | −0.077% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | −0.019% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,767.9 | long leg | $7.2M | $768K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,738.1 | −0.384% | $17.5M | $8.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,761.4 | −0.083% | $12K | $104K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,759.8 | −0.104% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,762.6 | −0.068% | $3.2M | $12.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,734.9 | −0.425% | $1.6M | $7.4M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,828.8 | +0.783% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
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 | 7,763.9 | −0.051% | $625K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,760.7 | −0.093% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,760.8 | −0.091% | $436.0M | $232.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,760.6 | −0.094% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,760.9 | −0.090% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,762.8 | −0.065% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,763.6 | −0.055% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0339% | 1h | 7,762.5 | −0.069% | $446 | $29K | 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