Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%
Price spread now: OKX against Bitget−0.064%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1141.137% of the position
Funding, last 7 days+0.720%+$72 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.064%, 7d avg +0.039%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.103% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SP500USDT | 7,766.6 | 0 | get 0.0000% / 8h | 2h 12m | $7.2M | $801K | 50x |
| Short | OKX US500-USDT-SWAP | 7,761.6 | 0 | get 0.0000% / 8h | 2h 12m | $152K | $300K | 20x |
Bitget SP500USDT
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: −0.064% → +0.039%
- −$10.34
- Slippage, 4 orders
- −$91.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$124.05
- Costs to cover
- 1.137%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 6 min ago; OKX: 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, 6 min ago | 9.08 bp | 29.2 bp −$29 | 38.2 bp −$382 | 40.4 bp −$4,038 | doesn't fit |
| Sell OKX live order book, 8 min ago | 1.03 bp | 7.3 bp −$7 | 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 | 7,660.8 | −1.362% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0028% | 1h | 7,766.2 | −0.005% | $11.7M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,761.6 | −0.064% | $152K | $300K | 20x | |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,766.6 | long leg | $7.2M | $801K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,739.3 | −0.351% | $17.5M | $10.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.1 | −0.020% | $13K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,762.5 | −0.053% | $2.5M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,761.8 | −0.062% | $3.2M | $15.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,735.7 | −0.398% | $1.6M | $7.6M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,828.1 | +0.792% | — | $3.6M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Variational Omni US500
Bullet US500-USD
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 | 7,765.9 | −0.009% | $428K | $323K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.3 | −0.043% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.1 | −0.019% | $434.3M | $276.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,763.4 | −0.041% | $7.6M | $1.5M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,760.6 | −0.077% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,763.3 | −0.043% | $9.5M | $6.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,762.8 | −0.050% | $258K | $196K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0252% | 1h | 7,759.9 | −0.086% | $539 | $20K | 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