Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%
Price spread now: tradeXYZ against Bitget−0.050%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now −0.050%, 7d avg −0.061%
=Together, before fees+0.018%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SP500USDT | 7,771.8 | 0 | get 0.0000% / 8h | 40m 45s | $7.2M | $790K | 50x |
| Short | tradeXYZ xyz:SP500 | 7,767.9 | 0.0050 | get 0.0006% / 1h | 40m 45s | $436.3M | $255.8M | 50x |
Bitget SP500USDT
tradeXYZ xyz:SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.050% → −0.061%
- $1.1
- Slippage, 4 orders
- −$39.8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$58.2
- Costs to cover
- 0.698%
- Break-even
- 45.8 days
Slippage from Bitget: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago | 6.76 bp | 23.8 bp −$24 | 32.7 bp −$327 | 35.1 bp −$3,509 | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.06 bp | 9.1 bp −$9 | 9.1 bp −$91 | 10.1 bp −$1,005 | 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 | 7,666.6 | −1.354% | $7K | $103 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,768 | −0.049% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.5 | −0.030% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,771.8 | long leg | $7.2M | $790K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,743.4 | −0.366% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.2 | −0.047% | $12K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.4 | −0.069% | $2.2M | $28.2M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.1 | −0.034% | $3.2M | $13.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.3 | −0.431% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.4 | +0.792% | — | $3.5M | 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
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 | 7,768.7 | −0.040% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.2 | −0.072% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500short | +0.0050% | 1h | 7,767.9 | −0.050% | $436.3M | $255.8M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.3 | −0.071% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768 | −0.049% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.1 | −0.048% | $9.5M | $6.8M | 25x | as long as short |
| Aftermath Perps US500USD | +0.0057% | 1h | 7,765.9 | −0.076% | $597 | $22K | 10x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.5 | −0.042% | $258K | $195K | 20x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD
Pacifica SP500