Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.001%
Price spread now: QFEX against Bullet+0.009%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 3 days (all we have)+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.009%, 7d avg −0.004%
=The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet US500-USD | 7,768.4 | 0 | get 0.0000% / 1h | 52m 57s | $11K | $108K | 10x |
| Short | QFEX US500-USD | 7,769.1 | −0.0036 | pay 0.0004% / 1h | 52m 57s | $11.9M | $3.2M | 30x |
Bullet US500-USD
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bullet. 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
- −$7.46
- Price spread: +0.009% → −0.004%
- $1.27
- Slippage, 4 orders
- −$9.76
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$33.95
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 11 min ago; QFEX: live order book, 11 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 Bullet live order book, 11 min ago | 0.50 bp | 6.3 bp −$6 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 11 min ago | 1.61 bp | 8.1 bp −$8 | 13.0 bp −$130 | 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 | 7,665.8 | −1.321% | $7K | $105 | 52x | as long as short |
| QFEX US500-USDshort | −0.0036% | 1h | 7,769.1 | +0.009% | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.9 | −0.033% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.8 | +0.043% | $7.2M | $762K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.4 | −0.322% | $17.4M | $9.1M | — | as long as short |
| Bullet US500-USDlong | 0.0000% | 1h | 7,768.4 | long leg | $11K | $108K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,766.6 | −0.023% | $2.1M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.9 | +0.006% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.8 | −0.368% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.4 | +0.836% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
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 | 7,769.8 | +0.018% | $545K | $448K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.9 | −0.032% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.4 | 0.000% | $431.6M | $241.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.4 | −0.026% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.9 | −0.007% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,770.3 | +0.024% | $9.5M | $7.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.5 | +0.002% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0320% | 1h | 7,766 | −0.031% | $536 | $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