Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.004%
Price spread now: OKX against Extended−0.007%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs+$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days+0.671%+$67 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.007%, 7d avg +0.114%
=Together, before fees+0.769%+ Points / potential airdropExtended: Active · farm board+$77 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.121% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.114%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.671%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,770.2 | 0.0032 | pay 0.0004% / 1h | 1m 57s | $3.2M | $13.7M | 25x |
| Short | OKX US500-USDT-SWAP | 7,769.7 | 0 | get 0.0000% / 8h | 1h 01m | $141K | $232K | 20x |
Extended SPX500m-USD
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- −$6.72
- Price spread: −0.007% → +0.114%
- −$12.09
- Slippage, 4 orders
- −$17.79
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$51.6
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; OKX: live order book, 38 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 Extended live order book, 2 min ago | 0.90 bp | 3.4 bp −$3 | 6.7 bp −$67 | 20.8 bp −$2,084 | doesn't fit |
| Sell OKX live order book, 38 min ago | 0.97 bp | 9.6 bp −$10 | 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 | 7,666.1 | −1.340% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,768.9 | −0.017% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,769.7 | −0.007% | $141K | $232K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,770 | −0.003% | $7.2M | $765K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.7 | −0.341% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.7 | −0.020% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,767.5 | −0.035% | $1.9M | $28.8M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,770.2 | long leg | $3.2M | $13.7M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.9 | −0.403% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,835.8 | +0.843% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
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 | 7,770.6 | +0.005% | $624K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.9 | −0.030% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.4 | −0.023% | $436.9M | $238.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,767.3 | −0.038% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768.6 | −0.021% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.4 | −0.024% | $9.5M | $8.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.8 | −0.018% | $261K | $164K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0323% | 1h | 7,768.5 | −0.022% | $471 | $28K | 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