Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h −0.002%
Price spread now: QFEX against Extended−0.021%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 3 days (all we have)−0.010%−$1 on $10k
+Price spread, last 7 days−0.094%−$9 · spread now −0.021%, 7d avg +0.017%
=Together, before fees−0.104%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.039% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,768.6 | 0.0032 | pay 0.0004% / 1h | 22m 31s | $3.2M | $13.5M | 25x |
| Short | QFEX US500-USD | 7,766.9 | −0.0038 | pay 0.0005% / 1h | 22m 31s | $11.8M | $3.1M | 30x |
Extended SPX500m-USD
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$14.65
- Price spread: −0.021% → +0.017%
- −$3.87
- Slippage, 4 orders
- −$8.68
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$42.2
- Costs to cover
- 0.237%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; QFEX: live order book, 6 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 | 1.10 bp | 4.9 bp −$5 | 6.3 bp −$63 | 18.9 bp −$1,888 | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.80 bp | 7.5 bp −$8 | 12.5 bp −$125 | 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 | 7,667.7 | −1.298% | $7K | $105 | 52x | as long as short |
| QFEX US500-USDshort | −0.0038% | 1h | 7,766.9 | −0.021% | $11.8M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,771.1 | +0.033% | $154K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.1 | +0.020% | $7.2M | $790K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743 | −0.330% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.6 | −0.025% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.7 | −0.037% | $2.2M | $28.6M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,768.6 | long leg | $3.2M | $13.5M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.6 | −0.386% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.3 | +0.833% | — | $3.5M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
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 | 7,768.2 | −0.005% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.6 | −0.038% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767 | −0.020% | $436.9M | $252.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.6 | −0.038% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.7 | −0.024% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.1 | −0.019% | $9.5M | $6.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.5 | −0.014% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0116% | 1h | 7,765.7 | −0.037% | $581 | $22K | 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