Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.011%
Price spread now: SoDEX against Extended−0.025%7-day average +0.044% · 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−$45as in the Price arb table
costs, in and out, $10k−$380.381% of the position
Funding, last 3 days (all we have)+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.025%, 7d avg +0.044%
=Together, before fees+0.049%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.069% cheaper against Extended than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.044%). If the spread goes back, that is −$7 on $10k: about 13 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,769.1 | 0.0032 | pay 0.0004% / 1h | 35m 59s | $3.2M | $12.7M | 25x |
| Short | SoDEX US500-USD | 7,767.2 | 0.0050 | get 0.0006% / 1h | 35m 59s | $1.3M | $153K | 20x |
Extended SPX500m-USD
SoDEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $3.78
- Price spread: −0.025% → +0.044%
- −$6.9
- Slippage, 4 orders
- −$25.09
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$41.21
- Costs to cover
- 0.381%
- Break-even
- 83.3 days
Slippage from Extended: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago | 1.03 bp | 4.9 bp −$5 | 7.5 bp −$75 | 22.0 bp −$2,205 | doesn't fit |
| Sell SoDEX live order book, 3 min ago | 0.77 bp | 17.0 bp −$17 | 48.9 bp −$489 | 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 | 7,666.6 | −1.319% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,767.1 | −0.026% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | −0.035% | $141K | $230K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,768 | −0.014% | $7.2M | $767K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.5 | −0.342% | $17.5M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.6 | −0.019% | $12K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.9 | −0.041% | $1.9M | $28.1M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,769.1 | long leg | $3.2M | $12.7M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.9 | −0.389% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,834.6 | +0.843% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
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 | 7,769 | −0.001% | $625K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.1 | −0.039% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.1 | −0.026% | $436.7M | $233.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.3 | −0.036% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USDshort | +0.0050% | 1h | 7,767.2 | −0.025% | $1.3M | $153K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.6 | −0.020% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.3 | −0.011% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0332% | 1h | 7,767.3 | −0.023% | $509 | $29K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD