Funding you earn now, next payment 02:00 UTC+0.0266%/8h= +29.1% APRnext payment +$0.33 per $10,000 · paid last 24h +0.095%
Price spread now: Markets by Kinetiq against Injective+0.950%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.175%+$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Markets by Kinetiq is 0.950% dearer against Injective than usual: you sell high and buy low: +$95 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective US500/USDC PERP | 7,664.3 | −0.0220 | get 0.0028% / 1h | 34m 00s | $7K | $106 | 52x |
| Short | Markets by Kinetiq mkts:US500 | 7,737.1 | 0.0046 | get 0.0006% / 1h | 34m 00s | $1.6M | $7.0M | 25x |
Injective US500/USDC PERP
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq against Injective. 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
- $55.79
- Price spread: +0.950% → 0.000%
- $94.99
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- $149.13
- Costs to cover
- 0.016%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Markets by Kinetiq: live order book, 2 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Markets by Kinetiq live order book, 2 min ago | 0.06 bp | 1.0 bp −$1 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPlong | −0.0220% | 1h | 7,664.3 | long leg | $7K | $106 | 52x | |
| QFEX US500-USD | −0.0031% | 1h | 7,764.6 | +1.309% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.2 | +1.330% | $152K | $234K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.1 | +1.407% | $7.2M | $754K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.2 | +0.990% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,764.9 | +1.312% | $13K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,763.8 | +1.298% | $2.2M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.2 | +1.329% | $3.2M | $15.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,737.1 | +0.950% | $1.6M | $7.0M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,830.8 | +2.172% | — | $4.1M | 50x | as long as short |
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
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 | 7,767 | +1.340% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.8 | +1.298% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.2 | +1.316% | $432.8M | $241.3M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764 | +1.301% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,764.9 | +1.313% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,765.9 | +1.325% | $9.5M | $7.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.7 | +1.336% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0332% | 1h | 7,765.6 | +1.322% | $458 | $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