SP500

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Markets by Kinetiqmkts:US500	7,608.7	+0.0046	pay 0.0006% / 1h	47m 18s	$2.3M	$783K	25x	Long Markets by Kinetiq
SHORT	GateSPX500_USDT	7,631.7	0	0.0000% / 8h	5h 47m	$1.6M	$27K	100x	Short Gate

Price gap+0.302%

Funding gap−0.0046% /8h

The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 41 hours. At the last 7 days' pace that is about 9.9 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$2−0.0046% /8h now · paid −0.016% over the last 7D

Price+$2spread +0.302% now, avg +0.278% → +0.023% if it goes back

Costs−$1401.402% of $10k · taker + slippage, in and out

Result−$139−1.39%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.302%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SP500 on 25 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Watch: Thin at this size4.1 / 44.4 bp
At $10k entering Gate costs 44.4 bp, fee and slippage, 10.8× Markets by Kinetiq’s.
Note: Margin at max leverage$400 + $100
Markets by Kinetiq 25x, Gate 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$1.37Long Markets by Kinetiq: 24 payments, −$1.37; short Gate: 3 payments, $0.00.
OK: Entry gap works for you+0.302% vs +0.278%
You short the dearer leg. If the gap goes back to average, the short gains.
Note: Short leg is thinner$1.6M vs $2.3M OI
Both legs are deep; Gate is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMarkets by Kinetiq No · Gate Yes
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0008%/8h × 21 periods−$1.64

Price spread+0.302% → +0.278% (7d avg)+$2.32

Slippage, 4 orderslive order books−$123.36

Fee Markets by Kinetiq bp × 2 orders−$1.80

Fee Gate bp × 2 orders−$15.00

Net · 7 days · $10k−$139.48

Costs to cover1.402%Break-evennever at this rate

Slippage: Markets by Kinetiq: live order book, 4 min ago; Gate: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMarkets by Kinetiq1.254.1 bp−$411.3 bp−$113doesn’t fitdoesn’t fit

SELL · SHORTGate8.2944.4 bp−$4492.9 bp−$929doesn’t fitdoesn’t fit

Closing costs about the same again.

SP500 news

posts that mention SP500 or S&P 500, from every exchangeSearch all news →

10-24 20:00	Kalshi	Other	JUST IN: Investment firm says S&P 500 could plunge 30% if AI stocks "go bust" @Kalshi on X ↗
10-23 12:00	Bybit	Other	@Bybit_Learn Recap of market action yesterday (Thur, Oct 22): - Bitcoin -4%, biggest 1-day drop since June - S&P 500 -1.2%, biggest 1-day drop since July - Gold -2.8%, now set for biggest weekly drop since June ICYMI: @Bybit_Learn shared a warning since Tue, Oct 20: @Bybit_Official on X ↗
10-21 18:18	Markets by Kinetiq	Other	Short tail HIP-3 offerings include US500, USTECH, TLT, IWM @Markets_xyz on X ↗
10-21 17:00	Kalshi	Other	BREAKING: Ed Yardeni says the AI bubble is real, but it isn't ready to burst yet 64% chance the S&P 500 closes 2027 above $8,000 @Kalshi on X ↗
10-21 03:30	Kalshi	Other	JUST IN: Corporate earnings growth is set to slow, per Bank of America • 10 of 11 S&P 500 sectors are estimated to post lower earnings growth in Q3 than in Q2 • Consumer Discretionary slows the most — from +91% to just +2% • Financials fall from +22.3% to +2.4% @Kalshi on X ↗
10-19 21:30	Kalshi	Other	JUST IN: Goldman Sachs warns markets face higher volatility as investor positioning turns defensive S&P 500 is expected to close 2026 at approximately $7,700 @Kalshi on X ↗