Funding you earn now, next payment 12:00 UTC−0.0012%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.079%
Price spread now: Injective against Markets by Kinetiq−1.085%94s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Injective is 1.085% cheaper against Markets by Kinetiq than usual: you would sell low and buy high (−$108 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,742 | 0.0046 | pay 0.0006% / 1h | 55m 33s | $1.5M | $8.1M | 25x |
| Short | Injective US500/USDC PERP | 7,658 | 0.0033 | get 0.0004% / 1h | 55m 33s | $7K | $92 | 52x |
Markets by Kinetiq mkts:US500
Injective US500/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Markets by Kinetiq. 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
- −$2.59
- Price spread: −1.085% → 0.000%
- −$108.5
- Slippage, 4 orders
- no order book: not counted
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$112.73
- Costs to cover
- 0.016%
- Break-even
- never at this rate
Slippage unknown: Markets by Kinetiq: live order book, 5 min ago; Injective: no order-book sample. 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 Markets by Kinetiq live order book, 5 min ago | 0.06 bp | 0.9 bp −$1 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX US500-USD | −0.0039% | 1h | 7,769.4 | +0.354% | $9.9M | $3.4M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,772.5 | +0.394% | $134K | $247K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,764.5 | +0.291% | $7.2M | $419K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.1 | +0.014% | $17.5M | $6.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.3 | +0.340% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,767.3 | +0.327% | $2.1M | $28.3M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,770 | +0.361% | $3.3M | $10.0M | 25x | as long as short |
| Injective US500/USDC PERPshort | +0.0033% | 1h | 7,658 | −1.085% | $7K | $92 | 52x | |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,742 | long leg | $1.5M | $8.1M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,834.4 | +1.193% | — | $4.3M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,771.7 | +0.384% | $625K | $513K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.7 | +0.331% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,769.4 | +0.354% | $433.6M | $240.8M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | +0.307% | $9.2M | $5.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.3 | +0.327% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769 | +0.348% | $9.5M | $8.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,769.8 | +0.359% | $259K | $175K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0313% | 1h | 7,768.8 | +0.346% | $529 | $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