Funding you earn now, next payment 06:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Popdex against Markets by Kinetiq+0.390%7-day average +0.328% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$100.100% of the position
Funding, last 4 days (all we have)−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.390%, 7d avg +0.328%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.062% dearer against Markets by Kinetiq than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.328%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,737.8 | 0.0046 | pay 0.0006% / 1h | 45m 36s | $1.6M | $7.1M | 25x |
| Short | Popdex US500USDT | 7,768 | 0.0048 | get 0.0006% / 1h | 45m 36s | $584K | $487K | 20x |
Markets by Kinetiq mkts:US500
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $0.49
- Price spread: +0.390% → +0.328%
- $6.19
- Slippage, 4 orders
- −$2
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$3.34
- Costs to cover
- 0.100%
- Break-even
- 54.6 days
Slippage from Markets by Kinetiq: live order book, 2 min ago; Popdex: 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 Markets by Kinetiq live order book, 2 min ago | 0.19 bp | 1.2 bp −$1 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 3 min ago | 0.51 bp | 3.7 bp −$4 | 3.8 bp −$38 | 7.2 bp −$717 | 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 | 7,664.8 | −0.943% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0033% | 1h | 7,766.2 | +0.367% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.8 | +0.375% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.4 | +0.408% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740 | +0.028% | $17.5M | $9.6M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.9 | +0.363% | $12K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764.6 | +0.346% | $2.1M | $27.9M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.2 | +0.380% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,737.8 | long leg | $1.6M | $7.1M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.6 | +1.213% | — | $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
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 US500USDTshort | +0.0048% | 1h | 7,768 | +0.390% | $584K | $487K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.3 | +0.342% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766 | +0.364% | $431.4M | $235.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.6 | +0.346% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.9 | +0.363% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.9 | +0.377% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.6 | +0.372% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0244% | 1h | 7,764.9 | +0.350% | $470 | $26K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD