Funding you earn now, next payment 04:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.024%
Price spread now: QFEX against Markets by Kinetiq+0.367%7-day average +0.229% · 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−$180.178% of the position
Funding, last 4 days (all we have)−0.090%−$9 on $10k
+Price spread, last 7 days−0.233%−$23 · spread now +0.367%, 7d avg +0.229%
=The price spread pays, funding is against you. QFEX is 0.138% dearer against Markets by Kinetiq than usual: you sell high and buy low (spread +0.367% now, against its 7-day average of +0.229%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,737.9 | 0.0046 | pay 0.0006% / 1h | 11m 06s | $1.6M | $6.9M | 25x |
| Short | QFEX US500-USD | 7,766.3 | −0.0029 | pay 0.0004% / 1h | 11m 06s | $11.9M | $3.2M | 30x |
Markets by Kinetiq mkts:US500
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$15.6
- Price spread: +0.367% → +0.229%
- $13.84
- Slippage, 4 orders
- −$6.21
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$19.6
- Costs to cover
- 0.178%
- Break-even
- never at this rate
Slippage from Markets by Kinetiq: live order book, 5 min ago; QFEX: live order book, 8 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, 5 min ago | 0.19 bp | 1.6 bp −$2 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.16 bp | 7.5 bp −$8 | 12.4 bp −$124 | 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 | 7,665.2 | −0.940% | $7K | $108 | 52x | as long as short |
| QFEX US500-USDshort | −0.0029% | 1h | 7,766.3 | +0.367% | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.3 | +0.354% | $151K | $224K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.3 | +0.432% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.9 | +0.039% | $17.5M | $9.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766 | +0.363% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764.7 | +0.346% | $2.2M | $28.8M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.4 | +0.369% | $3.2M | $15.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,737.9 | long leg | $1.6M | $6.9M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.5 | +1.210% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
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 | 7,767.8 | +0.386% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.6 | +0.332% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.9 | +0.362% | $431.7M | $239.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.6 | +0.345% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.7 | +0.359% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.7 | +0.372% | $9.5M | $7.6M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.6 | +0.370% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0224% | 1h | 7,764.9 | +0.349% | $526 | $24K | 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