Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h −0.017%
Price spread now: SoDEX against Markets by Kinetiq+0.379%7-day average +0.291% · 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−$30as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 3 days (all we have)−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)−0.075%−$8 · spread now +0.379%, 7d avg +0.291%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.088% dearer against Markets by Kinetiq than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.291%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,738.3 | 0.0046 | pay 0.0006% / 1h | 58m 56s | $1.6M | $7.1M | 25x |
| Short | SoDEX US500-USD | 7,767.6 | 0.0050 | get 0.0006% / 1h | 58m 56s | $1.1M | $85K | 20x |
Markets by Kinetiq mkts:US500
SoDEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $0.91
- Price spread: +0.379% → +0.291%
- $8.75
- Slippage, 4 orders
- −$29.58
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$29.54
- Costs to cover
- 0.392%
- Break-even
- 234.0 days
Slippage from Markets by Kinetiq: live order book, 8 min ago; SoDEX: live order book, 5 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, 8 min ago | 0.06 bp | 1.7 bp −$2 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 5 min ago | 0.06 bp | 18.3 bp −$18 | 48.7 bp −$487 | 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 | 7,664.8 | −0.950% | $7K | $103 | 52x | as long as short |
| QFEX US500-USD | −0.0045% | 1h | 7,769.4 | +0.402% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.5 | +0.364% | $152K | $234K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,773.2 | +0.451% | $7.2M | $772K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.3 | +0.065% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768 | +0.384% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.1 | +0.359% | $2.2M | $28.3M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.9 | +0.382% | $3.2M | $15.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,738.3 | long leg | $1.6M | $7.1M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.8 | +1.221% | — | $3.9M | 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 US500USDT | +0.0048% | 1h | 7,769.8 | +0.407% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.6 | +0.353% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.8 | +0.381% | $434.7M | $241.2M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766 | +0.358% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USDshort | +0.0050% | 1h | 7,767.6 | +0.379% | $1.1M | $85K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.2 | +0.386% | $9.5M | $7.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.3 | +0.388% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0263% | 1h | 7,766 | +0.358% | $459 | $22K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD