Funding you earn now, next payment 09:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.004%
Price spread now: Extended against OKX−0.054%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$490.489% of the position
Funding, last 7 days−0.623%−$62 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.054%, 7d avg −0.112%
=Together, before fees−0.693%+ Points / potential airdropExtended: Active · farm board−$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.058% dearer against OKX than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.112%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.623% in total) that is about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,748.5 | 0 | get 0.0000% / 8h | 7h 28m | $141K | $229K | 20x |
| Short | Extended SPX500m-USD | 7,744.3 | −0.0064 | pay 0.0008% / 1h | 28m 26s | $3.3M | $11.3M | 25x |
OKX US500-USDT-SWAP
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against OKX. 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
- −$13.44
- Price spread: −0.054% → −0.112%
- $5.84
- Slippage, 4 orders
- −$33.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$56.46
- Costs to cover
- 0.489%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Extended: live order book, 6 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 OKX live order book, 2 min ago | 0.84 bp | 27.3 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 0.90 bp | 6.1 bp −$6 | 8.1 bp −$81 | 20.3 bp −$2,025 | 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 | 7,663.3 | −1.100% | $7K | $104 | 52x | as long as short |
| Extended SPX500m-USDshort | −0.0064% | 1h | 7,744.3 | −0.054% | $3.3M | $11.3M | 25x | |
| QFEX US500-USD | −0.0042% | 1h | 7,743 | −0.071% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,748.5 | long leg | $141K | $229K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,751.3 | +0.036% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,722 | −0.342% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,742.4 | −0.079% | $13K | $104K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0002% | 1h | 7,742.6 | −0.076% | $427.7M | $238.4M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,741.9 | −0.085% | $2.0M | $28.2M | 50x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,715 | −0.432% | $1.6M | $7.5M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
Lighter US500
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,810.5 | +0.800% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,745.7 | −0.036% | $623K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,742.1 | −0.082% | $42K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,743.8 | −0.061% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,742.4 | −0.079% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,744 | −0.058% | $9.5M | $8.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,744.4 | −0.052% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0334% | 1h | 7,745.9 | −0.033% | $535 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD