Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.023%
Price spread now: Markets by Kinetiq against OKX−0.432%7-day average −0.373% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 7 days−0.513%−$51 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.432%, 7d avg −0.373%
=Funding pays, the price is against you. Markets by Kinetiq is 0.060% cheaper against OKX than usual: you would sell low and buy high (spread −0.432% now, against its 7-day average of −0.373%). If the spread goes back, that is −$6 on $10k: about 4.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.513%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,769.9 | 0 | get 0.0000% / 8h | 3h 38m | $141K | $231K | 20x |
| Short | Markets by Kinetiq mkts:US500 | 7,736.3 | 0.0046 | get 0.0006% / 1h | 38m 57s | $1.6M | $6.9M | 25x |
OKX US500-USDT-SWAP
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq 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
- $9.59
- Price spread: −0.432% → −0.373%
- −$5.97
- Slippage, 4 orders
- −$8.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$16.96
- Costs to cover
- 0.206%
- Break-even
- 19.4 days
Slippage from OKX: live order book, 11 min ago; Markets by Kinetiq: 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 OKX live order book, 11 min ago | 1.03 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Markets by Kinetiq live order book, 8 min ago | 0.06 bp | 0.9 bp −$1 | doesn't fit | 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 | 7,664.2 | −1.360% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,765.3 | −0.059% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,769.9 | long leg | $141K | $231K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.2 | +0.004% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.4 | −0.380% | $17.5M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.5 | −0.057% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764 | −0.076% | $2.1M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.4 | −0.045% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,736.3 | −0.432% | $1.6M | $6.9M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.4 | +0.791% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
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 | 7,767.4 | −0.032% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.8 | −0.078% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.5 | −0.057% | $431.4M | $236.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.6 | −0.068% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.5 | −0.057% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.4 | −0.045% | $9.5M | $7.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.4 | −0.044% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0261% | 1h | 7,764.9 | −0.064% | $544 | $25K | 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