Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Popdex against OKX+0.023%7-day average −0.043% · 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−$23as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 4 days (all we have)−0.317%−$32 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.023%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.066% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.043%. Mind the row above: over the last 4 days funding on this pair cost −0.317%, 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 | 7,766.4 | 0 | get 0.0000% / 8h | 50m 54s | $141K | $231K | 20x |
| Short | Popdex US500USDT | 7,768.2 | 0.0048 | get 0.0006% / 1h | 50m 54s | $624K | $529K | 20x |
OKX US500-USDT-SWAP
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $10.08
- Price spread: +0.023% → −0.043%
- $6.6
- Slippage, 4 orders
- −$13.68
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$13.4
- Costs to cover
- 0.301%
- Break-even
- 16.3 days
Slippage from OKX: live order book, 49 min ago; Popdex: live order book, 53 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, 49 min ago | 0.97 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 53 min ago | 0.39 bp | 3.6 bp −$4 | 3.6 bp −$36 | 7.3 bp −$727 | 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 | 7,666.5 | −1.286% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,766.8 | +0.005% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,766.4 | long leg | $141K | $231K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,768.8 | +0.031% | $7.2M | $767K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.8 | −0.316% | $17.5M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.3 | −0.001% | $12K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.5 | −0.012% | $1.9M | $27.8M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.2 | +0.023% | $3.2M | $13.2M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.359% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.6 | +0.866% | — | $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
Markets by Kinetiq mkts:US500
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 | 7,768.2 | +0.023% | $624K | $529K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.9 | −0.006% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.6 | +0.003% | $437.0M | $236.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | −0.008% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.4 | 0.000% | $1.2M | $99K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.2 | +0.011% | $9.5M | $8.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.2 | +0.023% | $261K | $164K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0325% | 1h | 7,767.3 | +0.011% | $481 | $28K | 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