Funding you earn now, next payment 07:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.001%
Price spread now: QFEX against OKX−0.022%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 4 days (all we have)−0.369%−$37 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.022%, 7d avg −0.075%
=The price spread pays, funding is against you. QFEX is 0.053% dearer against OKX than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.075%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 4 days (−0.369% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,769.2 | 0 | get 0.0000% / 8h | 1h 50m | $141K | $231K | 20x |
| Short | QFEX US500-USD | 7,767.5 | −0.0039 | pay 0.0005% / 1h | 50m 08s | $11.9M | $3.2M | 30x |
OKX US500-USDT-SWAP
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$8.11
- Price spread: −0.022% → −0.075%
- $5.27
- Slippage, 4 orders
- −$17.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$40.81
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from OKX: live order book, 55 min ago; QFEX: live order book, 4 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, 55 min ago | 1.03 bp | 16.5 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 0.84 bp | 5.8 bp −$6 | 11.5 bp −$115 | 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 | 7,667.4 | −1.310% | $7K | $105 | 52x | as long as short |
| QFEX US500-USDshort | −0.0039% | 1h | 7,767.5 | −0.022% | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,769.2 | long leg | $141K | $231K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.6 | +0.005% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.4 | −0.358% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.3 | −0.011% | $12K | $104K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.6 | −0.033% | $1.9M | $28.2M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.1 | −0.002% | $3.2M | $14.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.5 | −0.382% | $1.6M | $7.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,834.4 | +0.839% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
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 US500USDT | +0.0048% | 1h | 7,769.6 | +0.005% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.8 | −0.031% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.9 | −0.004% | $431.7M | $233.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.1 | −0.040% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768 | −0.015% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.2 | 0.000% | $9.5M | $7.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.4 | −0.011% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0252% | 1h | 7,768.5 | −0.009% | $471 | $27K | 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