SP500

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.017%

Price spread now: QFEX against Ondo Perps−0.003%7-day average −0.010% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.054%−$5 on $10k

Price spread, last 7 days−0.106%−$11 · spread now −0.003%, 7d avg −0.010%

Together, before fees−0.160%+ Points / potential airdropOndo Perps: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps US500-USD.P	7,770.1	0.0050	pay 0.0006% / 1h	46m 19s	$9.5M	$7.9M	25x
Short	QFEX US500-USD	7,769.8	−0.0039	pay 0.0005% / 1h	46m 19s	$11.9M	$3.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee QFEXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$18.7
Price spread: −0.003% → −0.010%: $0.61
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$33.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; QFEX: live order book, 8 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell QFEX live order book, 8 min ago	0.84 bp	5.8 bp −$6	11.5 bp −$115	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−1.321%	$7K	$105	52x	as long as short
QFEX US500-USDshort	−0.0039%	1h	7,769.8	−0.003%	$11.9M	$3.1M	30x
OKX US500-USDT-SWAP	0.0000%	8h	7,769.2	−0.011%	$141K	$231K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	7,769.9	−0.002%	$7.2M	$775K	50x	as long as short
Variational Omni US500	0.0000%	8h	7,741.4	−0.369%	$17.5M	$9.3M	—	as long as short
Bullet US500-USD	0.0000%	1h	7,768.3	−0.023%	$12K	$104K	10x	as long as short
Lighter US500	+0.0032%	1h	7,767.3	−0.036%	$1.9M	$28.3M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	7,769.3	−0.010%	$3.2M	$14.7M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	7,739.5	−0.393%	$1.6M	$7.2M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	7,834.9	+0.834%	—	$4.3M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex US500USDT	+0.0048%	1h	7,769.9	−0.002%	$625K	$528K	20x	as long as short
Paradex US500-USD-PERP	+0.0050%	8h	7,767.3	−0.036%	$43K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	7,768.2	−0.024%	$430.2M	$234.8M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	7,766.4	−0.047%	$9.0M	$2.3M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	7,768.4	−0.021%	$1.1M	$69K	20x	as long as short
Ondo Perps US500-USD.Plong	+0.0050%	1h	7,770.1	long leg	$9.5M	$7.9M	25x
Pacifica SP500	+0.0100%	1h	7,768.7	−0.018%	$261K	$177K	20x	as long as short
Aftermath Perps US500USD	+0.0260%	1h	7,768.4	−0.021%	$502	$27K	10x	as long as short