Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.010%
Price spread now: Markets by Kinetiq against Polymarket Perps−0.345%7-day average −0.226% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$110.114% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 7 days+0.210%+$21 · spread now −0.345%, 7d avg −0.226%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Markets by Kinetiq is 0.119% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.226%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SP500-USD | 7,764.6 | 0.0050 | pay 0.0006% / 1h | 45m 43s | $9.0M | $2.2M | 50x |
| Short | Markets by Kinetiq mkts:US500 | 7,737.8 | 0.0046 | get 0.0006% / 1h | 45m 43s | $1.6M | $7.1M | 25x |
Polymarket Perps SP500-USD
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq against Polymarket Perps. 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
- −$0.91
- Price spread: −0.345% → −0.226%
- −$11.89
- Slippage, 4 orders
- −$1.75
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$24.17
- Costs to cover
- 0.114%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Markets by Kinetiq: live order book, 2 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 Polymarket Perps live order book, 3 min ago | 0.06 bp | 4.4 bp −$4 | 5.7 bp −$57 | 6.4 bp −$636 | 11.9 bp −$5,963 |
| Sell Markets by Kinetiq live order book, 2 min ago | 0.19 bp | 1.4 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 | 7,664.8 | −1.285% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0033% | 1h | 7,766.1 | +0.019% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.8 | +0.028% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.4 | +0.062% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740 | −0.317% | $17.5M | $9.6M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.9 | +0.017% | $12K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764.6 | 0.000% | $2.1M | $27.9M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.8 | +0.029% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,737.8 | −0.345% | $1.6M | $7.1M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.6 | +0.863% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
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 | 7,767.7 | +0.040% | $584K | $486K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.1 | −0.006% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766 | +0.018% | $431.4M | $235.7M | 50x | as long as short |
| Polymarket Perps SP500-USDlong | +0.0050% | 1h | 7,764.6 | long leg | $9.0M | $2.2M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.9 | +0.017% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.9 | +0.029% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.7 | +0.027% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0244% | 1h | 7,764.9 | +0.004% | $470 | $26K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD