Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.016%
Price spread now: OKX against Popdex+0.023%7-day average +0.049% · 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−$56as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Funding, last 3 days (all we have)+0.322%+$32 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.023%, 7d avg +0.049%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.026% cheaper against Popdex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.049%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.322%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex US500USDT | 7,769.2 | 0.0048 | pay 0.0006% / 1h | 16m 52s | $545K | $440K | 20x |
| Short | OKX US500-USDT-SWAP | 7,771 | 0 | get 0.0000% / 8h | 16m 52s | $153K | $252K | 20x |
Popdex US500USDT
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Popdex. 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% → +0.049%
- −$2.56
- Slippage, 4 orders
- −$37.16
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$66.2
- Costs to cover
- 0.536%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 62 min ago; OKX: live order book, 58 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 Popdex live order book, 62 min ago | 0.39 bp | 3.6 bp −$4 | 3.7 bp −$37 | 7.9 bp −$795 | doesn't fit |
| Sell OKX live order book, 58 min ago | 0.06 bp | 6.1 bp −$6 | 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 | 7,667.5 | −1.309% | $7K | $106 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,767.6 | −0.021% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,771 | +0.023% | $153K | $252K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.9 | +0.009% | $7.2M | $790K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.9 | −0.326% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.7 | −0.019% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.5 | −0.035% | $2.2M | $28.6M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.3 | +0.001% | $3.2M | $13.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739 | −0.389% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.8 | +0.831% | — | $3.5M | 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 US500USDTlong | +0.0048% | 1h | 7,769.2 | long leg | $545K | $440K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.7 | −0.032% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.9 | −0.017% | $437.1M | $254.2M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766 | −0.041% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.9 | −0.017% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.2 | −0.012% | $9.5M | $6.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.1 | −0.014% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0128% | 1h | 7,765.2 | −0.051% | $612 | $22K | 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