Funding you earn now, next payment 23:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.012%
Price spread now: QFEX against Popdex−0.017%7-day average −0.032% · 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−$19as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 3 days (all we have)−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.017%, 7d avg −0.032%
=The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex US500USDT | 7,769.1 | 0.0048 | pay 0.0006% / 1h | 3m 33s | $545K | $440K | 20x |
| Short | QFEX US500-USD | 7,767.8 | 0 | get 0.0000% / 1h | 3m 33s | $11.8M | $3.1M | 30x |
Popdex US500USDT
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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: −0.017% → −0.032%
- $1.49
- Slippage, 4 orders
- −$3.96
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$28.96
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 15 min ago; QFEX: live order book, 5 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, 15 min ago | 0.39 bp | 3.6 bp −$4 | 3.7 bp −$37 | 7.9 bp −$795 | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.35 bp | 6.8 bp −$7 | 13.0 bp −$130 | 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 | 7,664.4 | −1.348% | $7K | $106 | 52x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765 | −0.053% | $153K | $293K | 20x | as long as short |
| QFEX US500-USDshort | 0.0000% | 1h | 7,767.8 | −0.017% | $11.8M | $3.1M | 30x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.4 | −0.022% | $7.2M | $784K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.5 | −0.355% | $17.4M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.7 | −0.018% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.7 | −0.044% | $2.1M | $29.0M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.6 | −0.006% | $3.2M | $14.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.9 | −0.402% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.6 | +0.818% | — | $3.5M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
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 | 7,769.1 | long leg | $545K | $440K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.4 | −0.047% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.5 | −0.021% | $436.2M | $256.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.6 | −0.045% | $7.8M | $1.1M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767 | −0.027% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767 | −0.027% | $9.5M | $6.7M | 25x | as long as short |
| Aftermath Perps US500USD | +0.0093% | 1h | 7,763.1 | −0.078% | $458 | $21K | 10x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.6 | −0.020% | $258K | $195K | 20x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD
Pacifica SP500