Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%
Price spread now: Bullet against QFEX−0.005%7-day average +0.003% · 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−$30as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.005%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, 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 | QFEX US500-USD | 7,761 | −0.0043 | get 0.0005% / 1h | 8m 14s | $9.9M | $3.1M | 30x |
| Short | Bullet US500-USD | 7,760.6 | 0 | get 0.0000% / 1h | 8m 14s | $13K | $104K | 10x |
QFEX US500-USD
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against QFEX. 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
- $8.94
- Price spread: −0.005% → +0.003%
- −$0.78
- Slippage, 4 orders
- −$10.82
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$20.66
- Costs to cover
- 0.288%
- Break-even
- 23.2 days
Slippage from QFEX: live order book, 6 min ago; Bullet: live order book, 31 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 QFEX live order book, 6 min ago | 1.55 bp | 8.0 bp −$8 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 31 min ago | 0.50 bp | 6.3 bp −$6 | 20.6 bp −$206 | 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 | 7,663.3 | −1.259% | $7K | $108 | 52x | as long as short |
| QFEX US500-USDlong | −0.0043% | 1h | 7,761 | long leg | $9.9M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | +0.070% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.9 | +0.089% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,738.1 | −0.295% | $17.5M | $8.5M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,760.6 | −0.005% | $13K | $104K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,759.5 | −0.019% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,762.1 | +0.014% | $3.2M | $12.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,734.7 | −0.339% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,828 | +0.863% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
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 | 7,763.5 | +0.032% | $625K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,760.2 | −0.010% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,760.7 | −0.004% | $436.1M | $232.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,760.2 | −0.010% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,760.4 | −0.008% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,762.8 | +0.024% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,763.1 | +0.028% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0339% | 1h | 7,762.5 | +0.020% | $446 | $29K | 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