Funding you earn now, next payment 04:00 UTC+0.0061%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h +0.004%
Price spread now: Extended against QFEX−0.003%7-day average −0.020% · 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−$23as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 4 days (all we have)+0.014%+$1 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.003%, 7d avg −0.020%
=Together, before fees+0.078%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$2 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 | 7,767.9 | −0.0029 | get 0.0004% / 1h | 19m 34s | $11.9M | $3.2M | 30x |
| Short | Extended SPX500m-USD | 7,767.7 | 0.0032 | get 0.0004% / 1h | 19m 34s | $3.2M | $15.1M | 25x |
QFEX US500-USD
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $12.73
- Price spread: −0.003% → −0.020%
- $1.67
- Slippage, 4 orders
- −$9.83
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$10.42
- Costs to cover
- 0.248%
- Break-even
- 12.7 days
Slippage from QFEX: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago | 1.42 bp | 7.9 bp −$8 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.77 bp | 3.3 bp −$3 | 7.6 bp −$76 | 21.0 bp −$2,101 | 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 | 7,665.5 | −1.318% | $7K | $107 | 52x | as long as short |
| QFEX US500-USDlong | −0.0029% | 1h | 7,767.9 | long leg | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,764.7 | −0.041% | $152K | $216K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.4 | +0.045% | $7.2M | $775K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.2 | −0.331% | $17.5M | $9.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767 | −0.012% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.7 | −0.028% | $2.2M | $28.5M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,767.7 | −0.003% | $3.2M | $15.1M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738 | −0.385% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.6 | +0.833% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
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 | 7,768.6 | +0.009% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.1 | −0.036% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.1 | −0.010% | $431.9M | $239.2M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.6 | −0.030% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.2 | −0.009% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.1 | +0.016% | $9.5M | $7.6M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.7 | −0.003% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0225% | 1h | 7,764.2 | −0.047% | $515 | $24K | 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