Funding you earn now, next payment 22:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h −0.069%
Price spread now: Injective against QFEX−1.342%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 1.342% cheaper against QFEX than usual: you would sell low and buy high (−$134 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US500-USD | 7,765 | −0.0028 | get 0.0004% / 1h | 4m 10s | $11.7M | $3.1M | 30x |
| Short | Injective US500/USDC PERP | 7,660.8 | −0.0220 | pay 0.0028% / 1h | 4m 10s | $7K | $105 | 52x |
QFEX US500-USD
Injective US500/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$40.25
- Price spread: −1.342% → 0.000%
- −$134.19
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$184.46
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 10 min ago; Injective: no order-book sample. Net counts fees only.
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, 10 min ago | 1.67 bp | 7.6 bp −$8 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.0220% | 1h | 7,660.8 | −1.342% | $7K | $105 | 52x | |
| QFEX US500-USDlong | −0.0028% | 1h | 7,765 | long leg | $11.7M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,763.7 | −0.017% | $153K | $299K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.4 | +0.031% | $7.2M | $801K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.1 | −0.321% | $17.5M | $10.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,764.9 | −0.002% | $13K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,762.3 | −0.035% | $2.5M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,762.1 | −0.038% | $3.2M | $15.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.4 | −0.368% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,828.5 | +0.818% | — | $3.6M | 50x | as long as short |
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 US500USDT | +0.0048% | 1h | 7,765.5 | +0.006% | $428K | $324K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,762 | −0.039% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,764.6 | −0.005% | $434.3M | $275.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,763.6 | −0.018% | $7.6M | $1.5M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,761 | −0.052% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,762.4 | −0.033% | $9.5M | $6.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,763.2 | −0.023% | $258K | $196K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0212% | 1h | 7,760.3 | −0.060% | $458 | $20K | 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