Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.001%
Price spread now: OKX against QFEX−0.001%7-day average +0.077% · 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−$36as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 4 days (all we have)+0.368%+$37 on $10k
+Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.001%, 7d avg +0.077%
=Funding pays, the price is against you. OKX is 0.078% cheaper against QFEX than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.077%). If the spread goes back, that is −$8 on $10k: about 7.3 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.368% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US500-USD | 7,768.7 | −0.0036 | get 0.0004% / 1h | 30m 12s | $11.9M | $3.2M | 30x |
| Short | OKX US500-USDT-SWAP | 7,768.6 | 0 | get 0.0000% / 8h | 5h 30m | $152K | $219K | 20x |
QFEX US500-USD
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $7.46
- Price spread: −0.001% → +0.077%
- −$7.83
- Slippage, 4 orders
- −$8.23
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$28.6
- Costs to cover
- 0.282%
- Break-even
- 33.8 days
Slippage from QFEX: live order book, 4 min ago; OKX: live order book, 30 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 | 0.84 bp | 6.3 bp −$6 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell OKX live order book, 30 min ago | 0.58 bp | 6.7 bp −$7 | 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 | 7,666.5 | −1.316% | $7K | $106 | 52x | as long as short |
| QFEX US500-USDlong | −0.0036% | 1h | 7,768.7 | long leg | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,768.6 | −0.001% | $152K | $219K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.4 | +0.035% | $7.2M | $763K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.3 | −0.327% | $17.5M | $9.1M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.3 | −0.005% | $12K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.4 | −0.030% | $2.1M | $28.2M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.4 | −0.004% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.7 | −0.373% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.1 | +0.829% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
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 | 7,770.1 | +0.018% | $545K | $448K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.9 | −0.036% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.1 | −0.008% | $431.7M | $241.1M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.2 | −0.032% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.9 | −0.010% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,770.2 | +0.020% | $9.5M | $7.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.5 | −0.002% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0280% | 1h | 7,764.5 | −0.054% | $529 | $23K | 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