SP500

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h +0.019%

Price spread now: Ondo Perps against QFEX+0.007%7-day average +0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.007%, 7d avg +0.006%

Together, before fees+0.034%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$3 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	7,772.1	−0.0051	get 0.0006% / 1h	49m 41s	$9.9M	$3.4M	30x
Short	Ondo Perps US500-USD.P	7,772.6	0.0050	get 0.0006% / 1h	49m 41s	$9.5M	$8.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee Ondo PerpsbpOrdersPrice spread, now +0.007%Rate

Funding earned: $21.39
Price spread: +0.007% → +0.006%: $0.03
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $6.41
Costs to cover: 0.150%
Break-even: 4.9 days

Slippage unknown: QFEX: live order book, 7 min ago; Ondo Perps: 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, 7 min ago	1.61 bp	6.6 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 exchanges

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	7,658	−1.468%	$7K	$97	52x	as long as short
QFEX US500-USDlong	−0.0051%	1h	7,772.1	long leg	$9.9M	$3.4M	30x
Extended SPX500m-USD	−0.0016%	1h	7,772.6	+0.007%	$3.2M	$10.0M	25x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	7,771.9	−0.003%	$130K	$240K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	7,765.5	−0.085%	$7.2M	$518K	50x	as long as short
Variational Omni US500	0.0000%	8h	7,747.2	−0.321%	$17.6M	$6.0M	—	as long as short
Bullet US500-USD	0.0000%	1h	7,772.4	+0.003%	$13K	$104K	10x	as long as short
Lighter US500	+0.0032%	1h	7,769.3	−0.036%	$2.1M	$28.9M	50x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	7,743.9	−0.363%	$1.4M	$8.2M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	7,839.3	+0.864%	—	$4.3M	50x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex US500USDT	+0.0048%	1h	7,773.2	+0.014%	$625K	$508K	20x	as long as short
Paradex US500-USD-PERP	+0.0050%	8h	7,769.8	−0.030%	$43K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	7,771.2	−0.012%	$425.1M	$238.9M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	7,769.8	−0.030%	$9.2M	$5.3M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	7,771.7	−0.005%	$1.4M	$191K	20x	as long as short
Ondo Perps US500-USD.Pshort	+0.0050%	1h	7,772.6	+0.007%	$9.5M	$8.7M	25x
Pacifica SP500	+0.0100%	1h	7,770.3	−0.024%	$259K	$175K	20x	as long as short
Aftermath Perps US500USD	+0.0293%	1h	7,768.6	−0.045%	$485	$29K	10x	as long as short