Funding you earn now, next payment 22:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against QFEX−0.019%7-day average −0.002% · 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−$27as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Funding, last 3 days (all we have)+0.031%+$3 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now −0.019%, 7d avg −0.002%
=The price spread sits at its 7-day average of −0.002%, 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 | 7,765.1 | −0.0028 | get 0.0004% / 1h | 1m 22s | $11.7M | $3.1M | 30x |
| Short | Polymarket Perps SP500-USD | 7,763.6 | 0.0050 | get 0.0006% / 1h | 1m 22s | $7.6M | $1.5M | 50x |
QFEX US500-USD
Polymarket Perps SP500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $16.45
- Price spread: −0.019% → −0.002%
- −$1.7
- Slippage, 4 orders
- −$6.9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$10.15
- Costs to cover
- 0.249%
- Break-even
- 11.3 days
Slippage from QFEX: live order book, 13 min ago; Polymarket Perps: live order book, 3 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, 13 min ago | 1.67 bp | 7.6 bp −$8 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 0.84 bp | 4.9 bp −$5 | 5.0 bp −$50 | 5.8 bp −$577 | 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 | 7,660.8 | −1.343% | $7K | $105 | 52x | as long as short |
| QFEX US500-USDlong | −0.0028% | 1h | 7,765.1 | long leg | $11.7M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,763.7 | −0.018% | $153K | $299K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,766.7 | +0.021% | $7.2M | $801K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.1 | −0.322% | $17.5M | $10.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.1 | 0.000% | $13K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,762 | −0.040% | $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 | 7,736.2 | −0.372% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,828.3 | +0.813% | — | $3.6M | 50x | as long as short |
Injective US500/USDC PERP
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 | 7,765.7 | +0.008% | $428K | $323K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,761.9 | −0.041% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,764.5 | −0.008% | $434.3M | $275.1M | 50x | as long as short |
| Polymarket Perps SP500-USDshort | +0.0050% | 1h | 7,763.6 | −0.019% | $7.6M | $1.5M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,761.1 | −0.052% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,762.8 | −0.030% | $9.5M | $6.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,763.4 | −0.022% | $258K | $196K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0195% | 1h | 7,760 | −0.066% | $494 | $20K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD