Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.013%
Price spread now: SoDEX against QFEX+0.005%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 3 days (all we have)+0.044%+$4 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.005%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, 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 | 7,768.2 | −0.0038 | get 0.0005% / 1h | 44m 28s | $11.8M | $3.1M | 30x |
| Short | SoDEX US500-USD | 7,768.6 | 0.0050 | get 0.0006% / 1h | 44m 28s | $1.1M | $85K | 20x |
QFEX US500-USD
SoDEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $18.43
- Price spread: +0.005% → −0.003%
- $0.8
- Slippage, 4 orders
- −$30.61
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$29.38
- Costs to cover
- 0.486%
- Break-even
- 18.2 days
Slippage from QFEX: live order book, 5 min ago; SoDEX: 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, 5 min ago | 0.90 bp | 6.3 bp −$6 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 4 min ago | 0.06 bp | 18.2 bp −$18 | 49.3 bp −$493 | 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 | 7,666.6 | −1.308% | $7K | $103 | 52x | as long as short |
| QFEX US500-USDlong | −0.0038% | 1h | 7,768.2 | long leg | $11.8M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.5 | +0.017% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.5 | +0.042% | $7.2M | $790K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.4 | −0.319% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.8 | +0.007% | $12K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.9 | −0.017% | $2.2M | $28.2M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.6 | +0.018% | $3.2M | $13.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.7 | −0.380% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.9 | +0.845% | — | $3.5M | 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 | 7,770 | +0.023% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.7 | −0.019% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.7 | +0.006% | $436.3M | $255.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.8 | −0.018% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USDshort | +0.0050% | 1h | 7,768.6 | +0.005% | $1.1M | $85K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.2 | +0.012% | $9.5M | $6.7M | 25x | as long as short |
| Aftermath Perps US500USD | +0.0052% | 1h | 7,764.8 | −0.043% | $553 | $22K | 10x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,769.3 | +0.014% | $258K | $195K | 20x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD
Pacifica SP500