Funding you earn now, next payment 03:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.011%
Price spread now: tradeXYZ against QFEX−0.003%49s7-day average 0.000% · 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—prices read too far apart to compare
costs, in and out, $10k−$300.303% of the position
Funding, last 4 days (all we have)+0.032%+$3 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now −0.003%, 7d avg 0.000%
=Together, before fees+0.012%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US500-USD | 7,767.4 | −0.0036 | get 0.0004% / 1h | 47m 54s | $11.9M | $3.2M | 30x |
| Short | tradeXYZ xyz:SP500 | 7,767.2 | 0.0050 | get 0.0006% / 1h | 47m 54s | $431.5M | $241.3M | 50x |
QFEX US500-USD
tradeXYZ xyz:SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $17.96
- Price spread: −0.003% → 0.000%
- −$0.22
- Slippage, 4 orders
- −$2.32
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$12.58
- Costs to cover
- 0.303%
- Break-even
- 11.9 days
Slippage from QFEX: live order book, 6 min ago; tradeXYZ: live order book, 12 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, 6 min ago | 1.09 bp | 6.1 bp −$6 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 12 min ago | 0.06 bp | 9.1 bp −$9 | 9.3 bp −$93 | 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 | 7,665.8 | −1.308% | $7K | $105 | 52x | as long as short |
| QFEX US500-USDlong | −0.0036% | 1h | 7,767.4 | long leg | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.9 | −0.019% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.7 | +0.042% | $7.2M | $762K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.3 | −0.310% | $17.4M | $9.1M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767 | −0.005% | $11K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.5 | −0.024% | $2.1M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.6 | +0.003% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.1 | −0.364% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.1 | +0.833% | — | $4.3M | 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 | 7,768.2 | +0.010% | $545K | $448K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.5 | −0.038% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500short | +0.0050% | 1h | 7,767.2 | −0.003% | $431.5M | $241.3M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.2 | −0.028% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.9 | −0.006% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.3 | +0.011% | $9.5M | $7.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.2 | −0.003% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0317% | 1h | 7,766.4 | −0.012% | $575 | $23K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD