Funding you earn now, next payment 01:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.013%
Price spread now: QFEX against SoDEX+0.017%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−$47as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 3 days (all we have)−0.045%−$5 on $10k
+Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.017%, 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 | SoDEX US500-USD | 7,768.1 | 0.0050 | pay 0.0006% / 1h | 2m 13s | $1.1M | $85K | 20x |
| Short | QFEX US500-USD | 7,769.4 | −0.0045 | pay 0.0006% / 1h | 2m 13s | $11.9M | $3.2M | 30x |
SoDEX US500-USD
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against SoDEX. 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
- −$19.86
- Price spread: +0.017% → +0.003%
- $1.39
- Slippage, 4 orders
- −$30.8
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$67.27
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 2 min ago; QFEX: live order book, 7 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 SoDEX live order book, 2 min ago | 0.06 bp | 18.4 bp −$18 | 49.2 bp −$492 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.09 bp | 6.1 bp −$6 | 11.1 bp −$111 | 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 | 7,664.8 | −1.330% | $7K | $107 | 52x | as long as short |
| QFEX US500-USDshort | −0.0045% | 1h | 7,769.4 | +0.017% | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.5 | −0.021% | $152K | $235K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,773.1 | +0.064% | $7.2M | $772K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.5 | −0.316% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.4 | +0.004% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.5 | −0.021% | $2.2M | $29.0M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.7 | +0.007% | $3.2M | $15.0M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.8 | −0.377% | $1.6M | $7.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.1 | +0.837% | — | $3.9M | 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 | 7,769.2 | +0.014% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.8 | −0.029% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.7 | +0.008% | $434.7M | $241.1M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.2 | −0.024% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USDlong | +0.0050% | 1h | 7,768.1 | long leg | $1.1M | $85K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.3 | +0.002% | $9.5M | $7.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.5 | +0.005% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0265% | 1h | 7,766 | −0.027% | $458 | $22K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD