Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%
Price spread now: Bitget against tradeXYZ+0.040%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now +0.040%, 7d avg +0.061%
=Together, before fees+0.018%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,767.2 | 0.0050 | pay 0.0006% / 1h | 15m 51s | $431.9M | $242.4M | 50x |
| Short | Bitget SP500USDT | 7,770.3 | 0 | get 0.0000% / 8h | 6h 15m | $7.2M | $762K | 50x |
tradeXYZ xyz:SP500
Bitget SP500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against tradeXYZ. 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
- −$10.5
- Price spread: +0.040% → +0.061%
- −$2.13
- Slippage, 4 orders
- −$39.57
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$82.2
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Bitget: live order book, 2 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 tradeXYZ live order book, 4 min ago | 0.06 bp | 9.1 bp −$9 | 9.1 bp −$91 | 10.4 bp −$1,036 | doesn't fit |
| Sell Bitget live order book, 2 min ago | 7.66 bp | 28.7 bp −$29 | 31.0 bp −$310 | 35.7 bp −$3,572 | 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 | 7,666.3 | −1.299% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0031% | 1h | 7,768.8 | +0.021% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.9 | −0.017% | $152K | $229K | 20x | as long as short |
| Bitget SP500USDTshort | 0.0000% | 8h | 7,770.3 | +0.040% | $7.2M | $762K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,742.1 | −0.323% | $17.2M | $9.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.2 | −0.001% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.8 | −0.018% | $2.2M | $28.8M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.4 | +0.015% | $3.2M | $15.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.4 | −0.371% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +0.847% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
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 | 7,768.8 | +0.021% | $545K | $449K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.5 | −0.022% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,767.2 | long leg | $431.9M | $242.4M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.4 | −0.010% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.2 | 0.000% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.1 | +0.025% | $9.5M | $7.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.6 | +0.005% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0329% | 1h | 7,765.8 | −0.019% | $485 | $22K | 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