Funding you earn now, next payment 10:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.009%
Price spread now: Extended against tradeXYZ+0.024%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 7 days−0.001%$0 · spread now +0.024%, 7d avg −0.022%
=Together, before fees−0.063%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.046% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.022%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.061% in total) that is about 5.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,764 | 0.0043 | pay 0.0005% / 1h | 56m 34s | $426.3M | $243.4M | 50x |
| Short | Extended SPX500m-USD | 7,765.9 | 0.0032 | get 0.0004% / 1h | 56m 34s | $3.2M | $10.7M | 25x |
tradeXYZ xyz:SP500
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$2.27
- Price spread: +0.024% → −0.022%
- $4.57
- Slippage, 4 orders
- −$5.22
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$25.93
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Extended: 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 | 0.26 bp | 9.3 bp −$9 | 9.4 bp −$94 | 10.5 bp −$1,045 | doesn't fit |
| Sell Extended live order book, 2 min ago | 1.22 bp | 5.6 bp −$6 | 6.8 bp −$68 | 20.0 bp −$2,001 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX US500-USD | −0.0052% | 1h | 7,764.1 | +0.001% | $9.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,761.9 | −0.027% | $137K | $235K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,765.4 | +0.018% | $7.2M | $566K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.5 | −0.302% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,763.5 | −0.006% | $13K | $104K | 10x | as long as short |
| Lighter US500 | +0.0024% | 1h | 7,762.4 | −0.021% | $2.1M | $28.4M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,765.9 | +0.024% | $3.2M | $10.7M | 25x | |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,663.3 | −1.297% | $7K | $100 | 52x | as long as short |
| tradeXYZ xyz:SP500long | +0.0043% | 1h | 7,764 | long leg | $426.3M | $243.4M | 50x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.8 | −0.350% | $1.5M | $7.8M | 25x | as long as short |
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Injective US500/USDC PERP
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.1 | +0.865% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,765.4 | +0.018% | $624K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.6 | −0.005% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,762.2 | −0.023% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,763.9 | −0.001% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,764.9 | +0.012% | $9.5M | $8.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.1 | +0.027% | $259K | $172K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0251% | 1h | 7,765.7 | +0.022% | $546 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD