Funding you earn now, next payment 05:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.078%
Price spread now: Injective against tradeXYZ−1.313%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.313% cheaper against tradeXYZ than usual: you would sell low and buy high (−$131 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,767.4 | 0.0050 | pay 0.0006% / 1h | 14m 44s | $431.5M | $236.9M | 50x |
| Short | Injective US500/USDC PERP | 7,665.4 | −0.0220 | pay 0.0028% / 1h | 14m 44s | $7K | $108 | 52x |
tradeXYZ xyz:SP500
Injective US500/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$56.7
- Price spread: −1.313% → 0.000%
- −$131.32
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$206.04
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
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, 5 min ago | 0.06 bp | 9.1 bp −$9 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.0220% | 1h | 7,665.4 | −1.313% | $7K | $108 | 52x | |
| QFEX US500-USD | −0.0030% | 1h | 7,768.8 | +0.018% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.7 | +0.017% | $141K | $230K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.6 | +0.028% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.7 | −0.331% | $17.6M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.1 | +0.009% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.2 | −0.015% | $2.1M | $28.6M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.4 | +0.013% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.4 | −0.373% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.8 | +0.854% | — | $4.3M | 50x | as long as short |
QFEX US500-USD
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 | +0.023% | $584K | $486K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.6 | −0.023% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,767.4 | long leg | $431.5M | $236.9M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,767 | −0.005% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.9 | +0.006% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.4 | +0.026% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.9 | +0.007% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0227% | 1h | 7,764.5 | −0.037% | $530 | $25K | 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