Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.015%
Price spread now: Markets by Kinetiq against tradeXYZ−0.359%7-day average −0.227% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 7 days+0.231%+$23 · spread now −0.359%, 7d avg −0.227%
=Together, before fees+0.328%+ Points / potential airdroptradeXYZ: Active · farm board+$33 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Markets by Kinetiq is 0.132% cheaper against tradeXYZ than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.227%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,767.1 | 0.0050 | pay 0.0006% / 1h | 59m 22s | $431.6M | $240.5M | 50x |
| Short | Markets by Kinetiq mkts:US500 | 7,739.2 | 0.0046 | get 0.0006% / 1h | 59m 22s | $1.6M | $6.9M | 25x |
tradeXYZ xyz:SP500
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq 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
- −$0.91
- Price spread: −0.359% → −0.227%
- −$13.19
- Slippage, 4 orders
- −$1.17
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$34.89
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Markets by Kinetiq: live order book, 8 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, 11 min ago | 0.06 bp | 9.1 bp −$9 | 9.2 bp −$92 | 10.2 bp −$1,017 | doesn't fit |
| Sell Markets by Kinetiq live order book, 8 min ago | 0.06 bp | 1.1 bp −$1 | doesn't fit | 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 | 7,667.4 | −1.284% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,769.1 | +0.026% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,767 | −0.001% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.9 | +0.049% | $7.2M | $774K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.8 | −0.313% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.2 | +0.002% | $13K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.8 | −0.017% | $2.2M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.1 | 0.000% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,739.2 | −0.359% | $1.6M | $6.9M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.3 | +0.839% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
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 | 7,768.1 | +0.013% | $583K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765 | −0.027% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,767.1 | long leg | $431.6M | $240.5M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765 | −0.027% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.7 | −0.005% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.4 | +0.029% | $9.5M | $7.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768 | +0.011% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0227% | 1h | 7,764.9 | −0.028% | $609 | $24K | 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