Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%
Price spread now: OKX against tradeXYZ−0.004%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs+$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days+0.610%+$61 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.004%, 7d avg +0.075%
=Together, before fees+0.732%+ Points / potential airdroptradeXYZ: Active · farm board+$73 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 OKX is 0.079% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.075%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.610%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,765.6 | 0.0050 | pay 0.0006% / 1h | 11m 42s | $431.7M | $239.4M | 50x |
| Short | OKX US500-USDT-SWAP | 7,765.3 | 0 | get 0.0000% / 8h | 4h 11m | $151K | $224K | 20x |
tradeXYZ xyz:SP500
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.004% → +0.075%
- −$7.92
- Slippage, 4 orders
- −$6.18
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$52.59
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; OKX: live order book, 43 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, 7 min ago | 0.06 bp | 9.1 bp −$9 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell OKX live order book, 43 min ago | 0.84 bp | 7.4 bp −$7 | 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 | 7,665.2 | −1.293% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0029% | 1h | 7,766.3 | +0.009% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,765.3 | −0.004% | $151K | $224K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.3 | +0.073% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.9 | −0.305% | $17.5M | $9.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.7 | +0.001% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764.2 | −0.018% | $2.2M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.5 | +0.011% | $3.2M | $15.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.9 | −0.357% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831 | +0.842% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
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 | 7,767.8 | +0.028% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.6 | −0.026% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,765.6 | long leg | $431.7M | $239.4M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.2 | −0.018% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.4 | −0.003% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.7 | +0.014% | $9.5M | $7.6M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.6 | +0.012% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0223% | 1h | 7,764.9 | −0.009% | $526 | $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