Funding you earn now, next payment 00:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.008%
Price spread now: QFEX against tradeXYZ+0.013%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 3 days (all we have)−0.030%−$3 on $10k
+Price spread, last 7 days+0.004%$0 · spread now +0.013%, 7d avg 0.000%
=Together, before fees−0.026%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| 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 | 12m 58s | $437.1M | $254.4M | 50x |
| Short | QFEX US500-USD | 7,768.2 | −0.0038 | pay 0.0005% / 1h | 12m 58s | $11.8M | $3.1M | 30x |
tradeXYZ xyz:SP500
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$18.43
- Price spread: +0.013% → 0.000%
- $1.25
- Slippage, 4 orders
- −$2.14
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$47.32
- Costs to cover
- 0.301%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; QFEX: live order book, 6 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 | 9.1 bp −$91 | 9.7 bp −$969 | doesn't fit |
| Sell QFEX live order book, 6 min ago | 0.64 bp | 5.6 bp −$6 | 9.0 bp −$90 | 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 | 7,667.5 | −1.284% | $7K | $106 | 52x | as long as short |
| QFEX US500-USDshort | −0.0038% | 1h | 7,768.2 | +0.013% | $11.8M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,771 | +0.049% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.5 | +0.042% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,744.7 | −0.289% | $17.2M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.1 | −0.001% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.8 | −0.018% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.1 | +0.024% | $3.2M | $13.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.370% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +0.847% | — | $3.5M | 50x | as long as short |
Injective US500/USDC PERP
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 | 7,768.7 | +0.019% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.7 | −0.019% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,767.2 | long leg | $437.1M | $254.4M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.4 | −0.023% | $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 | 7,767.5 | +0.004% | $9.5M | $6.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.8 | +0.007% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0130% | 1h | 7,765.9 | −0.017% | $458 | $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