Funding you earn now, next payment 21:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Injective against Bitget−1.333%71s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 1.333% cheaper against Bitget than usual: you would sell low and buy high (−$133 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment. 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 | Bitget SP500USDT | 7,765.1 | 0 | get 0.0000% / 8h | 3h 32m | $7.2M | $806K | 50x |
| Short | Injective US500/USDC PERP | 7,661.6 | −0.0220 | pay 0.0028% / 1h | 32m 09s | $7K | $103 | 52x |
Bitget SP500USDT
Injective US500/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- −$46.2
- Price spread: −1.333% → 0.000%
- −$133.29
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$191.51
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 6.83 bp | 30.0 bp −$30 | 39.1 bp −$391 | 42.3 bp −$4,225 | 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 | 7,661.6 | −1.333% | $7K | $103 | 52x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,759 | −0.079% | $153K | $300K | 20x | as long as short |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,765.1 | long leg | $7.2M | $806K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,736.9 | −0.364% | $17.5M | $11.1M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,761.6 | −0.045% | $14K | $109K | 10x | as long as short |
| QFEX US500-USD | +0.0010% | 1h | 7,761.5 | −0.046% | $11.7M | $3.1M | 30x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,759.7 | −0.070% | $2.6M | $27.6M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,762.4 | −0.034% | $3.2M | $16.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,826.8 | +0.794% | — | $3.6M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,762.3 | −0.036% | $428K | $338K | 20x | as long as short |
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
QFEX US500-USD
Lighter US500
Extended SPX500m-USD
Vest SPX-USD-PERP
Popdex US500USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,759.1 | −0.078% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,762 | −0.040% | $434.2M | $270.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,759.4 | −0.073% | $7.6M | $1.5M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,761.7 | −0.044% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,761.6 | −0.046% | $9.5M | $6.3M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0054% | 1h | 7,734.2 | −0.398% | $1.6M | $7.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,762.4 | −0.035% | $267K | $165K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0419% | 1h | 7,759.5 | −0.072% | $458 | $19K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Markets by Kinetiq mkts:US500
Pacifica SP500
Aftermath Perps US500USD