Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: QFEX against Bullet+0.001%7-day average −0.004% · 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−$27as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.001%, 7d avg −0.004%
=The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet US500-USD | 7,766.7 | 0 | get 0.0000% / 1h | 3m 52s | $13K | $105K | 10x |
| Short | QFEX US500-USD | 7,766.8 | −0.0030 | pay 0.0004% / 1h | 3m 52s | $11.9M | $3.2M | 30x |
Bullet US500-USD
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bullet. 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
- −$6.32
- Price spread: +0.001% → −0.004%
- $0.47
- Slippage, 4 orders
- −$9.7
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$33.54
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 50 min ago; QFEX: live order book, 5 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 Bullet live order book, 50 min ago | 0.50 bp | 6.3 bp −$6 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.93 bp | 6.9 bp −$7 | 11.3 bp −$113 | 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 | 7,665.4 | −1.304% | $7K | $108 | 52x | as long as short |
| QFEX US500-USDshort | −0.0030% | 1h | 7,766.8 | +0.001% | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.8 | +0.027% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,768.8 | +0.027% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.5 | −0.337% | $17.6M | $9.5M | — | as long as short |
| Bullet US500-USDlong | 0.0000% | 1h | 7,766.7 | long leg | $13K | $105K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,765.5 | −0.016% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.4 | +0.009% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.3 | −0.366% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.8 | +0.850% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
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 | 7,768.2 | +0.019% | $584K | $486K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.8 | −0.025% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767 | +0.004% | $431.5M | $236.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | −0.012% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.8 | +0.001% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.5 | +0.010% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.8 | +0.001% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0222% | 1h | 7,764.9 | −0.023% | $596 | $25K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD