Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.004%
Price spread now: OKX against Extended+0.008%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$570.573% of the position
Funding, last 7 days+0.658%+$66 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.008%, 7d avg +0.123%
=Together, before fees+0.742%+ Points / potential airdropExtended: Active · farm board+$74 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.115% cheaper against Extended than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.123%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.658%, 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 | Extended SPX500m-USD | 7,771.4 | 0.0032 | pay 0.0004% / 1h | 46m 03s | $3.2M | $13.7M | 25x |
| Short | OKX US500-USDT-SWAP | 7,772 | 0 | get 0.0000% / 8h | 7h 46m | $152K | $248K | 20x |
Extended SPX500m-USD
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- −$6.72
- Price spread: +0.008% → +0.123%
- −$11.46
- Slippage, 4 orders
- −$42.35
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$75.53
- Costs to cover
- 0.573%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; OKX: live order book, 24 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 Extended live order book, 3 min ago | 0.90 bp | 3.4 bp −$3 | 5.5 bp −$55 | 17.2 bp −$1,718 | doesn't fit |
| Sell OKX live order book, 24 min ago | 0.90 bp | 7.7 bp −$8 | 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 | 7,667.9 | −1.331% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0045% | 1h | 7,772.7 | +0.017% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,772 | +0.008% | $152K | $248K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.3 | +0.012% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,746.6 | −0.318% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,771 | −0.005% | $13K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,768.9 | −0.032% | $2.2M | $28.6M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,771.4 | long leg | $3.2M | $13.7M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,742.1 | −0.377% | $1.6M | $7.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,835.8 | +0.829% | — | $3.6M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
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 | 7,773 | +0.021% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,768.8 | −0.032% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,770.8 | −0.007% | $436.4M | $246.8M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,768.6 | −0.036% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,770.2 | −0.015% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,771.6 | +0.002% | $9.5M | $7.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,771.1 | −0.004% | $258K | $175K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0160% | 1h | 7,767.5 | −0.050% | $459 | $21K | 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