Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.009%
Price spread now: tradeXYZ against Extended−0.028%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now −0.028%, 7d avg +0.022%
=Together, before fees+0.082%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.049% cheaper against Extended than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.022%). If the spread goes back, that is −$5 on $10k: about 9.1 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,770.6 | 0.0032 | pay 0.0004% / 1h | 23m 54s | $3.2M | $14.3M | 25x |
| Short | tradeXYZ xyz:SP500 | 7,768.5 | 0.0050 | get 0.0006% / 1h | 23m 54s | $432.0M | $234.2M | 50x |
Extended SPX500m-USD
tradeXYZ xyz:SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.78
- Price spread: −0.028% → +0.022%
- −$4.93
- Slippage, 4 orders
- −$5.69
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$29.84
- Costs to cover
- 0.287%
- Break-even
- 62.3 days
Slippage from Extended: live order book, 5 min ago; tradeXYZ: 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 Extended live order book, 5 min ago | 0.97 bp | 6.7 bp −$7 | 9.6 bp −$96 | 22.2 bp −$2,219 | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.06 bp | 9.1 bp −$9 | 9.1 bp −$91 | 10.0 bp −$1,003 | 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 | 7,664.6 | −1.365% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,768.4 | −0.029% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.6 | −0.065% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770 | −0.008% | $7.2M | $773K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.2 | −0.366% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.2 | −0.031% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,767.6 | −0.039% | $2.0M | $28.5M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,770.6 | long leg | $3.2M | $14.3M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.7 | −0.411% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,835.5 | +0.835% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
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 | 7,769.6 | −0.013% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.4 | −0.042% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500short | +0.0050% | 1h | 7,768.5 | −0.028% | $432.0M | $234.2M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766 | −0.060% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768.3 | −0.030% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.5 | −0.015% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.2 | −0.032% | $261K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0332% | 1h | 7,768.1 | −0.033% | $530 | $28K | 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