Funding you earn now, next payment 08:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.064%
Price spread now: QFEX against Injective+1.315%105s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and QFEX is 1.315% dearer against Injective than usual: you sell high and buy low: +$131 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective US500/USDC PERP | 7,666.5 | −0.0220 | get 0.0028% / 1h | 47m 31s | $7K | $105 | 52x |
| Short | QFEX US500-USD | 7,767.3 | −0.0043 | pay 0.0005% / 1h | 47m 31s | $11.9M | $2.2M | 30x |
Injective US500/USDC PERP
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Injective. 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
- $37.26
- Price spread: +1.315% → 0.000%
- $131.48
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $158.72
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; QFEX: live order book, 7 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 7 min ago | 1.16 bp | 8.8 bp −$9 | 13.3 bp −$133 | doesn't fit | doesn't fit |
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 PERPlong | −0.0220% | 1h | 7,666.5 | long leg | $7K | $105 | 52x | |
| QFEX US500-USDshort | −0.0043% | 1h | 7,767.3 | +1.315% | $11.9M | $2.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | +1.303% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,768.8 | +1.334% | $7.2M | $767K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.8 | +0.983% | $17.5M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.2 | +1.314% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.3 | +1.302% | $1.9M | $27.8M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.4 | +1.342% | $3.2M | $12.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.8 | +0.943% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,834 | +2.185% | — | $4.3M | 50x | as long as short |
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 | 7,769.1 | +1.338% | $625K | $529K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.9 | +1.310% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767 | +1.311% | $436.9M | $236.1M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.4 | +1.290% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.1 | +1.312% | $1.2M | $111K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768 | +1.324% | $9.5M | $8.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.7 | +1.333% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0327% | 1h | 7,767.3 | +1.315% | $534 | $28K | 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