Funding you earn now, next payment 03:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.022%
Price spread now: Extended against Markets by Kinetiq+0.373%7-day average +0.209% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 7 days−0.147%−$15 · spread now +0.373%, 7d avg +0.209%
=Together, before fees−0.292%+ Points / potential airdropExtended: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.165% dearer against Markets by Kinetiq than usual: you sell high and buy low (spread +0.373% now, against its 7-day average of +0.209%): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 40 days. At the pace of the last 7 days (−0.145% in total) that is about 8.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,739.2 | 0.0046 | pay 0.0006% / 1h | 1m 03s | $1.6M | $7.0M | 25x |
| Short | Extended SPX500m-USD | 7,768.1 | 0.0032 | get 0.0004% / 1h | 1m 03s | $3.2M | $15.5M | 25x |
Markets by Kinetiq mkts:US500
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Markets by Kinetiq. 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
- −$2.87
- Price spread: +0.373% → +0.209%
- $16.46
- Slippage, 4 orders
- −$7.53
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$0.56
- Costs to cover
- 0.142%
- Break-even
- from the start
Slippage from Markets by Kinetiq: live order book, 6 min ago; Extended: live order book, 3 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 Markets by Kinetiq live order book, 6 min ago | 0.06 bp | 1.1 bp −$1 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 1.03 bp | 5.8 bp −$6 | 8.1 bp −$81 | 22.8 bp −$2,276 | 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 | 7,667.4 | −0.928% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,769.1 | +0.386% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,767 | +0.359% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.9 | +0.410% | $7.2M | $774K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.8 | +0.046% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.5 | +0.366% | $13K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.2 | +0.349% | $2.2M | $28.4M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,768.1 | +0.373% | $3.2M | $15.5M | 25x | |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,739.2 | long leg | $1.6M | $7.0M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +1.212% | — | $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
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 | 7,768.3 | +0.376% | $583K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.6 | +0.341% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.7 | +0.368% | $431.6M | $240.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.7 | +0.342% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.7 | +0.368% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.5 | +0.379% | $9.5M | $7.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.1 | +0.374% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0231% | 1h | 7,764.9 | +0.332% | $577 | $24K | 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