Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.026%
Price spread now: Extended against OKX−0.025%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$560.561% of the position
Funding, last 7 days−0.743%−$74 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.025%, 7d avg −0.124%
=Together, before fees−0.820%+ Points / potential airdropExtended: Active · farm board−$82 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.099% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.124%. Mind the row above: over the last 7 days funding on this pair cost −0.743%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,771 | 0 | get 0.0000% / 8h | 12m 53s | $153K | $252K | 20x |
| Short | Extended SPX500m-USD | 7,769.1 | 0.0032 | get 0.0004% / 1h | 12m 53s | $3.2M | $13.5M | 25x |
OKX US500-USDT-SWAP
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against OKX. 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: −0.025% → −0.124%
- $9.94
- Slippage, 4 orders
- −$41.13
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$39.46
- Costs to cover
- 0.561%
- Break-even
- 48.1 days
Slippage from OKX: live order book, 62 min ago; Extended: 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 OKX live order book, 62 min ago | 0.06 bp | 40.3 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 1.16 bp | 3.7 bp −$4 | 6.0 bp −$60 | 20.2 bp −$2,019 | 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 | 7,667.5 | −1.332% | $7K | $106 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,768.2 | −0.036% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,771 | long leg | $153K | $252K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.5 | −0.006% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,744.7 | −0.338% | $17.2M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.1 | −0.050% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.8 | −0.067% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,769.1 | −0.025% | $3.2M | $13.5M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.418% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +0.798% | — | $3.5M | 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 | 7,768.7 | −0.030% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.7 | −0.068% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.2 | −0.049% | $437.1M | $254.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.4 | −0.072% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.2 | −0.049% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.5 | −0.045% | $9.5M | $6.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.8 | −0.042% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0130% | 1h | 7,765.9 | −0.066% | $458 | $22K | 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