Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.010%
Price spread now: Extended against Popdex−0.001%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Funding, last 3 days (all we have)−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.001%, 7d avg −0.076%
=Together, before fees−0.040%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.075% dearer against Popdex than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.076%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 3 days (−0.034% in total) that is about 7.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex US500USDT | 7,768.7 | 0.0048 | pay 0.0006% / 1h | 13m 18s | $545K | $440K | 20x |
| Short | Extended SPX500m-USD | 7,768.6 | 0.0032 | get 0.0004% / 1h | 13m 18s | $3.2M | $13.5M | 25x |
Popdex US500USDT
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Popdex. 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
- −$3.36
- Price spread: −0.001% → −0.076%
- $7.5
- Slippage, 4 orders
- −$5.77
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$13.03
- Costs to cover
- 0.172%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 1 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 Popdex live order book, 1 min ago | 0.51 bp | 3.7 bp −$4 | 3.8 bp −$38 | 8.0 bp −$798 | 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 | −1.303% | $7K | $106 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,768.2 | −0.006% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,771 | +0.030% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.2 | +0.019% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,744.7 | −0.309% | $17.2M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.1 | −0.020% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.8 | −0.037% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,768.6 | −0.001% | $3.2M | $13.5M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.389% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +0.828% | — | $3.5M | 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 US500USDTlong | +0.0048% | 1h | 7,768.7 | long leg | $545K | $440K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.7 | −0.038% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.2 | −0.019% | $437.1M | $254.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.4 | −0.042% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.2 | −0.019% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.5 | −0.016% | $9.5M | $6.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.8 | −0.012% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0130% | 1h | 7,765.9 | −0.036% | $458 | $22K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD