Funding you earn now, next payment 12:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.005%
Price spread now: OKX against QFEX+0.013%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 4 days (all we have)+0.372%+$37 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now +0.013%, 7d avg +0.071%
=Funding pays, the price is against you. OKX is 0.058% cheaper against QFEX than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.071%). If the spread goes back, that is −$6 on $10k: about 4.9 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.372% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US500-USD | 7,767 | −0.0039 | get 0.0005% / 1h | 49m 08s | $10.0M | $3.5M | 30x |
| Short | OKX US500-USDT-SWAP | 7,768 | 0 | get 0.0000% / 8h | 4h 49m | $135K | $249K | 20x |
QFEX US500-USD
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against QFEX. 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
- $8.22
- Price spread: +0.013% → +0.071%
- −$5.79
- Slippage, 4 orders
- −$11.01
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$28.58
- Costs to cover
- 0.310%
- Break-even
- 31.4 days
Slippage from QFEX: live order book, 8 min ago; OKX: live order book, 54 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 QFEX live order book, 8 min ago | 1.09 bp | 7.5 bp −$8 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell OKX live order book, 54 min ago | 0.77 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
SP500 on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX US500-USDlong | −0.0039% | 1h | 7,767 | long leg | $10.0M | $3.5M | 30x | |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,768 | +0.013% | $135K | $249K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,763.4 | −0.046% | $7.2M | $419K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,745.4 | −0.278% | $17.6M | $6.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.4 | +0.005% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,763.8 | −0.041% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,765.6 | −0.018% | $3.3M | $10.0M | 25x | as long as short |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,658 | −1.403% | $7K | $92 | 52x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.1 | −0.385% | $1.4M | $8.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.6 | +0.858% | — | $4.3M | 50x | as long as short |
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Injective US500/USDC PERP
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,767.5 | +0.006% | $624K | $513K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.2 | −0.037% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.7 | −0.017% | $431.1M | $245.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.8 | −0.028% | $9.2M | $5.4M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,764.7 | −0.030% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,765.8 | −0.016% | $9.5M | $9.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.5 | −0.007% | $259K | $175K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0314% | 1h | 7,766.6 | −0.005% | $568 | $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