SP500

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.014%

Price spread now: Ondo Perps against QFEX+0.015%7-day average +0.009% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.015%, 7d avg +0.009%

Together, before fees+0.025%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US500-USD	7,764.2	−0.0031	get 0.0004% / 1h	36m 50s	$11.9M	$3.2M	30x
Short	Ondo Perps US500-USD.P	7,765.4	0.0050	get 0.0006% / 1h	36m 50s	$9.5M	$7.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee Ondo PerpsbpOrdersPrice spread, now +0.015%Rate

Funding earned: $17
Price spread: +0.015% → +0.009%: $0.65
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $2.66
Costs to cover: 0.150%
Break-even: 5.9 days

Slippage unknown: QFEX: live order book, 7 min ago; Ondo Perps: no order-book sample. 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 QFEX live order book, 7 min ago	0.84 bp	5.8 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 PERP	−0.0220%	1h	7,664.3	−1.287%	$7K	$106	52x	as long as short
QFEX US500-USDlong	−0.0031%	1h	7,764.2	long leg	$11.9M	$3.2M	30x
OKX US500-USDT-SWAP	0.0000%	8h	7,766.2	+0.026%	$152K	$234K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	7,772.4	+0.106%	$7.2M	$754K	50x	as long as short
Variational Omni US500	0.0000%	8h	7,740.6	−0.305%	$17.2M	$8.8M	—	as long as short
Bullet US500-USD	0.0000%	1h	7,764	−0.002%	$12K	$108K	10x	as long as short
Lighter US500	+0.0032%	1h	7,762.5	−0.022%	$2.2M	$28.5M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	7,765.1	+0.011%	$3.2M	$15.8M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	7,736.9	−0.352%	$1.6M	$7.0M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	7,829.9	+0.846%	—	$4.1M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex US500USDT	+0.0048%	1h	7,763.2	−0.013%	$544K	$439K	20x	as long as short
Paradex US500-USD-PERP	+0.0050%	8h	7,763	−0.015%	$43K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	7,764.1	−0.001%	$432.9M	$241.1M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	7,763	−0.015%	$9.0M	$2.3M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	7,763.9	−0.004%	$1.1M	$85K	20x	as long as short
Ondo Perps US500-USD.Pshort	+0.0050%	1h	7,765.4	+0.015%	$9.5M	$7.2M	25x
Pacifica SP500	+0.0100%	1h	7,766.3	+0.027%	$261K	$178K	20x	as long as short
Aftermath Perps US500USD	+0.0321%	1h	7,765.7	+0.019%	$564	$22K	10x	as long as short