SP500

Alert

Funding spread now, next payment 19:00 UTC+0.0042%/8h

paid, last 24h+0.013%paid, last 3 days+0.046%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US500-USD	7,774.4	0.0008	pay 0.0001% / 1h	3m 07s	$11.7M	$3.1M	30x
Short	Paradex US500-USD-PERP	7,771.4	0.0050	get 0.0050% / 8h	5h 03m	$43K	—	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee ParadexbpOrdersRate

Funding earned: $8.8
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.2
Break-even: 11.1 days

Slippage unknown: QFEX: live order book, 7 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.039%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	1.48 bp	7.4 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective US500/USDC PERP	−0.0220%	1h	$6K	$104	52x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	$153K	$299K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	$7.2M	$732K	50x	as long as short
Variational Omni US500	0.0000%	8h	$17.6M	$11.3M	—	as long as short
Bullet US500-USD	0.0000%	1h	$14K	$108K	10x	as long as short
QFEX US500-USDlong	+0.0008%	1h	$11.7M	$3.1M	30x
Lighter US500	+0.0032%	1h	$2.8M	$26.5M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	$3.2M	$15.1M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	$1.4M	$7.9M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	—	$3.6M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex US500USDT	+0.0048%	1h	$545K	$220K	20x	as long as short
Paradex US500-USD-PERPshort	+0.0050%	8h	$43K	—	5x
tradeXYZ xyz:SP500	+0.0050%	1h	$438.1M	$258.0M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	$7.6M	$1.5M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	$1.1M	$85K	20x	as long as short
Ondo Perps US500-USD.P	+0.0050%	1h	$9.6M	$5.9M	25x	as long as short
Pacifica SP500	+0.0100%	1h	$267K	$164K	20x	as long as short
Aftermath Perps US500USD	+0.0317%	1h	$500	$17K	10x	as long as short