data as of
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Funding arb /

SP500

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 19:00 UTC+0.0040%/8h
next payment, per $10,000+$0.05paid, last 24h+0.012%paid, last 3 days+0.042%to open and close $10k−$21
Long on QFEXShort on Popdex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX US500-USD7,774.60.0008pay 0.0001% / 1h5m 22s$11.7M$3.1M30x
ShortPopdex US500USDT7,7750.0048get 0.0006% / 1h5m 22s$545K$220K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$8.38
Slippage, 4 orders
−$4.95
Fee QFEX: 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$12.97
Break-even
17.8 days
Slippage from QFEX: live order book, 5 min ago; Popdex: live order book, 30 min ago.

Price risk

price view
Price gap now
+0.005%
Avg gap 7d
+0.034%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 5 min ago1.48 bp7.4 bp −$710.5 bp −$105doesn't fitdoesn't fit
Sell Popdex live order book, 30 min ago0.45 bp3.7 bp −$43.7 bp −$376.8 bp −$684doesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$10452xas long as short
OKX US500-USDT-SWAP0.0000%8h$153K$299K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$732K50xas long as short
Variational Omni US5000.0000%8h$17.6M$11.3M—as long as short
Bullet US500-USD0.0000%1h$14K$109K10xas long as short
QFEX US500-USDlong+0.0008%1h$11.7M$3.1M30x
Lighter US500+0.0032%1h$2.8M$26.5M50xas long as short
Extended SPX500m-USD+0.0032%1h$3.2M$15.3M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.4M$7.9M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.6M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Popdex US500USDTshort+0.0048%1h$545K$220K20x
Paradex US500-USD-PERP+0.0050%8h$43K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$438.2M$257.8M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.5M50xas long as short
SoDEX US500-USD+0.0050%1h$1.1M$85K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$5.8M25xas long as short
Pacifica SP500+0.0100%1h$267K$164K20xas long as short
Aftermath Perps US500USD+0.0310%1h$499$17K10xas long as short