Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.026%
Price spread now: Markets by Kinetiq against Bullet−0.365%7-day average −0.300% · 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−$21as in the Price arb table
costs, in and out, $10k−$150.148% of the position
Funding, last 3 days (all we have)+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.365%, 7d avg −0.300%
=Funding pays, the price is against you. Markets by Kinetiq is 0.065% cheaper against Bullet than usual: you would sell low and buy high (spread −0.365% now, against its 7-day average of −0.300%). If the spread goes back, that is −$6 on $10k: about 4.7 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet US500-USD | 7,767.6 | 0 | get 0.0000% / 1h | 0m 25s | $13K | $107K | 10x |
| Short | Markets by Kinetiq mkts:US500 | 7,739.2 | 0.0046 | get 0.0006% / 1h | 0m 25s | $1.6M | $7.0M | 25x |
Bullet US500-USD
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq against Bullet. 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
- $9.59
- Price spread: −0.365% → −0.300%
- −$6.49
- Slippage, 4 orders
- −$5.13
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$11.66
- Costs to cover
- 0.148%
- Break-even
- 15.5 days
Slippage from Bullet: live order book, 63 min ago; Markets by Kinetiq: live order book, 7 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 Bullet live order book, 63 min ago | 0.50 bp | 6.3 bp −$6 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Markets by Kinetiq live order book, 7 min ago | 0.06 bp | 1.1 bp −$1 | doesn't fit | doesn't fit | 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 | 7,667.4 | −1.289% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,769.1 | +0.020% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,767 | −0.007% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.3 | +0.048% | $7.2M | $774K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.8 | −0.319% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USDlong | 0.0000% | 1h | 7,767.6 | long leg | $13K | $107K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,766 | −0.020% | $2.2M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.9 | +0.005% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,739.2 | −0.365% | $1.6M | $7.0M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.8 | +0.839% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Lighter US500
Extended SPX500m-USD
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,768.1 | +0.007% | $583K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.3 | −0.029% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.6 | +0.001% | $431.6M | $240.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | −0.023% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.7 | +0.002% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.7 | +0.014% | $9.5M | $7.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768 | +0.005% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0229% | 1h | 7,764.8 | −0.035% | $577 | $24K | 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