Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.004%
Price spread now: OKX against Extended+0.018%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs+$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 7 days+0.661%+$66 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.018%, 7d avg +0.117%
=Together, before fees+0.747%+ Points / potential airdropExtended: Active · farm board+$75 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.099% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.117%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.661%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,766.7 | 0.0032 | pay 0.0004% / 1h | 42m 01s | $3.2M | $14.9M | 25x |
| Short | OKX US500-USDT-SWAP | 7,768.1 | 0 | get 0.0000% / 8h | 3h 42m | $141K | $231K | 20x |
Extended SPX500m-USD
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- −$6.72
- Price spread: +0.018% → +0.117%
- −$9.89
- Slippage, 4 orders
- −$13.82
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$45.43
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; OKX: live order book, 8 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 Extended live order book, 2 min ago | 0.84 bp | 7.0 bp −$7 | 8.4 bp −$84 | 22.0 bp −$2,197 | doesn't fit |
| Sell OKX live order book, 8 min ago | 1.03 bp | 9.1 bp −$9 | 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 | 7,664.2 | −1.320% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,767.9 | +0.015% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,768.1 | +0.018% | $141K | $231K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.2 | +0.045% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.6 | −0.323% | $17.6M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.1 | −0.008% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.1 | −0.021% | $2.1M | $28.4M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,766.7 | long leg | $3.2M | $14.9M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.9 | −0.384% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832 | +0.841% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Markets by Kinetiq mkts:US500
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 | 7,768.5 | +0.023% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.4 | −0.029% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.2 | −0.007% | $431.5M | $237.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.2 | −0.019% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.3 | −0.005% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767 | +0.003% | $9.5M | $7.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767 | +0.003% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0260% | 1h | 7,764.7 | −0.026% | $510 | $25K | 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