Funding you earn now, next payment 20:00 UTC−0.0020%/8hnext payment −$0.02 per $10,000 · paid last 24h +0.004%
Price spread now: QFEX against Extended−0.016%7-day average +0.015% · 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−$28as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 3 days (all we have)−0.009%−$1 on $10k
+Price spread, last 7 days−0.071%−$7 · spread now −0.016%, 7d avg +0.015%
=Together, before fees−0.079%+ Points / potential airdropExtended: Active · farm board−$8 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 QFEX is 0.031% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,776.1 | 0.0032 | pay 0.0004% / 1h | 23m 19s | $3.2M | $15.5M | 25x |
| Short | QFEX US500-USD | 7,774.9 | 0.0012 | get 0.0002% / 1h | 23m 19s | $11.7M | $3.1M | 30x |
Extended SPX500m-USD
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$4.1
- Price spread: −0.016% → +0.015%
- −$3.09
- Slippage, 4 orders
- −$9.81
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$32
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; QFEX: live order book, 10 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, 5 min ago | 1.22 bp | 3.8 bp −$4 | 4.1 bp −$41 | 16.2 bp −$1,620 | doesn't fit |
| Sell QFEX live order book, 10 min ago | 1.93 bp | 6.9 bp −$7 | 10.7 bp −$107 | 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 | 7,670.2 | −1.362% | $7K | $103 | 52x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,770.8 | −0.069% | $154K | $301K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,776 | −0.002% | $7.2M | $795K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,747.9 | −0.363% | $17.5M | $11.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,775.2 | −0.012% | $13K | $108K | 10x | as long as short |
| QFEX US500-USDshort | +0.0012% | 1h | 7,774.9 | −0.016% | $11.7M | $3.1M | 30x | |
| Lighter US500 | +0.0032% | 1h | 7,772.9 | −0.042% | $2.7M | $27.0M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,776.1 | long leg | $3.2M | $15.5M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,840.6 | +0.829% | — | $3.6M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,775.4 | −0.009% | $545K | $221K | 20x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Vest SPX-USD-PERP
Popdex US500USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,772.9 | −0.042% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,775.2 | −0.012% | $437.9M | $260.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,773.4 | −0.035% | $7.6M | $1.5M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,774.6 | −0.020% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,776.9 | +0.010% | $9.6M | $5.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0087% | 1h | 7,748.4 | −0.357% | $1.6M | $7.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,775.1 | −0.013% | $268K | $165K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0305% | 1h | 7,770.9 | −0.067% | $498 | $17K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Markets by Kinetiq mkts:US500
Pacifica SP500
Aftermath Perps US500USD