Funding you earn now, next payment 12:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.010%
Price spread now: SoDEX against Extended0.000%7-day average +0.042% · 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−$50as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 4 days (all we have)+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now 0.000%, 7d avg +0.042%
=Together, before fees+0.054%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.042% cheaper against Extended than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.042%). If the spread goes back, that is −$4 on $10k: about 7.8 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 | Extended SPX500m-USD | 7,769 | 0.0032 | pay 0.0004% / 1h | 53m 39s | $3.3M | $10.0M | 25x |
| Short | SoDEX US500-USD | 7,769 | 0.0050 | get 0.0006% / 1h | 53m 39s | $1.4M | $191K | 20x |
Extended SPX500m-USD
SoDEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $3.78
- Price spread: 0.000% → +0.042%
- −$4.2
- Slippage, 4 orders
- −$32.41
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$45.84
- Costs to cover
- 0.454%
- Break-even
- 91.9 days
Slippage from Extended: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago | 0.06 bp | 2.6 bp −$3 | 5.7 bp −$57 | 19.9 bp −$1,991 | doesn't fit |
| Sell SoDEX live order book, 3 min ago | 0.06 bp | 18.2 bp −$18 | 49.3 bp −$493 | doesn't fit | doesn't fit |
SP500 on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX US500-USD | −0.0039% | 1h | 7,768.5 | −0.007% | $9.9M | $3.4M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.7 | +0.009% | $134K | $247K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,764.1 | −0.063% | $7.2M | $419K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.1 | −0.334% | $17.5M | $6.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,769.8 | +0.011% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.4 | −0.034% | $2.1M | $28.4M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,769 | long leg | $3.3M | $10.0M | 25x | |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,658 | −1.429% | $7K | $92 | 52x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,741.7 | −0.352% | $1.5M | $8.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,836.9 | +0.873% | — | $4.3M | 50x | as long as short |
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Injective US500/USDC PERP
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,771 | +0.025% | $624K | $513K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.6 | −0.032% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.3 | −0.009% | $433.4M | $240.1M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,767.8 | −0.016% | $9.2M | $5.3M | 50x | as long as short |
| SoDEX US500-USDshort | +0.0050% | 1h | 7,769 | 0.000% | $1.4M | $191K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.6 | −0.005% | $9.5M | $8.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.9 | −0.002% | $259K | $175K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0314% | 1h | 7,768.8 | −0.003% | $529 | $28K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD