Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.004%
Price spread now: Extended against OKX+0.047%7-day average −0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days−0.623%−$62 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.047%, 7d avg −0.112%
=Together, before fees−0.793%+ Points / potential airdropExtended: Active · farm board−$79 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.159% dearer against OKX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.112%. Mind the row above: over the last 7 days funding on this pair cost −0.623%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,761.9 | 0 | get 0.0000% / 8h | 6h 57m | $137K | $235K | 20x |
| Short | Extended SPX500m-USD | 7,765.6 | 0.0032 | get 0.0004% / 1h | 57m 17s | $3.2M | $10.7M | 25x |
OKX US500-USDT-SWAP
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against OKX. 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: +0.047% → −0.112%
- $15.92
- Slippage, 4 orders
- −$34.05
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$26.4
- Costs to cover
- 0.490%
- Break-even
- 34.5 days
Slippage from OKX: live order book, 33 min ago; Extended: live order book, 2 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 OKX live order book, 33 min ago | 0.84 bp | 27.3 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 1.22 bp | 5.6 bp −$6 | 6.8 bp −$68 | 20.0 bp −$2,001 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX US500-USD | −0.0052% | 1h | 7,762.7 | +0.010% | $9.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,761.9 | long leg | $137K | $235K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,765.4 | +0.045% | $7.2M | $566K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.5 | −0.275% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,763.5 | +0.021% | $13K | $104K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,761.3 | −0.008% | $2.1M | $28.3M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,765.6 | +0.047% | $3.2M | $10.7M | 25x | |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,663.3 | −1.270% | $7K | $100 | 52x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,735 | −0.347% | $1.5M | $7.8M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.1 | +0.892% | — | $4.3M | 50x | as long as short |
QFEX US500-USD
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SP500 | +0.0047% | 1h | 7,763.6 | +0.022% | $426.3M | $242.6M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,762.1 | +0.003% | $624K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,761.9 | 0.000% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,762.2 | +0.004% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,762.9 | +0.013% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,762.7 | +0.010% | $9.5M | $8.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,764.9 | +0.038% | $259K | $172K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0251% | 1h | 7,765.7 | +0.049% | $546 | $30K | 10x | as long as short |
tradeXYZ xyz:SP500
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD