Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Popdex against OKX−0.035%53s7-day average −0.045% · 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—prices read too far apart to compare
costs, in and out, $10k−$260.258% of the position
Funding, last 4 days (all we have)−0.319%−$32 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.035%, 7d avg −0.045%
=The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.319%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,769.9 | 0 | get 0.0000% / 8h | 3h 40m | $141K | $231K | 20x |
| Short | Popdex US500USDT | 7,767.2 | 0.0048 | get 0.0006% / 1h | 40m 38s | $584K | $487K | 20x |
OKX US500-USDT-SWAP
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $10.08
- Price spread: −0.035% → −0.045%
- $1
- Slippage, 4 orders
- −$9.36
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$14.68
- Costs to cover
- 0.258%
- Break-even
- 17.2 days
Slippage from OKX: live order book, 9 min ago; Popdex: live order book, 13 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, 9 min ago | 1.03 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 13 min ago | 0.45 bp | 3.7 bp −$4 | 3.7 bp −$37 | 5.9 bp −$591 | 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 | −1.360% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,765.6 | −0.055% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,769.9 | long leg | $141K | $231K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.2 | +0.004% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.4 | −0.380% | $17.5M | $9.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.9 | −0.051% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764.4 | −0.071% | $2.1M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.4 | −0.045% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.4 | −0.431% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.5 | +0.793% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
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 US500USDTshort | +0.0048% | 1h | 7,767.2 | −0.035% | $584K | $487K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.1 | −0.075% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.8 | −0.053% | $431.5M | $237.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.6 | −0.068% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.5 | −0.057% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766 | −0.050% | $9.5M | $7.7M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.5 | −0.043% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0260% | 1h | 7,764.9 | −0.065% | $510 | $25K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD