Funding you earn now, next payment 02:00 UTC−0.0031%/8h= −3.3% APRpaid last 24h +0.001%
Price spread now: QFEX against OKX−0.012%7-day average −0.078% · 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−$61as in the Price arb table
costs, in and out, $10k−$680.678% of the position
Funding, last 3 days (all we have)−0.368%−$37 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.012%, 7d avg −0.078%
=The price spread pays, funding is against you. QFEX is 0.066% dearer against OKX than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.078%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.3 days. At the pace of the last 3 days (−0.368% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,766.2 | 0 | get 0.0000% / 8h | 6h 35m | $152K | $234K | 20x |
| Short | QFEX US500-USD | 7,765.3 | −0.0031 | pay 0.0004% / 1h | 35m 04s | $11.9M | $3.2M | 30x |
OKX US500-USDT-SWAP
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$6.42
- Price spread: −0.012% → −0.078%
- $6.65
- Slippage, 4 orders
- −$47.83
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$67.59
- Costs to cover
- 0.678%
- Break-even
- never at this rate
Slippage from OKX: live order book, 30 min ago; QFEX: live order book, 4 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, 30 min ago | 0.64 bp | 44.0 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.00 bp | 7.2 bp −$7 | 10.9 bp −$109 | 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 | 7,664.3 | −1.312% | $7K | $106 | 52x | as long as short |
| QFEX US500-USDshort | −0.0031% | 1h | 7,765.3 | −0.012% | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,766.2 | long leg | $152K | $234K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.2 | +0.077% | $7.2M | $754K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.2 | −0.335% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.1 | −0.014% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,763.8 | −0.031% | $2.2M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.1 | −0.001% | $3.2M | $15.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.1 | −0.375% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.1 | +0.836% | — | $4.1M | 50x | as long as short |
Injective US500/USDC PERP
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 US500USDT | +0.0048% | 1h | 7,766.8 | +0.008% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.5 | −0.035% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,764.9 | −0.017% | $432.9M | $241.2M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.2 | −0.026% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,764.9 | −0.017% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766 | −0.002% | $9.5M | $7.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.7 | +0.006% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0330% | 1h | 7,765.7 | −0.007% | $458 | $22K | 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