Funding you earn now, next payment 00:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.013%
Price spread now: QFEX against Paradex+0.032%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. QFEX is 0.032% dearer against Paradex than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex US500-USD-PERP | 7,765.7 | 0.0050 | pay 0.0050% / 8h | 12m 59s | $43K | — | 5x |
| Short | QFEX US500-USD | 7,768.2 | −0.0038 | pay 0.0005% / 1h | 12m 59s | $11.8M | $3.1M | 30x |
Paradex US500-USD-PERP
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Paradex. 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
- −$18.43
- Price spread: +0.032% → 0.000%
- $3.17
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$29.26
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; QFEX: live order book, 6 min ago. Net counts fees only.
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 Paradex no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 6 min ago | 0.64 bp | 5.6 bp −$6 | 9.0 bp −$90 | doesn't fit | doesn't fit |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 7,667.5 | −1.265% | $7K | $106 | 52x | as long as short |
| QFEX US500-USDshort | −0.0038% | 1h | 7,768.2 | +0.032% | $11.8M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,771 | +0.068% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.5 | +0.061% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,744.7 | −0.271% | $17.2M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.1 | +0.018% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.8 | +0.001% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.1 | +0.043% | $3.2M | $13.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.351% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +0.866% | — | $3.5M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
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 | 7,768.7 | +0.038% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERPlong | +0.0050% | 8h | 7,765.7 | long leg | $43K | — | 5x | |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.2 | +0.019% | $437.1M | $254.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.4 | −0.004% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.2 | +0.019% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.5 | +0.022% | $9.5M | $6.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.8 | +0.026% | $258K | $195K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0130% | 1h | 7,765.9 | +0.002% | $458 | $22K | 10x | as long as short |
Popdex US500USDT
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD