Funding you earn now, next payment 07:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.010%
Price spread now: Extended against Popdex−0.004%7-day average −0.071% · 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−$8as in the Price arb table
costs, in and out, $10k−$150.152% of the position
Funding, last 4 days (all we have)−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.004%, 7d avg −0.071%
=Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.067% dearer against Popdex than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.071%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 4 days (−0.036% in total) that is about 6.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex US500USDT | 7,767.8 | 0.0048 | pay 0.0006% / 1h | 38m 40s | $625K | $527K | 20x |
| Short | Extended SPX500m-USD | 7,767.5 | 0.0032 | get 0.0004% / 1h | 38m 40s | $3.2M | $14.6M | 25x |
Popdex US500USDT
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Popdex. 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
- −$3.36
- Price spread: −0.004% → −0.071%
- $6.73
- Slippage, 4 orders
- −$3.79
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$11.82
- Costs to cover
- 0.152%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 5 min ago; Extended: live order book, 5 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 Popdex live order book, 5 min ago | 0.39 bp | 3.6 bp −$4 | 3.6 bp −$36 | 7.0 bp −$703 | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.97 bp | 4.1 bp −$4 | 7.0 bp −$70 | 19.2 bp −$1,917 | 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 | 7,667.4 | −1.293% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,767.3 | −0.006% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768 | +0.003% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.5 | +0.022% | $7.2M | $773K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.9 | −0.333% | $17.4M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.6 | −0.015% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765 | −0.036% | $2.0M | $28.5M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,767.5 | −0.004% | $3.2M | $14.6M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.377% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.3 | +0.843% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
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 US500USDTlong | +0.0048% | 1h | 7,767.8 | long leg | $625K | $527K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.4 | −0.031% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.3 | −0.019% | $430.7M | $233.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.4 | −0.018% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.9 | −0.012% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.3 | +0.007% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.7 | −0.015% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0274% | 1h | 7,768.5 | +0.009% | $517 | $27K | 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