Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: OKX against Popdex−0.005%7-day average +0.048% · 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−$560.557% of the position
Funding, last 3 days (all we have)+0.322%+$32 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.005%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.053% cheaper against Popdex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.048%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.322%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex US500USDT | 7,772.4 | 0.0048 | pay 0.0006% / 1h | 45m 01s | $545K | $440K | 20x |
| Short | OKX US500-USDT-SWAP | 7,772 | 0 | get 0.0000% / 8h | 7h 45m | $152K | $248K | 20x |
Popdex US500USDT
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.08
- Price spread: −0.005% → +0.048%
- −$5.33
- Slippage, 4 orders
- −$39.25
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$71.06
- Costs to cover
- 0.557%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 29 min ago; OKX: live order book, 25 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, 29 min ago | 0.51 bp | 3.7 bp −$4 | 3.8 bp −$38 | 8.0 bp −$798 | doesn't fit |
| Sell OKX live order book, 25 min ago | 0.90 bp | 7.7 bp −$8 | doesn't fit | 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 | 7,667.9 | −1.345% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0045% | 1h | 7,771.2 | −0.015% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,772 | −0.005% | $152K | $248K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.3 | −0.001% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,746.6 | −0.331% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,771.2 | −0.016% | $13K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,769 | −0.044% | $2.2M | $28.6M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,771.2 | −0.016% | $3.2M | $13.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,741.9 | −0.392% | $1.6M | $7.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,835.8 | +0.815% | — | $3.6M | 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 US500USDTlong | +0.0048% | 1h | 7,772.4 | long leg | $545K | $440K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,768.6 | −0.048% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,770.8 | −0.021% | $436.4M | $247.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,769 | −0.044% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,770.5 | −0.024% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,770.2 | −0.028% | $9.5M | $7.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,770.9 | −0.019% | $258K | $175K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0161% | 1h | 7,768 | −0.057% | $459 | $21K | 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