Funding you earn now, next payment 07:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h +0.001%
Price spread now: Bitget against QFEX+0.015%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$550.552% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now +0.015%, 7d avg +0.060%
=Funding pays, the price is against you. Bitget is 0.045% cheaper against QFEX than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.060%). If the spread goes back, that is −$4 on $10k: about 3.9 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US500-USD | 7,768.8 | −0.0039 | get 0.0005% / 1h | 18m 21s | $11.9M | $2.2M | 30x |
| Short | Bitget SP500USDT | 7,770 | 0 | get 0.0000% / 8h | 1h 18m | $7.2M | $771K | 50x |
QFEX US500-USD
Bitget SP500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against QFEX. 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
- $8.11
- Price spread: +0.015% → +0.060%
- −$4.5
- Slippage, 4 orders
- −$33.22
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$51.61
- Costs to cover
- 0.552%
- Break-even
- 51.5 days
Slippage from QFEX: live order book, 6 min ago; Bitget: 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 QFEX live order book, 6 min ago | 1.54 bp | 8.5 bp −$8 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.06 bp | 25.4 bp −$25 | 27.9 bp −$279 | 33.4 bp −$3,336 | 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 | 7,664.6 | −1.341% | $7K | $107 | 52x | as long as short |
| QFEX US500-USDlong | −0.0039% | 1h | 7,768.8 | long leg | $11.9M | $2.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.6 | −0.041% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDTshort | 0.0000% | 8h | 7,770 | +0.015% | $7.2M | $771K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,742.9 | −0.333% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,768.7 | −0.001% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,768 | −0.010% | $1.9M | $28.6M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,770.7 | +0.024% | $3.2M | $14.2M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.7 | −0.387% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,836.3 | +0.868% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
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 | 7,770.4 | +0.021% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,768.3 | −0.006% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,769 | +0.003% | $432.5M | $235.3M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,767.8 | −0.013% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768.5 | −0.004% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.7 | +0.012% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,769 | +0.003% | $261K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0324% | 1h | 7,768.1 | −0.008% | $471 | $28K | 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