Funding you earn now, next payment 06:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h +0.005%
Price spread now: Extended against QFEX+0.009%55s7-day average −0.021% · 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—prices read too far apart to compare
costs, in and out, $10k−$220.222% of the position
Funding, last 4 days (all we have)+0.015%+$2 on $10k
+Price spread, last 7 days+0.003%$0 · spread now +0.009%, 7d avg −0.021%
=Together, before fees+0.018%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.030% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US500-USD | 7,766.2 | −0.0033 | get 0.0004% / 1h | 44m 38s | $11.9M | $3.2M | 30x |
| Short | Extended SPX500m-USD | 7,766.9 | 0.0032 | get 0.0004% / 1h | 44m 38s | $3.2M | $14.9M | 25x |
QFEX US500-USD
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $13.71
- Price spread: +0.009% → −0.021%
- $3.04
- Slippage, 4 orders
- −$7.2
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$5.45
- Costs to cover
- 0.222%
- Break-even
- 9.8 days
Slippage from QFEX: live order book, 5 min ago; Extended: 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 QFEX live order book, 5 min ago | 1.03 bp | 6.0 bp −$6 | 11.4 bp −$114 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.64 bp | 3.1 bp −$3 | 4.8 bp −$48 | 16.1 bp −$1,613 | 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 | 7,664.8 | −1.306% | $7K | $105 | 52x | as long as short |
| QFEX US500-USDlong | −0.0033% | 1h | 7,766.2 | long leg | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.8 | +0.008% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.4 | +0.041% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740 | −0.337% | $17.5M | $9.6M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.3 | +0.001% | $12K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764.9 | −0.017% | $2.1M | $27.9M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,766.9 | +0.009% | $3.2M | $14.9M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.8 | −0.366% | $1.6M | $7.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.3 | +0.850% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
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 US500USDT | +0.0048% | 1h | 7,768 | +0.023% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.6 | −0.021% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.2 | 0.000% | $431.5M | $235.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.9 | −0.017% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.2 | 0.000% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.8 | +0.020% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.7 | +0.007% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0246% | 1h | 7,764.9 | −0.017% | $493 | $26K | 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