Funding you earn now, next payment 03:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.026%
Price spread now: Markets by Kinetiq against QFEX−0.385%50s7-day average −0.228% · 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—prices read too far apart to compare
costs, in and out, $10k−$140.144% of the position
Funding, last 4 days (all we have)+0.089%+$9 on $10k
+Price spread, last 7 days+0.239%+$24 · spread now −0.385%, 7d avg −0.228%
=Funding pays, the price is against you. Markets by Kinetiq is 0.157% cheaper against QFEX than usual: you would sell low and buy high (spread −0.385% now, against its 7-day average of −0.228%). If the spread goes back, that is −$16 on $10k: about 6.5 days of funding at the current rate (+$2 a day). The two prices were read 50 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 | 7,769.1 | −0.0036 | get 0.0004% / 1h | 0m 46s | $11.9M | $3.2M | 30x |
| Short | Markets by Kinetiq mkts:US500 | 7,739.2 | 0.0046 | get 0.0006% / 1h | 0m 46s | $1.6M | $7.0M | 25x |
QFEX US500-USD
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq 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
- $17.05
- Price spread: −0.385% → −0.228%
- −$15.72
- Slippage, 4 orders
- −$2.75
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$13.05
- Costs to cover
- 0.144%
- Break-even
- 12.4 days
Slippage from QFEX: live order book, 3 min ago; Markets by Kinetiq: live order book, 7 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, 3 min ago | 1.09 bp | 6.1 bp −$6 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Markets by Kinetiq live order book, 7 min ago | 0.06 bp | 1.1 bp −$1 | 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 | 7,667.4 | −1.309% | $7K | $108 | 52x | as long as short |
| QFEX US500-USDlong | −0.0036% | 1h | 7,769.1 | long leg | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,767 | −0.027% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.9 | +0.023% | $7.2M | $774K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.8 | −0.339% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.5 | −0.020% | $13K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766 | −0.040% | $2.2M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.1 | −0.013% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,739.2 | −0.385% | $1.6M | $7.0M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +0.822% | — | $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
Extended SPX500m-USD
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 | 7,768.3 | −0.010% | $583K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.6 | −0.045% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.6 | −0.019% | $431.6M | $240.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.7 | −0.044% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.7 | −0.018% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.5 | −0.007% | $9.5M | $7.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768 | −0.015% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0231% | 1h | 7,764.9 | −0.054% | $577 | $24K | 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