Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.007%
Price spread now: Extended against tradeXYZ+0.019%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now +0.019%, 7d avg −0.018%
=Together, before fees+0.045%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.037% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.018%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,766.7 | 0.0050 | pay 0.0006% / 1h | 13m 01s | $431.8M | $242.5M | 50x |
| Short | Extended SPX500m-USD | 7,768.2 | 0.0032 | get 0.0004% / 1h | 13m 01s | $3.2M | $15.7M | 25x |
tradeXYZ xyz:SP500
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against tradeXYZ. 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
- −$3.78
- Price spread: +0.019% → −0.018%
- $3.68
- Slippage, 4 orders
- −$4.3
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$27.4
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Extended: live order book, 1 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 tradeXYZ live order book, 7 min ago | 0.06 bp | 9.1 bp −$9 | 9.1 bp −$91 | 10.4 bp −$1,036 | doesn't fit |
| Sell Extended live order book, 1 min ago | 0.71 bp | 3.2 bp −$3 | 7.1 bp −$71 | 19.9 bp −$1,994 | 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 | 7,666.3 | −1.293% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0031% | 1h | 7,768.8 | +0.027% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.9 | −0.010% | $152K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.1 | +0.044% | $7.2M | $762K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.1 | −0.317% | $17.2M | $9.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.7 | 0.000% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.2 | −0.019% | $2.1M | $28.8M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,768.2 | +0.019% | $3.2M | $15.7M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.363% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.3 | +0.844% | — | $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 US500USDT | +0.0048% | 1h | 7,768.8 | +0.027% | $545K | $448K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.5 | −0.015% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,766.7 | long leg | $431.8M | $242.5M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.4 | −0.017% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.7 | 0.000% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769 | +0.030% | $9.5M | $7.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.9 | +0.016% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0325% | 1h | 7,766 | −0.008% | $459 | $22K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD