Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%
Price spread now: OKX against tradeXYZ−0.008%7-day average +0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs+$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days+0.610%+$61 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.008%, 7d avg +0.076%
=Together, before fees+0.783%+ Points / potential airdroptradeXYZ: Active · farm board+$78 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.084% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.076%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.610%, 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 | tradeXYZ xyz:SP500 | 7,767.6 | 0.0050 | pay 0.0006% / 1h | 0m 23s | $431.6M | $240.5M | 50x |
| Short | OKX US500-USDT-SWAP | 7,767 | 0 | get 0.0000% / 8h | 5h 00m | $152K | $219K | 20x |
tradeXYZ xyz:SP500
OKX US500-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.5
- Price spread: −0.008% → +0.076%
- −$8.4
- Slippage, 4 orders
- −$6.67
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$53.57
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; OKX: live order book, 60 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, 10 min ago | 0.06 bp | 9.1 bp −$9 | 9.2 bp −$92 | 10.2 bp −$1,017 | doesn't fit |
| Sell OKX live order book, 60 min ago | 0.58 bp | 6.7 bp −$7 | 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 | −1.290% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,769.1 | +0.019% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAPshort | 0.0000% | 8h | 7,767 | −0.008% | $152K | $219K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.3 | +0.048% | $7.2M | $774K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.8 | −0.320% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.6 | −0.001% | $13K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766 | −0.021% | $2.2M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.9 | +0.004% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.2 | −0.366% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.8 | +0.839% | — | $4.3M | 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 US500USDT | +0.0048% | 1h | 7,768.1 | +0.006% | $583K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.3 | −0.029% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,767.6 | long leg | $431.6M | $240.5M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | −0.023% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.7 | +0.001% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.7 | +0.014% | $9.5M | $7.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768 | +0.005% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0229% | 1h | 7,764.8 | −0.036% | $577 | $24K | 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