Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.041%
Price spread now: Variational Omni against Injective+2.272%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 2.272% dearer against Injective than usual: you sell high and buy low: +$227 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SPX/USDC PERP | 0.4979 | 0.0033 | pay 0.0004% / 1h | 8m 50s | $9 | $4K | 5.5x |
| Short | Variational Omni SPX | 0.5092 | 0.0100 | get 0.0050% / 4h | 2h 08m | $881K | $1.4M | — |
Injective SPX/USDC PERP
Variational Omni SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. 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
- $14
- Price spread: +2.272% → 0.000%
- $227.17
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $241.15
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, just now. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, just now | 8.88 bp | doesn't fit | 48.3 bp −$483 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SPX 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 SPX/USDC PERPlong | +0.0033% | 1h | 0.4979 | long leg | $9 | $4K | 5.5x | |
| Lighter SPX | +0.0096% | 1h | 0.5083 | +2.095% | $137K | $358K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5082 | +2.079% | $10.2M | $7.5M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5083 | +2.082% | $129K | $111K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5080 | +2.029% | $5.1M | $21.2M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5074 | +1.908% | $11.5M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5075 | +1.928% | $948K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5074 | +1.908% | $1.0M | $557K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5079 | +2.008% | $11.5M | $4.9M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5077 | +1.968% | $3.7M | $5.3M | 50x | as long as short |
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5084 | +2.109% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5083 | +2.089% | — | $6.9M | — | as long as short |
| Variational Omni SPXshort | +0.0100% | 4h | 0.5092 | +2.272% | $881K | $1.4M | — | |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5108 | +2.591% | $46K | $244K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5071 | +1.848% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5071 | +1.852% | $34K | $259K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0131% | 4h | 0.5085 | +2.129% | $20K | $599 | 10x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1174% | 1h | 0.5086 | +2.149% | $252K | $545K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
Kraken Futures PF_SPXUSD