Funding you earn now, next payment 00:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.59 per $10,000 · paid last 24h −0.094%
Price spread now: Variational Omni against Orderly−0.081%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.081% cheaper against Orderly than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPX_USDC | 0.5056 | 0.0100 | pay 0.0050% / 4h | 33m 11s | $20K | $711 | 10x |
| Short | Variational Omni SPX | 0.5052 | −0.0019 | pay 0.0009% / 4h | 33m 11s | $845K | $1.3M | — |
Orderly PERP_SPX_USDC
Variational Omni SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- −$24.93
- Price spread: −0.081% → 0.000%
- −$8.07
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$39
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 1 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 5.95 bp | doesn't fit | 31.7 bp −$317 | doesn't fit | doesn't fit |
Orderly: 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 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.1177% | 1h | 0.5062 | +0.125% | $240K | $559K | 20x | as long as short |
| Variational Omni SPXshort | −0.0019% | 4h | 0.5052 | −0.081% | $845K | $1.3M | — | |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.523% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5051 | −0.103% | $116K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5056 | −0.004% | $9.9M | $7.7M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5048 | −0.148% | $129K | $110K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5053 | −0.059% | $5.0M | $21.0M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5041 | −0.297% | $11.5M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5051 | −0.099% | $962K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5046 | −0.198% | $1.0M | $500K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5050 | −0.119% | $11.2M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5047 | −0.178% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5058 | +0.040% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5047 | −0.178% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5049 | −0.138% | $45K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDClong | +0.0100% | 4h | 0.5056 | long leg | $20K | $711 | 10x | |
| SunX SPX-USDT | +0.0100% | 4h | 0.5047 | −0.178% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5054 | −0.047% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5053 | −0.059% | $247K | $984K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT