Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.094%
Price spread now: Orderly against Variational Omni−0.054%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.054% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it 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 | Variational Omni SPX | 0.5039 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $877K | $1.3M | — |
| Short | Orderly PERP_SPX_USDC | 0.5036 | 0.0100 | get 0.0050% / 4h | 2h 15m | $20K | $711 | 10x |
Variational Omni SPX
Orderly PERP_SPX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Variational Omni. 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
- $0
- Price spread: −0.054% → 0.000%
- −$5.4
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$11.4
- Costs to cover
- 0.060%
- Break-even
- 416242.0 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Orderly: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago | 6.95 bp | doesn't fit | 92.3 bp −$923 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | −0.0413% | 1h | 0.5026 | −0.246% | $233K | $560K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.185% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5034 | −0.086% | $116K | $319K | 5x | as long as short |
| Variational Omni SPXlong | +0.0100% | 4h | 0.5039 | long leg | $877K | $1.3M | — | |
| Hyperliquid SPX | +0.0100% | 1h | 0.5031 | −0.153% | $9.8M | $7.2M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5034 | −0.097% | $124K | $97K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5026 | −0.253% | $4.9M | $19.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5025 | −0.272% | $11.7M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5026 | −0.253% | $975K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5033 | −0.114% | $1.0M | $477K | 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 | 0.5029 | −0.193% | $11.5M | $4.6M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5030 | −0.173% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5031 | −0.153% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5031 | −0.153% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5043 | +0.085% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDCshort | +0.0100% | 4h | 0.5036 | −0.054% | $20K | $711 | 10x | |
| SunX SPX-USDT | +0.0100% | 4h | 0.5020 | −0.372% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5028 | −0.215% | $34K | $226K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5037 | −0.034% | $250K | $915K | 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