Funding you earn now, next payment 07:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.052%
Price spread now: Variational Omni against Aftermath Perps−0.350%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 −$9 a day on $10k at the current rate, and Variational Omni is 0.350% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$35 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 | Aftermath Perps US500USD | 7,768.5 | 0.0306 | pay 0.0038% / 1h | 34m 19s | $575 | $27K | 10x |
| Short | Variational Omni US500 | 7,741.3 | 0 | get 0.0000% / 8h | 1h 34m | $17.5M | $9.3M | — |
Aftermath Perps US500USD
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Aftermath Perps. 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
- −$64.23
- Price spread: −0.350% → 0.000%
- −$35.01
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$108.24
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Variational Omni: RFQ quote, 5 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 5 min ago | 1.89 bp | doesn't fit | 2.3 bp −$23 | doesn't fit | doesn't fit |
Aftermath Perps: 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.
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 | 7,664.6 | −1.337% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,766.5 | −0.026% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.6 | −0.037% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.1 | +0.008% | $7.2M | $773K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,741.3 | −0.350% | $17.5M | $9.3M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,766.7 | −0.023% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.5 | −0.039% | $2.0M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.8 | −0.009% | $3.2M | $14.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.2 | −0.390% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.3 | +0.834% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
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 | 7,767.9 | −0.008% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.4 | −0.040% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.2 | −0.029% | $431.0M | $233.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.6 | −0.037% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.3 | −0.028% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.3 | −0.003% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.8 | −0.009% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USDlong | +0.0306% | 1h | 7,768.5 | long leg | $575 | $27K | 10x |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500