Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.008%
Price spread now: Variational Omni against Markets by Kinetiq+0.098%7-day average +0.075% · 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)−0.045%−$5 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.098%, 7d avg +0.075%
=Together, before fees−0.067%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.023% dearer against Markets by Kinetiq than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.075%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,737.1 | 0.0046 | pay 0.0006% / 1h | 22m 21s | $1.6M | $7.1M | 25x |
| Short | Variational Omni US500 | 7,744.7 | 0 | get 0.0000% / 8h | 7h 22m | $17.2M | $8.9M | — |
Markets by Kinetiq mkts:US500
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Markets by Kinetiq. 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
- −$9.59
- Price spread: +0.098% → +0.075%
- $2.32
- Slippage, 4 orders
- no order book: not counted
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$8.89
- Costs to cover
- 0.016%
- Break-even
- from the start
Slippage unknown: Markets by Kinetiq: live order book, 5 min ago; Variational Omni: RFQ quote, 2 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 Markets by Kinetiq live order book, 5 min ago | 0.13 bp | 1.4 bp −$1 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 1.89 bp | doesn't fit | 2.3 bp −$23 | 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 | 7,668.6 | −0.885% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0045% | 1h | 7,767.6 | +0.394% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,764.7 | +0.357% | $152K | $246K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.1 | +0.452% | $7.2M | $773K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,744.7 | +0.098% | $17.2M | $8.9M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,765.5 | +0.366% | $12K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764 | +0.348% | $2.2M | $28.8M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,765.7 | +0.370% | $3.2M | $14.4M | 25x | as long as short |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,737.1 | long leg | $1.6M | $7.1M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,830.3 | +1.204% | — | $3.8M | 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
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 | 7,767.4 | +0.392% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.6 | +0.343% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.6 | +0.368% | $434.6M | $240.1M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,763.4 | +0.340% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.1 | +0.362% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766 | +0.373% | $9.5M | $7.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.7 | +0.382% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0247% | 1h | 7,766 | +0.374% | $459 | $21K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD