Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.010%
Price spread now: Variational Omni against Pacifica−0.333%7-day average −0.259% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.333%, 7d avg −0.259%
=Together, before fees−0.004%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.074% cheaper against Pacifica than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.259%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica SP500 | 7,766.8 | 0.0100 | pay 0.0013% / 1h | 55m 56s | $261K | $177K | 20x |
| Short | Variational Omni US500 | 7,740.9 | 0 | get 0.0000% / 8h | 2h 55m | $17.6M | $9.5M | — |
Pacifica SP500
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Pacifica. 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
- −$21
- Price spread: −0.333% → −0.259%
- −$7.45
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$36.45
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 57 min ago; Variational Omni: RFQ quote, 3 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 Pacifica live order book, 57 min ago | 1.16 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 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 | 7,664.8 | −1.313% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0033% | 1h | 7,766.7 | −0.001% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.8 | 0.000% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,768.6 | +0.023% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,740.9 | −0.333% | $17.6M | $9.5M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,766.6 | −0.003% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765 | −0.023% | $2.1M | $27.8M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.9 | +0.002% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.6 | −0.363% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.5 | +0.846% | — | $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 | 7,768 | +0.016% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.6 | −0.028% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.4 | −0.005% | $431.4M | $236.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.4 | −0.018% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.5 | −0.004% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.5 | +0.009% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,766.8 | long leg | $261K | $177K | 20x | |
| Aftermath Perps US500USD | +0.0229% | 1h | 7,764.9 | −0.024% | $506 | $26K | 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
Aftermath Perps US500USD