Funding you earn now, next payment 02:00 UTC+0.0031%/8h= +3.3% APRpaid last 24h +0.039%
Price spread now: Variational Omni against QFEX−0.318%7-day average −0.152% · 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)+0.037%+$4 on $10k
+Price spread, last 7 days+0.234%+$23 · spread now −0.318%, 7d avg −0.152%
=Together, before fees+0.271%+ Points / potential airdropVariational Omni: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.166% cheaper against QFEX than usual: you would sell low and buy high (spread −0.318% now, against its 7-day average of −0.152%). If the spread goes back, that is −$17 on $10k: about 18 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US500-USD | 7,766.8 | −0.0031 | get 0.0004% / 1h | 58m 59s | $11.9M | $3.2M | 30x |
| Short | Variational Omni US500 | 7,742.1 | 0 | get 0.0000% / 8h | 5h 58m | $17.4M | $9.0M | — |
QFEX US500-USD
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- $6.42
- Price spread: −0.318% → −0.152%
- −$16.64
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.22
- Costs to cover
- 0.100%
- Break-even
- 29.1 days
Slippage unknown: QFEX: live order book, 5 min ago; 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 QFEX live order book, 5 min ago | 1.61 bp | 7.1 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 1.89 bp | doesn't fit | 1.9 bp −$19 | 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 | 7,666.3 | −1.294% | $7K | $103 | 52x | as long as short |
| QFEX US500-USDlong | −0.0031% | 1h | 7,766.8 | long leg | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.9 | −0.012% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.6 | +0.049% | $7.2M | $762K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,742.1 | −0.318% | $17.4M | $9.0M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,766.5 | −0.004% | $11K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.3 | −0.019% | $2.2M | $28.0M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768 | +0.015% | $3.2M | $15.6M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.8 | +0.836% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,768 | +0.015% | $545K | $448K | 20x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Vest SPX-USD-PERP
Popdex US500USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.9 | −0.038% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.1 | +0.004% | $431.7M | $241.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.6 | −0.028% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.6 | −0.003% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.1 | +0.017% | $9.5M | $7.4M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0057% | 1h | 7,738.9 | −0.359% | $1.6M | $7.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.9 | +0.001% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0325% | 1h | 7,766.4 | −0.005% | $471 | $23K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Markets by Kinetiq mkts:US500
Pacifica SP500
Aftermath Perps US500USD