Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.025%
Price spread now: Variational Omni against SoDEX−0.326%7-day average −0.248% · 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)−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.326%, 7d avg −0.248%
=Together, before fees+0.005%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.078% cheaper against SoDEX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.248%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX US500-USD | 7,768.7 | 0.0050 | pay 0.0006% / 1h | 44m 12s | $1.1M | $85K | 20x |
| Short | Variational Omni US500 | 7,743.4 | 0 | get 0.0000% / 8h | 44m 12s | $17.2M | $9.2M | — |
SoDEX US500-USD
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against SoDEX. 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
- −$10.5
- Price spread: −0.326% → −0.248%
- −$7.83
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$26.33
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: 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 SoDEX live order book, 5 min ago | 0.06 bp | 18.2 bp −$18 | 50.1 bp −$501 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 1.89 bp | doesn't fit | 2.0 bp −$20 | 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 | 7,666.6 | −1.314% | $7K | $103 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,768.2 | −0.006% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.5 | +0.010% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.5 | +0.036% | $7.2M | $790K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,743.4 | −0.326% | $17.2M | $9.2M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,768.8 | +0.001% | $12K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.9 | −0.023% | $2.2M | $28.2M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.6 | +0.012% | $3.2M | $13.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.7 | −0.386% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.9 | +0.839% | — | $3.5M | 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 | 7,770 | +0.017% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.7 | −0.025% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.7 | 0.000% | $436.3M | $255.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.8 | −0.024% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USDlong | +0.0050% | 1h | 7,768.7 | long leg | $1.1M | $85K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.2 | +0.006% | $9.5M | $6.7M | 25x | as long as short |
| Aftermath Perps US500USD | +0.0052% | 1h | 7,764.8 | −0.050% | $553 | $22K | 10x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,769.3 | +0.007% | $258K | $195K | 20x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD
Pacifica SP500