Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.036%
Price spread now: Extended against Variational Omni+0.321%7-day average +0.134% · 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)−0.021%−$2 on $10k
+Price spread, last 7 days−0.169%−$17 · spread now +0.321%, 7d avg +0.134%
=Together, before fees−0.190%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.187% dearer against Variational Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.134%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni US500 | 7,743.3 | 0 | get 0.0000% / 8h | 5h 32m | $17.5M | $9.1M | — |
| Short | Extended SPX500m-USD | 7,768.2 | 0.0032 | get 0.0004% / 1h | 32m 24s | $3.2M | $15.5M | 25x |
Variational Omni US500
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Variational Omni. 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
- $6.72
- Price spread: +0.321% → +0.134%
- $18.67
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $20.39
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Extended: live order book, 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 Variational Omni RFQ quote, 2 min ago | 1.89 bp | doesn't fit | 2.7 bp −$27 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 1.09 bp | 5.5 bp −$5 | 8.4 bp −$84 | 21.9 bp −$2,188 | 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 | 7,666.5 | −0.992% | $7K | $106 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,768.7 | +0.328% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.6 | +0.326% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,771.2 | +0.360% | $7.2M | $763K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,743.3 | long leg | $17.5M | $9.1M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,768.1 | +0.320% | $12K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.2 | +0.295% | $2.2M | $28.2M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,768.2 | +0.321% | $3.2M | $15.5M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.7 | −0.047% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.9 | +1.156% | — | $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
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 | 7,769.7 | +0.340% | $545K | $448K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.5 | +0.286% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.1 | +0.320% | $431.7M | $241.1M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.9 | +0.291% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.4 | +0.311% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.8 | +0.341% | $9.5M | $7.4M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.1 | +0.320% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0289% | 1h | 7,764.7 | +0.275% | $499 | $23K | 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