SP500

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniUS500	7,620.7	0	0.0000% / 8h	14m 05s	$18.0M	$1.2M	20x	Long Variational Omni+15% pts
SHORT	GateSPX500_USDT	7,640	0	0.0000% / 8h	14m 05s	$1.6M	$28K	100x	Short Gate

Price gap+0.254%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$3 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$90.0000% /8h now · paid −0.086% over the last 7D

Price+$3spread +0.254% now, avg +0.220% → +0.034% if it goes back

Costs−$1201.196% of $10k · taker + slippage, in and out

Result−$125−1.25%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.254%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SP500 on 25 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Thin at this size2.5 / 43.4 bp
At $10k entering Gate costs 43.4 bp, fee and slippage, 17.3× Variational Omni’s.
Note: Margin at max leverage$500 + $100
Variational Omni 20x, Gate 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long Variational Omni: 3 payments, $0.00; short Gate: 3 payments, $0.00.
OK: Entry gap works for you+0.254% vs +0.220%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$1.6M vs $18.0M OI
Gate sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCVariational Omni No · Gate Yes
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0041%/8h × 21 periods−$8.56

Price spread+0.254% → +0.220% (7d avg)+$3.38

Slippage, 4 orderslive order books−$104.58

Fee Variational Omni bp × 2 orders$0.00

Fee Gate bp × 2 orders−$15.00

Net · 7 days · $10k−$124.75

Costs to cover1.196%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 1 min ago; Gate: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni1.902.5 bp−$33.1 bp−$31doesn’t fitdoesn’t fit

SELL · SHORTGate7.8943.4 bp−$43100.8 bp−$1,008doesn’t fitdoesn’t fit

Closing costs about the same again.

SP500 news

posts that mention SP500 or S&P 500, from every exchangeSearch all news →

10-24 20:00	Kalshi	Other	JUST IN: Investment firm says S&P 500 could plunge 30% if AI stocks "go bust" @Kalshi on X ↗
10-23 12:00	Bybit	Other	@Bybit_Learn Recap of market action yesterday (Thur, Oct 22): - Bitcoin -4%, biggest 1-day drop since June - S&P 500 -1.2%, biggest 1-day drop since July - Gold -2.8%, now set for biggest weekly drop since June ICYMI: @Bybit_Learn shared a warning since Tue, Oct 20: @Bybit_Official on X ↗
10-21 18:18	Markets by Kinetiq	Other	Short tail HIP-3 offerings include US500, USTECH, TLT, IWM @Markets_xyz on X ↗
10-21 17:00	Kalshi	Other	BREAKING: Ed Yardeni says the AI bubble is real, but it isn't ready to burst yet 64% chance the S&P 500 closes 2027 above $8,000 @Kalshi on X ↗
10-21 03:30	Kalshi	Other	JUST IN: Corporate earnings growth is set to slow, per Bank of America • 10 of 11 S&P 500 sectors are estimated to post lower earnings growth in Q3 than in Q2 • Consumer Discretionary slows the most — from +91% to just +2% • Financials fall from +22.3% to +2.4% @Kalshi on X ↗
10-19 21:30	Kalshi	Other	JUST IN: Goldman Sachs warns markets face higher volatility as investor positioning turns defensive S&P 500 is expected to close 2026 at approximately $7,700 @Kalshi on X ↗