Funding you earn now, next payment 05:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.106%
Price spread now: Injective against Variational Omni−0.970%46s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 0.970% cheaper against Variational Omni than usual: you would sell low and buy high (−$97 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni US500 | 7,740.5 | 0 | get 0.0000% / 8h | 3h 02m | $17.6M | $9.5M | — |
| Short | Injective US500/USDC PERP | 7,665.4 | −0.0220 | pay 0.0028% / 1h | 2m 25s | $7K | $108 | 52x |
Variational Omni US500
Injective US500/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$46.2
- Price spread: −0.970% → 0.000%
- −$97.02
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$143.24
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Injective: no order-book sample. 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 | 2.3 bp −$23 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.0220% | 1h | 7,665.4 | −0.970% | $7K | $108 | 52x | |
| QFEX US500-USD | −0.0030% | 1h | 7,766.7 | +0.339% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.8 | +0.366% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,768.6 | +0.363% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,740.5 | long leg | $17.6M | $9.5M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,766.9 | +0.341% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.3 | +0.320% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.4 | +0.348% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.6 | −0.024% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.5 | +1.189% | — | $4.3M | 50x | as long as short |
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 | 7,767.9 | +0.354% | $584K | $486K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.9 | +0.315% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.7 | +0.339% | $431.4M | $236.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.7 | +0.326% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.7 | +0.339% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.8 | +0.353% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.4 | +0.347% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0224% | 1h | 7,764.9 | +0.315% | $470 | $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
Pacifica SP500
Aftermath Perps US500USD