Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.030%
Price spread now: Polymarket Perps against Variational Omni+0.294%7-day average +0.147% · 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)−0.002%$0 on $10k
+Price spread, last 7 days−0.179%−$18 · spread now +0.294%, 7d avg +0.147%
=Together, before fees−0.180%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.146% dearer against Variational Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.147%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni US500 | 7,743.7 | 0 | get 0.0000% / 8h | 7h 07m | $17.2M | $8.9M | — |
| Short | Polymarket Perps SP500-USD | 7,766.4 | 0.0050 | get 0.0006% / 1h | 7m 32s | $9.0M | $2.3M | 50x |
Variational Omni US500
Polymarket Perps SP500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $10.5
- Price spread: +0.294% → +0.147%
- $14.61
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $17.11
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Polymarket Perps: live order book, 7 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 | 2.9 bp −$29 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 7 min ago | 0.06 bp | 4.3 bp −$4 | 5.5 bp −$55 | 6.3 bp −$629 | 11.8 bp −$5,896 |
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 | 7,664.8 | −1.019% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0045% | 1h | 7,769.2 | +0.330% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.5 | +0.295% | $152K | $246K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.3 | +0.370% | $7.2M | $771K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,743.7 | long leg | $17.2M | $8.9M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,768.7 | +0.323% | $13K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.4 | +0.294% | $2.2M | $29.0M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.6 | +0.322% | $3.2M | $14.9M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.1 | −0.072% | $1.6M | $7.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.1 | +1.155% | — | $3.9M | 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 | 7,768.7 | +0.323% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.8 | +0.286% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.6 | +0.322% | $433.9M | $240.2M | 50x | as long as short |
| Polymarket Perps SP500-USDshort | +0.0050% | 1h | 7,766.4 | +0.294% | $9.0M | $2.3M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.6 | +0.309% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.1 | +0.316% | $9.5M | $7.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.5 | +0.321% | $261K | $178K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0269% | 1h | 7,765.7 | +0.285% | $590 | $21K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD