Funding you earn now, next payment 09:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.013%
Price spread now: QFEX against Variational Omni+0.327%7-day average +0.162% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.040%−$4 on $10k
+Price spread, last 7 days−0.262%−$26 · spread now +0.327%, 7d avg +0.162%
=Together, before fees−0.303%+ Points / potential airdropVariational Omni: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.165% dearer against Variational Omni than usual: you sell high and buy low (spread +0.327% now, against its 7-day average of +0.162%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni US500 | 7,741.2 | 0 | get 0.0000% / 8h | 7h 02m | $17.5M | $8.3M | — |
| Short | QFEX US500-USD | 7,766.5 | −0.0042 | pay 0.0005% / 1h | 2m 03s | $9.9M | $3.1M | 30x |
Variational Omni US500
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$8.84
- Price spread: +0.327% → +0.162%
- $16.51
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$2.33
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; QFEX: 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 | 3.0 bp −$30 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.61 bp | 7.3 bp −$7 | 12.4 bp −$124 | 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 | 7,663.3 | −1.006% | $7K | $104 | 52x | as long as short |
| QFEX US500-USDshort | −0.0042% | 1h | 7,766.5 | +0.327% | $9.9M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.2 | +0.362% | $137K | $235K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,765.4 | +0.313% | $7.2M | $567K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,741.2 | long leg | $17.5M | $8.3M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,766.3 | +0.325% | $13K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0009% | 1h | 7,766.6 | +0.328% | $426.8M | $241.1M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764.7 | +0.304% | $2.1M | $29.0M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.1 | +0.348% | $3.2M | $10.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.5 | −0.035% | $1.5M | $7.9M | 25x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
Bullet US500-USD
tradeXYZ xyz:SP500
Lighter US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.8 | +1.196% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,768.7 | +0.356% | $625K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.1 | +0.322% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.3 | +0.312% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.3 | +0.325% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767 | +0.333% | $9.5M | $8.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.6 | +0.341% | $259K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0231% | 1h | 7,763.7 | +0.291% | $502 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD