Funding you earn now, next payment 23:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.072%
Price spread now: Variational Omni against Injective+1.052%91s7-day average — · 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)—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 for this trade now. Funding pays $0 a day on $10k at the current rate, and Variational Omni is 1.052% dearer against Injective than usual: you sell high and buy low: +$105 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 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 | Injective SPX/USDC PERP | 0.4979 | 0.0033 | pay 0.0004% / 1h | 27m 45s | $9 | $4K | 5.5x |
| Short | Variational Omni SPX | 0.5031 | 0.0048 | get 0.0024% / 4h | 1h 27m | $850K | $1.3M | — |
Injective SPX/USDC PERP
Variational Omni SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. 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
- $3.09
- Price spread: +1.052% → 0.000%
- $105.18
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $108.26
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 1 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 5.97 bp | doesn't fit | 47.8 bp −$478 | doesn't fit | doesn't fit |
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.
SPX on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.1245% | 1h | 0.5033 | +1.094% | $233K | $552K | 20x | as long as short |
| Injective SPX/USDC PERPlong | +0.0033% | 1h | 0.4979 | long leg | $9 | $4K | 5.5x | |
| Variational Omni SPXshort | +0.0048% | 4h | 0.5031 | +1.052% | $850K | $1.3M | — | |
| Lighter SPX | +0.0096% | 1h | 0.5034 | +1.103% | $116K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5032 | +1.075% | $9.8M | $7.3M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5042 | +1.264% | $127K | $103K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5031 | +1.054% | $5.1M | $20.0M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5025 | +0.924% | $11.7M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5026 | +0.944% | $983K | $2.7M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5031 | +1.044% | $1.0M | $477K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5026 | +0.944% | $11.3M | $4.6M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5030 | +1.024% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5028 | +0.984% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5030 | +1.024% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5055 | +1.526% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5042 | +1.265% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5030 | +1.024% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5029 | +0.996% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5031 | +1.044% | $257K | $930K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT