Funding you earn now, next payment 01:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h +0.041%
Price spread now: Injective against Variational Omni−2.526%61s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 2.526% cheaper against Variational Omni than usual: you would sell low and buy high (−$253 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 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 SPX | 0.5108 | 0.0060 | pay 0.0030% / 4h | 3h 06m | $854K | $1.3M | — |
| Short | Injective SPX/USDC PERP | 0.4979 | 0.0033 | get 0.0004% / 1h | 6m 12s | $9 | $4K | 5.5x |
Variational Omni SPX
Injective SPX/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
- −$5.65
- Price spread: −2.526% → 0.000%
- −$252.65
- 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
- −$258.32
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 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, 3 min ago | 7.82 bp | doesn't fit | 52.8 bp −$528 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERPshort | +0.0033% | 1h | 0.4979 | −2.526% | $9 | $4K | 5.5x | |
| Variational Omni SPXlong | +0.0060% | 4h | 0.5108 | long leg | $854K | $1.3M | — | |
| Lighter SPX | +0.0096% | 1h | 0.5123 | +0.296% | $128K | $334K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5120 | +0.234% | $10.1M | $7.6M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5138 | +0.592% | $130K | $110K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5121 | +0.253% | $5.1M | $21.1M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5115 | +0.136% | $11.6M | $16.0M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5114 | +0.116% | $968K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5121 | +0.253% | $1.1M | $521K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5120 | +0.234% | $11.4M | $4.8M | 100x | as long as short |
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5121 | +0.253% | $3.8M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5123 | +0.293% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5114 | +0.116% | — | $6.8M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5119 | +0.214% | $46K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5126 | +0.351% | $20K | $599 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5112 | +0.077% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5113 | +0.101% | $33K | $264K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5142 | +0.665% | $253K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.0955% | 1h | 0.5130 | +0.429% | $249K | $550K | 20x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT
Kraken Futures PF_SPXUSD