Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.005%
Price spread now: Variational Omni against Markets by Kinetiq+0.068%7-day average +0.073% · 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)−0.050%−$5 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now +0.068%, 7d avg +0.073%
=Together, before fees−0.041%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,719.8 | 0.0046 | pay 0.0006% / 1h | 34m 02s | $1.6M | $7.5M | 25x |
| Short | Variational Omni US500 | 7,725.1 | 0 | get 0.0000% / 8h | 7h 34m | $17.5M | $8.3M | — |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Markets by Kinetiq. 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
- −$9.59
- Price spread: +0.068% → +0.073%
- −$0.47
- Slippage, 4 orders
- no order book: not counted
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$11.68
- Costs to cover
- 0.016%
- Break-even
- never at this rate
Slippage unknown: Markets by Kinetiq: live order book, 2 min ago; Variational Omni: RFQ quote, 5 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 Markets by Kinetiq live order book, 2 min ago | 0.39 bp | 2.5 bp −$2 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 1.90 bp | doesn't fit | 2.3 bp −$23 | 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 | −0.732% | $7K | $104 | 52x | as long as short |
| Extended SPX500m-USD | −0.0048% | 1h | 7,749 | +0.379% | $3.3M | $11.3M | 25x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,746.6 | +0.347% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,753.2 | +0.433% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,751.8 | +0.415% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,725.1 | +0.068% | $17.5M | $8.3M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,746.6 | +0.347% | $13K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0001% | 1h | 7,746.6 | +0.347% | $428.6M | $237.4M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,748.2 | +0.368% | $2.0M | $28.1M | 50x | as long as short |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,719.8 | long leg | $1.6M | $7.5M | 25x |
Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,815.5 | +1.240% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,750.5 | +0.398% | $623K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,747.3 | +0.357% | $42K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,749.2 | +0.381% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,748 | +0.365% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,748.4 | +0.371% | $9.5M | $8.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,750.1 | +0.393% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0322% | 1h | 7,747.9 | +0.364% | $473 | $30K | 10x | as long as short |
Variational Omni US500
Injective US500/USDC PERP
Extended SPX500m-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Bullet US500-USD
tradeXYZ xyz:SP500
Lighter US500
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Pacifica SP500
Aftermath Perps US500USD