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Funding arb /

SP500

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Funding spread now, next payment 00:00 UTC+0.0105%/8h
next payment, per $10,000+$1.05paid, last 24h+0.010%paid, last 3 days−0.703%to open and closeno order book
Long on OKXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX US500-USDT-SWAP7,744.20get 0.0000% / 8h7h 34m$151K$287K20x
ShortVariational Omni US5007,721.10.0105get 0.0105% / 8h7h 34m$17.4M$11.6M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$21.98
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$11.98
Break-even
3.2 days
Slippage unknown: OKX: live order book, 7 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.298%
Avg gap 7d
−0.327%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 7 min ago2.97 bp43.7 bp −$44doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago1.89 bpdoesn't fit1.9 bp −$197.1 bp −$708doesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$125K52xas long as short
OKX US500-USDT-SWAPlong0.0000%8h$151K$287K20x
Bitget SP500USDT0.0000%8h$7.3M$720K50xas long as short
Bullet US500-USD0.0000%1h$14K$108K10xas long as short
QFEX US500-USD+0.0006%1h$11.7M$2.9M30xas long as short
Lighter US500+0.0032%1h$3.1M$21.7M50xas long as short
Extended SPX500m-USD+0.0032%1h$3.4M$13.3M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.7M$7.5M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.5M50xas long as short
Popdex US500USDT+0.0048%1h$566K$191K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$42K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$434.2M$229.7M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.7M50xas long as short
SoDEX US500-USD+0.0050%1h$1.1M$87K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$5.8M25xas long as short
Pacifica SP500+0.0100%1h$273K$153K20xas long as short
Variational Omni US500short+0.0105%8h$17.4M$11.6M—
Aftermath Perps US500USD+0.0300%1h$502$14K10xas long as short