Funding you earn now, next payment 16:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.004%
Price spread now: Variational Omni against Paradex−0.272%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Variational 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 Variational Omni is 0.272% cheaper against Paradex than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex US500-USD-PERP | 7,760.1 | 0.0050 | pay 0.0050% / 8h | 6h 55m | $43K | — | 5x |
| Short | Variational Omni US500 | 7,738.9 | 0 | get 0.0000% / 8h | 6h 55m | $17.5M | $8.3M | — |
Paradex US500-USD-PERP
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Paradex. 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
- −$10.5
- Price spread: −0.272% → 0.000%
- −$27.24
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$41.74
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 4 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 1.89 bp | doesn't fit | 2.1 bp −$21 | doesn't fit | doesn't fit |
Paradex: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX US500-USD | −0.0052% | 1h | 7,760.9 | +0.011% | $9.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,761.9 | +0.024% | $137K | $235K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,764.3 | +0.054% | $7.2M | $566K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,738.9 | −0.272% | $17.5M | $8.3M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,763.4 | +0.043% | $13K | $104K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,759.8 | −0.004% | $2.1M | $28.4M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,762.4 | +0.030% | $3.2M | $10.7M | 25x | as long as short |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,663.3 | −1.247% | $7K | $100 | 52x | as long as short |
| tradeXYZ xyz:SP500 | +0.0036% | 1h | 7,760.9 | +0.011% | $426.2M | $243.6M | 50x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,733.9 | −0.337% | $1.5M | $7.9M | 25x | as long as short |
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Injective US500/USDC PERP
tradeXYZ xyz:SP500
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 | 7,827.3 | +0.866% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,762.1 | +0.026% | $624K | $508K | 20x | as long as short |
| Paradex US500-USD-PERPlong | +0.0050% | 8h | 7,760.1 | long leg | $43K | — | 5x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,758.1 | −0.025% | $10.0M | $3.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,762.9 | +0.036% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,761.5 | +0.019% | $9.5M | $8.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,763 | +0.038% | $259K | $172K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0257% | 1h | 7,765.7 | +0.073% | $546 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD