Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.029%
Price spread now: Variational Omni against tradeXYZ−0.325%7-day average −0.151% · 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)+0.003%$0 on $10k
+Price spread, last 7 days+0.264%+$26 · spread now −0.325%, 7d avg −0.151%
=Together, before fees+0.266%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.174% cheaper against tradeXYZ than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.151%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SP500 | 7,767.4 | 0.0050 | pay 0.0006% / 1h | 14m 16s | $431.9M | $242.4M | 50x |
| Short | Variational Omni US500 | 7,742.1 | 0 | get 0.0000% / 8h | 6h 14m | $17.2M | $9.0M | — |
tradeXYZ xyz:SP500
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against tradeXYZ. 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: −0.325% → −0.151%
- −$17.42
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$45.92
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago | 0.06 bp | 9.1 bp −$9 | 9.1 bp −$91 | 10.4 bp −$1,036 | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 1.89 bp | doesn't fit | 2.2 bp −$22 | 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 | 7,666.3 | −1.302% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0031% | 1h | 7,768.8 | +0.018% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.9 | −0.019% | $152K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.3 | +0.037% | $7.2M | $762K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,742.1 | −0.325% | $17.2M | $9.0M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,767.3 | −0.001% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.1 | −0.017% | $2.2M | $28.8M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.7 | +0.016% | $3.2M | $15.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.4 | −0.373% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.4 | +0.849% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,769.1 | +0.022% | $545K | $449K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.5 | −0.024% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,767.4 | long leg | $431.9M | $242.4M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.2 | −0.015% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.4 | 0.000% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.9 | +0.019% | $9.5M | $7.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.7 | +0.004% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0325% | 1h | 7,765.9 | −0.019% | $458 | $22K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD