Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.014%
Price spread now: Markets by Kinetiq against Variational Omni−0.037%7-day average −0.074% · 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)+0.046%+$5 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now −0.037%, 7d avg −0.074%
=Together, before fees+0.009%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Markets by Kinetiq is 0.037% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni US500 | 7,742.2 | 0 | get 0.0000% / 8h | 5h 23m | $17.5M | $9.1M | — |
| Short | Markets by Kinetiq mkts:US500 | 7,739.3 | 0.0046 | get 0.0006% / 1h | 23m 41s | $1.6M | $7.0M | 25x |
Variational Omni US500
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq 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
- $9.59
- Price spread: −0.037% → −0.074%
- $3.72
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- $11.69
- Costs to cover
- 0.016%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Markets by Kinetiq: live order book, 2 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 Variational Omni RFQ quote, 1 min ago | 1.89 bp | doesn't fit | 2.3 bp −$23 | doesn't fit | doesn't fit |
| Sell Markets by Kinetiq live order book, 2 min ago | 0.19 bp | 2.1 bp −$2 | doesn't fit | 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 | 7,666.5 | −0.977% | $7K | $106 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,767.1 | +0.322% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.6 | +0.341% | $152K | $218K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.8 | +0.370% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,742.2 | long leg | $17.5M | $9.1M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,767 | +0.321% | $12K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.2 | +0.298% | $2.2M | $28.3M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.1 | +0.322% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,739.3 | −0.037% | $1.6M | $7.0M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832 | +1.160% | — | $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
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 | 7,768.3 | +0.338% | $583K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.7 | +0.291% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.2 | +0.323% | $431.6M | $240.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.8 | +0.292% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.6 | +0.316% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.7 | +0.343% | $9.5M | $7.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.5 | +0.327% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0276% | 1h | 7,764.9 | +0.294% | $470 | $23K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD