data as of
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Funding arb /

SP500

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 00:00 UTC−0.0046%/8h
next payment, per $10,000−$0.46paid, last 24h−0.010%paid, last 3 days+0.703%to open and closeno order book
Long on Variational OmniShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni US5007,727.70.0046pay 0.0046% / 8h6h 28m$17.5M$11.4M—
ShortOKX US500-USDT-SWAP7,756.40get 0.0000% / 8h6h 28m$151K$294K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$9.63
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$19.63
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; OKX: live order book, 8 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.372%
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 Variational Omni RFQ quote, 2 min ago1.89 bpdoesn't fit3.0 bp −$309.5 bp −$950doesn't fit
Sell OKX live order book, 8 min ago0.90 bp10.5 bp −$11doesn't fitdoesn't fitdoesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$7K$56K52xas long as short
Extended SPX500m-USD−0.0152%1h$3.2M$13.7M25xas long as short
OKX US500-USDT-SWAPshort0.0000%8h$151K$294K20x
Bitget SP500USDT0.0000%8h$7.2M$730K50xas long as short
Bullet US500-USD0.0000%1h$14K$108K10xas long as short
QFEX US500-USD+0.0010%1h$11.7M$3.1M30xas long as short
Lighter US500+0.0032%1h$2.8M$24.5M50xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.5M$8.0M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.5M50xas long as short
Variational Omni US500long+0.0046%8h$17.5M$11.4M—
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Popdex US500USDT+0.0048%1h$547K$211K20xas long as short
Paradex US500-USD-PERP+0.0050%8h$43K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$435.9M$242.4M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.5M50xas 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$6.3M25xas long as short
Pacifica SP500+0.0100%1h$267K$163K20xas long as short
Aftermath Perps US500USD+0.0295%1h$590$15K10xas long as short