SP500

Alert

Funding spread now, next payment 16:00 UTC−0.0082%/8h

paid, last 24h−0.014%paid, last 3 days+0.082%to open and closeno order book

Long on Variational Omni Short on Ondo Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni US500	7,705	0.0132	pay 0.0132% / 8h	28m 25s	$17.4M	$11.2M	—
Short	Ondo Perps US500-USD.P	7,726.6	0.0050	get 0.0006% / 1h	28m 25s	$9.6M	$5.5M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Ondo PerpsbpOrdersRate

Funding earned: −$17.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$22.23
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.280%
Avg gap 7d: +0.151%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 2 min ago	1.89 bp	doesn't fit	2.1 bp −$21	8.6 bp −$860	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective US500/USDC PERP	−0.0220%	1h	$6K	$125K	52x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	$150K	$281K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	$7.2M	$720K	50x	as long as short
Bullet US500-USD	0.0000%	1h	$13K	$108K	10x	as long as short
QFEX US500-USD	+0.0015%	1h	$11.7M	$3.0M	30x	as long as short
Lighter US500	+0.0032%	1h	$3.5M	$19.8M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	$3.4M	$13.3M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	$1.8M	$7.1M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	—	$3.1M	50x	as long as short
Popdex US500USDT	+0.0048%	1h	$564K	$192K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex US500-USD-PERP	+0.0050%	8h	$42K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	$430.1M	$220.1M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	$7.6M	$1.7M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	$1.0M	$46K	20x	as long as short
Ondo Perps US500-USD.Pshort	+0.0050%	1h	$9.6M	$5.5M	25x
Pacifica SP500	+0.0100%	1h	$268K	$126K	20x	as long as short
Variational Omni US500long	+0.0132%	8h	$17.4M	$11.2M	—
Aftermath Perps US500USD	+0.0406%	1h	$488	$13K	10x	as long as short