SP500

Alert

Funding spread now, next payment 00:00 UTC+0.0004%/8h

next payment, per $10,000+$0.04paid, last 24h−0.025%paid, last 3 days+0.010%to open and closeno order book

Long on Variational Omni Short on Paradex

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni US500	7,727.7	0.0046	pay 0.0046% / 8h	6h 26m	$17.5M	$11.4M	—
Short	Paradex US500-USD-PERP	7,753.6	0.0050	get 0.0050% / 8h	6h 26m	$43K	—	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ParadexbpOrdersRate

Funding earned: $0.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.13
Break-even: 32.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.335%
Avg gap 7d: —

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, 4 min ago	1.89 bp	doesn't fit	3.0 bp −$30	9.5 bp −$950	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective US500/USDC PERP	−0.0220%	1h	$7K	$56K	52x	as long as short
Extended SPX500m-USD	−0.0184%	1h	$3.2M	$13.7M	25x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	$151K	$294K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	$7.2M	$730K	50x	as long as short
Bullet US500-USD	0.0000%	1h	$14K	$108K	10x	as long as short
QFEX US500-USD	+0.0010%	1h	$11.7M	$3.1M	30x	as long as short
Lighter US500	+0.0032%	1h	$2.8M	$24.5M	50x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	$1.6M	$8.0M	25x	as long as short
Vest SPX-USD-PERP	+0.0046%	1h	—	$3.5M	50x	as long as short
Variational Omni US500long	+0.0046%	8h	$17.5M	$11.4M	—

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex US500USDT	+0.0048%	1h	$547K	$210K	20x	as long as short
Paradex US500-USD-PERPshort	+0.0050%	8h	$43K	—	5x
tradeXYZ xyz:SP500	+0.0050%	1h	$435.8M	$242.7M	50x	as long as short
Polymarket Perps SP500-USD	+0.0050%	1h	$7.6M	$1.5M	50x	as long as short
SoDEX US500-USD	+0.0050%	1h	$1.1M	$87K	20x	as long as short
Ondo Perps US500-USD.P	+0.0050%	1h	$9.6M	$6.1M	25x	as long as short
Pacifica SP500	+0.0100%	1h	$267K	$163K	20x	as long as short
Aftermath Perps US500USD	+0.0296%	1h	$458	$15K	10x	as long as short