data as of
Settings8H · net · $10k
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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 18:00 UTC−0.0035%/8h
paid, last 24h−0.032%paid, last 3 days+0.048%to open and closeno order book
Long on Variational OmniShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni US5007,727.40.0085pay 0.0085% / 8h6h 45m$17.5M$11.4M—
ShortPolymarket Perps SP500-USD7,7560.0050get 0.0006% / 1h45m 56s$7.6M$1.5M50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$7.37
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$15.37
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Polymarket Perps: live order book, 5 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.370%
Avg gap 7d
+0.140%
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, 5 min ago1.90 bpdoesn't fit2.4 bp −$249.6 bp −$962doesn't fit
Sell Polymarket Perps live order book, 5 min ago0.39 bp4.8 bp −$54.8 bp −$485.6 bp −$55712.4 bp −$6,176

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
OKX US500-USDT-SWAP0.0000%8h$151K$292K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$752K50xas long as short
Bullet US500-USD0.0000%1h$14K$109K10xas long as short
QFEX US500-USD+0.0010%1h$11.7M$2.9M30xas long as short
Lighter US500+0.0032%1h$3.0M$23.8M50xas long as short
Extended SPX500m-USD+0.0032%1h$3.3M$13.6M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.6M$7.9M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.5M50xas long as short
Popdex US500USDT+0.0048%1h$547K$211K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$43K—5xas long as short
tradeXYZ xyz:SP500+0.0050%1h$432.9M$235.7M50xas long as short
Polymarket Perps SP500-USDshort+0.0050%1h$7.6M$1.5M50x
SoDEX US500-USD+0.0050%1h$1.1M$87K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$6.2M25xas long as short
Variational Omni US500long+0.0085%8h$17.5M$11.4M—
Pacifica SP500+0.0100%1h$267K$163K20xas long as short
Aftermath Perps US500USD+0.0300%1h$458$15K10xas long as short