Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.025%
Price spread now: Popdex against Variational Omni+0.338%46s7-day average +0.283% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.338%, 7d avg +0.283%
=Together, before fees−0.054%+ Points / potential airdropVariational Omni: Active · farm board−$5 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 Popdex is 0.054% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.283%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni US500 | 7,738.1 | 0 | get 0.0000% / 8h | 9m 52s | $17.5M | $8.5M | — |
| Short | Popdex US500USDT | 7,764.2 | 0.0048 | get 0.0006% / 1h | 9m 52s | $625K | $527K | 20x |
Variational Omni US500
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $10.08
- Price spread: +0.338% → +0.283%
- $5.43
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $9.11
- Costs to cover
- 0.064%
- Break-even
- 0.7 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Popdex: live order book, 29 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, 4 min ago | 1.89 bp | doesn't fit | 2.2 bp −$22 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 29 min ago | 0.51 bp | 3.7 bp −$4 | 3.7 bp −$37 | 12.1 bp −$1,207 | 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 | 7,663.3 | −0.966% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,762 | +0.309% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | +0.366% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.9 | +0.385% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,738.1 | long leg | $17.5M | $8.5M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,761.8 | +0.306% | $12K | $104K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,760.8 | +0.294% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,763.1 | +0.324% | $3.2M | $12.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,734.9 | −0.041% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,829.8 | +1.185% | — | $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
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDTshort | +0.0048% | 1h | 7,764.2 | +0.338% | $625K | $527K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,760.7 | +0.292% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,761 | +0.296% | $436.0M | $232.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,761.4 | +0.301% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,761.8 | +0.307% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,762.8 | +0.319% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,763.6 | +0.330% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0337% | 1h | 7,762.5 | +0.316% | $446 | $29K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD