Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.039%
Price spread now: QFEX against Variational Omni+0.340%7-day average +0.153% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.038%−$4 on $10k
+Price spread, last 7 days−0.269%−$27 · spread now +0.340%, 7d avg +0.153%
=Together, before fees−0.307%+ Points / potential airdropVariational Omni: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.187% dearer against Variational Omni than usual: you sell high and buy low (spread +0.340% now, against its 7-day average of +0.153%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni US500 | 7,742.8 | 0 | get 0.0000% / 8h | 5h 01m | $17.5M | $9.3M | — |
| Short | QFEX US500-USD | 7,769.1 | −0.0036 | pay 0.0004% / 1h | 1m 10s | $11.9M | $3.2M | 30x |
Variational Omni US500
QFEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$7.46
- Price spread: +0.340% → +0.153%
- $18.72
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $1.26
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; QFEX: live order book, 8 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, 3 min ago | 1.89 bp | doesn't fit | 2.0 bp −$20 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.09 bp | 6.1 bp −$6 | 11.6 bp −$116 | doesn't fit | 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 | 7,667.4 | −0.973% | $7K | $108 | 52x | as long as short |
| QFEX US500-USDshort | −0.0036% | 1h | 7,769.1 | +0.340% | $11.9M | $3.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,767 | +0.313% | $152K | $219K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.9 | +0.363% | $7.2M | $774K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,742.8 | long leg | $17.5M | $9.3M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,767.5 | +0.320% | $13K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.2 | +0.303% | $2.2M | $28.4M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.1 | +0.327% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.2 | −0.046% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833 | +1.165% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
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 US500USDT | +0.0048% | 1h | 7,768.3 | +0.330% | $583K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.6 | +0.295% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.7 | +0.322% | $431.6M | $240.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.7 | +0.296% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.7 | +0.322% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.5 | +0.333% | $9.5M | $7.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.1 | +0.328% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0231% | 1h | 7,764.9 | +0.286% | $577 | $24K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD