data as of
Settings8H · net · $10k
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Funding arb /

SP500

RWAall SP500 markets
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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 17:00 UTC−0.0046%/8h
paid, last 24h−0.030%paid, last 3 days+0.006%to open and closeno order book
Long on Variational OmniShort on tradeXYZ
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni US5007,727.40.0096pay 0.0096% / 8h7h 07m$17.5M$11.6M—
ShorttradeXYZ xyz:SP5007,750.60.0050get 0.0006% / 1h7m 10s$432.9M$233.8M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$9.61
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$27.61
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; tradeXYZ: live order book, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.300%
Avg gap 7d
+0.139%
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, 3 min ago1.89 bpdoesn't fit1.9 bp −$197.2 bp −$722doesn't fit
Sell tradeXYZ live order book, 4 min ago0.06 bp9.1 bp −$99.1 bp −$9110.5 bp −$1,047doesn't fit

SP500 on 18 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−0.0220%1h$6K$125K52xas long as short
OKX US500-USDT-SWAP0.0000%8h$151K$293K20xas long as short
Bitget SP500USDT0.0000%8h$7.2M$748K50xas long as short
Bullet US500-USD0.0000%1h$14K$109K10xas long as short
QFEX US500-USD+0.0006%1h$11.7M$2.9M30xas long as short
Lighter US500+0.0032%1h$3.1M$22.4M50xas long as short
Extended SPX500m-USD+0.0032%1h$3.4M$13.3M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h$1.7M$7.7M25xas long as short
Vest SPX-USD-PERP+0.0046%1h—$3.5M50xas long as short
Popdex US500USDT+0.0048%1h$547K$210K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex US500-USD-PERP+0.0050%8h$42K—5xas long as short
tradeXYZ xyz:SP500short+0.0050%1h$432.9M$233.8M50x
Polymarket Perps SP500-USD+0.0050%1h$7.6M$1.7M50xas long as short
SoDEX US500-USD+0.0050%1h$1.1M$86K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h$9.6M$6.1M25xas long as short
Variational Omni US500long+0.0096%8h$17.5M$11.6M—
Pacifica SP500+0.0100%1h$273K$154K20xas long as short
Aftermath Perps US500USD+0.0331%1h$488$14K10xas long as short