SP500

Alert

Funding spread now, next payment 19:00 UTC+0.0046%/8h

paid, last 24h−0.026%paid, last 3 days+0.001%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni US500	7,741.3	0	get 0.0000% / 8h	5h 17m	$17.6M	$11.4M	—
Short	Vest SPX-USD-PERP	7,834.5	0.0046	get 0.0006% / 1h	17m 45s	—	$3.6M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee VestbpOrdersRate

Funding earned: $9.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $7.59
Break-even: 1.5 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Vest: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +1.204%
Avg gap 7d: +1.100%

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, 3 min ago	1.89 bp	doesn't fit	2.6 bp −$26	9.3 bp −$926	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	$6K	$103	52x	as long as short
OKX US500-USDT-SWAP	0.0000%	8h	$151K	$296K	20x	as long as short
Bitget SP500USDT	0.0000%	8h	$7.2M	$732K	50x	as long as short
Variational Omni US500long	0.0000%	8h	$17.6M	$11.4M	—
Bullet US500-USD	0.0000%	1h	$13K	$109K	10x	as long as short
QFEX US500-USD	+0.0008%	1h	$11.7M	$3.1M	30x	as long as short
Lighter US500	+0.0032%	1h	$2.7M	$26.0M	50x	as long as short
Extended SPX500m-USD	+0.0032%	1h	$3.2M	$15.3M	25x	as long as short
Markets by Kinetiq mkts:US500	+0.0046%	1h	$1.5M	$7.8M	25x	as long as short
Vest SPX-USD-PERPshort	+0.0046%	1h	—	$3.6M	50x

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex US500USDT	+0.0048%	1h	$545K	$220K	20x	as long as short
Paradex US500-USD-PERP	+0.0050%	8h	$43K	—	5x	as long as short
tradeXYZ xyz:SP500	+0.0050%	1h	$437.7M	$252.2M	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	$85K	20x	as long as short
Ondo Perps US500-USD.P	+0.0050%	1h	$9.6M	$5.9M	25x	as long as short
Pacifica SP500	+0.0100%	1h	$267K	$164K	20x	as long as short
Aftermath Perps US500USD	+0.0323%	1h	$494	$17K	10x	as long as short