Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%
Price spread now: Variational Omni against Bullet−0.314%52s7-day average −0.261% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.314%, 7d avg −0.261%
=Together, before fees+0.058%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.053% cheaper against Bullet than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.261%. The two prices were read 52 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 | Bullet US500-USD | 7,766.3 | 0 | get 0.0000% / 1h | 54m 30s | $13K | $105K | 10x |
| Short | Variational Omni US500 | 7,741.9 | 0 | get 0.0000% / 8h | 54m 30s | $17.5M | $9.3M | — |
Bullet US500-USD
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bullet. 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
- $0
- Price spread: −0.314% → −0.261%
- −$5.31
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$13.31
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Bullet: live order book, 49 min ago; Variational Omni: RFQ quote, 5 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 Bullet live order book, 49 min ago | 0.50 bp | 6.2 bp −$6 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 1.89 bp | doesn't fit | 2.2 bp −$22 | 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 | 7,666.5 | −1.285% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,767.6 | +0.017% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | +0.001% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.2 | +0.037% | $7.2M | $765K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,741.9 | −0.314% | $17.5M | $9.3M | — | |
| Bullet US500-USDlong | 0.0000% | 1h | 7,766.3 | long leg | $13K | $105K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,766.8 | +0.007% | $1.9M | $27.8M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,770.4 | +0.052% | $3.2M | $13.4M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739 | −0.351% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,834.5 | +0.878% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
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 | 7,769.9 | +0.046% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.4 | +0.014% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.2 | +0.012% | $437.1M | $235.8M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.3 | 0.000% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.4 | +0.001% | $1.1M | $86K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.8 | +0.032% | $9.5M | $8.1M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,769.4 | +0.040% | $261K | $164K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0321% | 1h | 7,767.3 | +0.013% | $447 | $28K | 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