Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.011%
Price spread now: Variational Omni against Markets by Kinetiq+0.047%7-day average +0.074% · 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)−0.046%−$5 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now +0.047%, 7d avg +0.074%
=Together, before fees−0.017%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.028% cheaper against Markets by Kinetiq than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,738.5 | 0.0046 | pay 0.0006% / 1h | 13m 20s | $1.6M | $7.0M | 25x |
| Short | Variational Omni US500 | 7,742.1 | 0 | get 0.0000% / 8h | 6h 13m | $17.2M | $9.0M | — |
Markets by Kinetiq mkts:US500
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Markets by Kinetiq. 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
- −$9.59
- Price spread: +0.047% → +0.074%
- −$2.77
- Slippage, 4 orders
- no order book: not counted
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$13.98
- Costs to cover
- 0.016%
- Break-even
- never at this rate
Slippage unknown: Markets by Kinetiq: live order book, 4 min ago; Variational Omni: RFQ quote, 1 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 Markets by Kinetiq live order book, 4 min ago | 0.06 bp | 1.9 bp −$2 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 1.89 bp | doesn't fit | 2.0 bp −$20 | 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 | 7,666.3 | −0.933% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0031% | 1h | 7,768.8 | +0.392% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.9 | +0.354% | $152K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.4 | +0.412% | $7.2M | $762K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,742.1 | +0.047% | $17.2M | $9.0M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,766.7 | +0.365% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.9 | +0.354% | $2.2M | $28.8M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.2 | +0.384% | $3.2M | $15.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,738.5 | long leg | $1.6M | $7.0M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.3 | +1.211% | — | $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
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 | 7,768.8 | +0.392% | $545K | $448K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.5 | +0.349% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.7 | +0.364% | $431.8M | $242.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.4 | +0.348% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.7 | +0.364% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769 | +0.394% | $9.5M | $7.3M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,767.9 | +0.380% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0325% | 1h | 7,766 | +0.356% | $459 | $22K | 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