Funding you earn now, next payment 07:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h +0.041%
Price spread now: Variational Omni against QFEX−0.335%47s7-day average −0.159% · 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)+0.039%+$4 on $10k
+Price spread, last 7 days+0.285%+$29 · spread now −0.335%, 7d avg −0.159%
=Together, before fees+0.325%+ Points / potential airdropVariational Omni: Active · farm board+$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.176% cheaper against QFEX than usual: you would sell low and buy high (spread −0.335% now, against its 7-day average of −0.159%). If the spread goes back, that is −$18 on $10k: about 15 days of funding at the current rate (+$1 a day). The two prices were read 47 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 | QFEX US500-USD | 7,768.4 | −0.0039 | get 0.0005% / 1h | 43m 46s | $11.9M | $2.4M | 30x |
| Short | Variational Omni US500 | 7,742.4 | 0 | get 0.0000% / 8h | 1h 43m | $17.4M | $9.3M | — |
QFEX US500-USD
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- $8.11
- Price spread: −0.335% → −0.159%
- −$17.6
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.48
- Costs to cover
- 0.100%
- Break-even
- 23.8 days
Slippage unknown: QFEX: live order book, 5 min ago; Variational Omni: RFQ quote, just now. 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 QFEX live order book, 5 min ago | 1.61 bp | 7.8 bp −$8 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 1.89 bp | doesn't fit | 2.3 bp −$23 | 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 | −1.300% | $7K | $105 | 52x | as long as short |
| QFEX US500-USDlong | −0.0039% | 1h | 7,768.4 | long leg | $11.9M | $2.4M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768 | −0.005% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.9 | +0.019% | $7.2M | $775K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,742.4 | −0.335% | $17.4M | $9.3M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,768.3 | −0.002% | $12K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,768.1 | −0.004% | $2.0M | $28.4M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,770.2 | +0.023% | $3.2M | $14.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,740 | −0.366% | $1.6M | $7.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,835 | +0.857% | — | $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 | 7,769.5 | +0.014% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.3 | −0.014% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,769.2 | +0.010% | $430.6M | $235.2M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.6 | −0.023% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768.2 | −0.003% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.7 | +0.017% | $9.5M | $7.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.5 | +0.001% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0264% | 1h | 7,768.5 | +0.001% | $471 | $27K | 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