Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.004%
Price spread now: Variational Omni against SoDEX−0.314%7-day average −0.255% · 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)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.314%, 7d avg −0.255%
=Together, before fees−0.069%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.059% cheaper against SoDEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.255%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX US500-USD | 7,759.7 | 0.0050 | pay 0.0006% / 1h | 16m 27s | $1.4M | $191K | 20x |
| Short | Variational Omni US500 | 7,735.4 | 0 | get 0.0000% / 8h | 6h 16m | $17.5M | $7.3M | — |
SoDEX US500-USD
Variational Omni US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against SoDEX. 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
- −$10.5
- Price spread: −0.314% → −0.255%
- −$5.87
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$24.37
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: live order book, just now; 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 SoDEX live order book, just now | 0.90 bp | 17.7 bp −$18 | 48.6 bp −$486 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 1.89 bp | doesn't fit | 2.6 bp −$26 | doesn't fit | doesn't fit |
SP500 on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps SP500-USD | −0.0076% | 1h | 7,759.6 | −0.001% | $9.3M | $5.1M | 50x | as long as short |
| QFEX US500-USD | −0.0052% | 1h | 7,761.4 | +0.022% | $9.9M | $3.3M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,762 | +0.030% | $137K | $235K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,764.5 | +0.062% | $7.2M | $546K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,735.4 | −0.314% | $17.5M | $7.3M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,761.6 | +0.024% | $14K | $104K | 10x | as long as short |
| Lighter US500 | +0.0024% | 1h | 7,759.1 | −0.008% | $2.0M | $29.0M | 50x | as long as short |
| tradeXYZ xyz:SP500 | +0.0027% | 1h | 7,761.7 | +0.026% | $424.2M | $237.0M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,763.7 | +0.051% | $3.2M | $10.1M | 25x | as long as short |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,658 | −1.311% | $7K | $101 | 52x | as long as short |
Polymarket Perps SP500-USD
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Bullet US500-USD
Lighter US500
tradeXYZ xyz:SP500
Extended SPX500m-USD
Injective US500/USDC PERPShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,732.2 | −0.354% | $1.5M | $8.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,829.8 | +0.903% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,763.2 | +0.045% | $624K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,760.7 | +0.012% | $43K | — | 5x | as long as short |
| SoDEX US500-USDlong | +0.0050% | 1h | 7,759.7 | long leg | $1.4M | $191K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,760 | +0.004% | $9.5M | $8.6M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,763.2 | +0.045% | $259K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0391% | 1h | 7,760.8 | +0.014% | $530 | $29K | 10x | as long as short |
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD