Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h −0.040%
Price spread now: Bullet against Variational Omni+0.301%7-day average +0.253% · 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)−0.040%−$4 on $10k
+Price spread, last 3 days (all we have)+0.064%+$6 · spread now +0.301%, 7d avg +0.253%
=Together, before fees+0.024%+ Points / potential airdropVariational Omni: Active · farm board+$2 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: Bullet is 0.049% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.253%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni US500 | 7,744.2 | 0 | get 0.0000% / 8h | 4h 04m | $17.5M | $11.3M | — |
| Short | Bullet US500-USD | 7,767.5 | 0 | get 0.0000% / 1h | 4m 57s | $13K | $108K | 10x |
Variational Omni US500
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Variational Omni. 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: +0.301% → +0.253%
- $4.85
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$3.15
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bullet: live order book, 28 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 Variational Omni RFQ quote, 4 min ago | 1.89 bp | doesn't fit | 1.9 bp −$19 | 8.4 bp −$836 | doesn't fit |
| Sell Bullet live order book, 28 min ago | 0.51 bp | 6.3 bp −$6 | 20.3 bp −$203 | 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 | 7,671.7 | −0.936% | $7K | $105 | 52x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,773.9 | +0.383% | $154K | $302K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.4 | +0.325% | $7.2M | $800K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,744.2 | long leg | $17.5M | $11.3M | — | |
| Bullet US500-USDshort | 0.0000% | 1h | 7,767.5 | +0.301% | $13K | $108K | 10x | |
| QFEX US500-USD | +0.0012% | 1h | 7,768 | +0.307% | $11.7M | $3.1M | 30x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.6 | +0.276% | $2.7M | $27.3M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.4 | +0.313% | $3.2M | $15.7M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.9 | +1.145% | — | $3.6M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,768.2 | +0.310% | $545K | $221K | 20x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
QFEX US500-USD
Lighter US500
Extended SPX500m-USD
Vest SPX-USD-PERP
Popdex US500USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.7 | +0.277% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768.4 | +0.312% | $438.1M | $263.1M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.8 | +0.279% | $7.6M | $1.5M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.1 | +0.296% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.5 | +0.326% | $9.5M | $6.0M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.8 | +0.317% | $267K | $165K | 20x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0102% | 1h | 7,741.4 | −0.036% | $1.6M | $8.0M | 25x | as long as short |
| Aftermath Perps US500USD | +0.0349% | 1h | 7,768.3 | +0.311% | $498 | $18K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Markets by Kinetiq mkts:US500
Aftermath Perps US500USD