data as of
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Price arb /

SP500

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Spread before costs (cost unknown: a leg has no order-book sample)+0.405%
7d average+0.128%if it closes, per $10,000$41funding while held, a day+$0.96
Long on Variational OmniShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni US5007,744.60get 0.0000% / 8h5h 08m$17.6M$11.4M—
ShortExtended SPX500m-USD7,7760.0032get 0.0004% / 1h8m 43s$3.2M$15.3M25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$40.53
Funding while held
$0.96
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$36.49
Spread needed to break even
0.050%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Extended: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0032%
Per $10,000 a day
+$0.96
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 2 min ago1.89 bpdoesn't fit3.0 bp −$309.4 bp −$938doesn't fit
Sell Extended live order book, 2 min ago0.84 bp3.3 bp −$36.9 bp −$6919.9 bp −$1,994doesn't fit

SP500 price on every exchange

against the cheapest. Click to use as the short leg.
Injective6,965.3cheapest
Variational Omni7,744.6+11.189%
Markets by Kinetiq7,745.8+11.206%Bitget7,761.6+11.432%Aftermath Perps7,767.4+11.515%OKX7,770.4+11.559%Paradex7,772.1+11.583%Pacifica7,772.7+11.592%Lighter7,773.2+11.599%Polymarket Perps7,773.4+11.602%Popdex7,773.8+11.608%QFEX7,774.6+11.619%SoDEX7,774.8+11.622%Bullet7,774.9+11.623%tradeXYZ7,775+11.625%
Extended7,776+11.639%
Ondo Perps7,776.5+11.646%Vest7,840+12.558%

SP500 on 18 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective US500/USDC PERP−10.063%−0.0220%1h$6K$10452xas long as short
Variational Omni US500long0.000%0.0000%8h$17.6M$11.4M—
Markets by Kinetiq mkts:US500+0.015%+0.0046%1h$1.4M$7.8M25xas long as short
Bitget SP500USDT+0.219%0.0000%8h$7.2M$732K50xas long as short
Aftermath Perps US500USD+0.294%+0.0300%1h$459$17K10xas long as short
OKX US500-USDT-SWAP+0.333%0.0000%8h$153K$299K20xas long as short
Paradex US500-USD-PERP+0.354%+0.0050%8h$43K—5xas long as short
Pacifica SP500+0.363%+0.0100%1h$267K$164K20xas long as short
Lighter US500+0.369%+0.0032%1h$2.8M$26.4M50xas long as short
Polymarket Perps SP500-USD+0.372%+0.0050%1h$7.6M$1.5M50xas long as short
Show all 18 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Popdex US500USDT+0.377%+0.0048%1h$545K$220K20xas long as short
QFEX US500-USD+0.387%+0.0008%1h$11.7M$3.1M30xas long as short
SoDEX US500-USD+0.390%+0.0050%1h$1.1M$85K20xas long as short
Bullet US500-USD+0.391%0.0000%1h$14K$109K10xas long as short
tradeXYZ xyz:SP500+0.392%+0.0050%1h$437.5M$256.0M50xas long as short
Extended SPX500m-USDshort+0.405%+0.0032%1h$3.2M$15.3M25x
Ondo Perps US500-USD.P+0.411%+0.0050%1h$9.6M$5.8M25xas long as short
Vest SPX-USD-PERP+1.232%+0.0046%1h—$3.6M50xas long as short