SP500

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−1.162%

7d average−1.097%if it closes, per $10,000$116funding while held, a day+$1.77

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SPX-USD-PERP	7,811.9	0.0046	pay 0.0006% / 1h	34m 45s	—	$3.5M	50x
Short	Variational Omni US500	7,721.1	0.0105	get 0.0105% / 8h	7h 34m	$17.4M	$11.6M	—

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee VestbpFee Variational OmnibpOrdersClose when spread is

Spread captured: −$116.2
Funding while held: $1.77
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$116.44
Spread needed to break even: 0.020%

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0059%
Per $10,000 a day: +$1.77
Average in range /8h: —

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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	1.89 bp	doesn't fit	1.9 bp −$19	7.1 bp −$708	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SP500 price on every exchange

against the cheapest. Click to use as the short leg.

Injective6,944.4cheapest

Markets by Kinetiq7,717+11.126%

Variational Omni7,721.1+11.185%

Aftermath Perps7,741.9+11.485%Bitget7,743.6+11.509%Lighter7,743.9+11.513%SoDEX7,743.9+11.513%Ondo Perps7,744.1+11.516%OKX7,744.2+11.517%Paradex7,744.8+11.525%Polymarket Perps7,745+11.529%Pacifica7,746.1+11.545%tradeXYZ7,746.2+11.546%QFEX7,746.2+11.546%Bullet7,746.2+11.546%Extended7,746.4+11.548%Popdex7,746.7+11.553%

Vest7,811.9+12.492%

SP500 on 18 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective US500/USDC PERP	−11.105%	−0.0220%	1h	$6K	$125K	52x	as long as short
Markets by Kinetiq mkts:US500	−1.215%	+0.0046%	1h	$1.7M	$7.5M	25x	as long as short
Variational Omni US500short	−1.162%	+0.0105%	8h	$17.4M	$11.6M	—
Aftermath Perps US500USD	−0.895%	+0.0300%	1h	$502	$14K	10x	as long as short
Bitget SP500USDT	−0.874%	0.0000%	8h	$7.3M	$720K	50x	as long as short
Lighter US500	−0.870%	+0.0032%	1h	$3.1M	$21.7M	50x	as long as short
SoDEX US500-USD	−0.870%	+0.0050%	1h	$1.1M	$87K	20x	as long as short
Ondo Perps US500-USD.P	−0.867%	+0.0050%	1h	$9.6M	$5.8M	25x	as long as short
OKX US500-USDT-SWAP	−0.866%	0.0000%	8h	$151K	$287K	20x	as long as short
Paradex US500-USD-PERP	−0.859%	+0.0050%	8h	$42K	—	5x	as long as short

Show all 18 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps SP500-USD	−0.856%	+0.0050%	1h	$7.6M	$1.7M	50x	as long as short
Pacifica SP500	−0.842%	+0.0100%	1h	$273K	$153K	20x	as long as short
tradeXYZ xyz:SP500	−0.841%	+0.0050%	1h	$434.2M	$229.7M	50x	as long as short
QFEX US500-USD	−0.841%	+0.0006%	1h	$11.7M	$2.9M	30x	as long as short
Bullet US500-USD	−0.841%	0.0000%	1h	$14K	$108K	10x	as long as short
Extended SPX500m-USD	−0.839%	+0.0032%	1h	$3.4M	$13.3M	25x	as long as short
Popdex US500USDT	−0.834%	+0.0048%	1h	$566K	$191K	20x	as long as short
Vest SPX-USD-PERPlong	0.000%	+0.0046%	1h	—	$3.5M	50x