SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.042%

Price spread now: Variational Omni against BingX−0.349%7-day average −0.090% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+1.372%+$137 · spread now −0.349%, 7d avg −0.090%

Together, before fees+1.199%+ Points / potential airdropVariational Omni: Active · farm board+$120 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.259% cheaper against BingX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.090%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPX-USDT	0.5264	0.0100	pay 0.0050% / 4h	3h 05m	—	$7.0M	—
Short	Variational Omni SPX	0.5246	0.0051	get 0.0025% / 4h	3h 05m	$969K	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee Variational OmnibpOrdersPrice spread, now −0.349%Rate

Funding earned: −$10.29
Price spread: −0.349% → −0.090%: −$25.86
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$46.15
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; Variational Omni: RFQ quote, 4 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 BingX live order book, 8 min ago	8.59 bp	28.0 bp −$28	69.8 bp −$698	473.8 bp −$47.4K	1139.4 bp −$569.7K
Sell Variational Omni RFQ quote, 4 min ago	7.62 bp	doesn't fit	49.5 bp −$495	doesn't fit	doesn't fit

SPX on 19 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 SPX/USDC PERP	+0.0033%	1h	0.4979	−5.414%	$9	$4K	5.5x	as long as short
Variational Omni SPXshort	+0.0051%	4h	0.5246	−0.349%	$969K	$1.6M	—
Lighter SPX	+0.0096%	1h	0.5266	+0.047%	$145K	$406K	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5264	−0.004%	$141K	$90K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5262	−0.031%	$5.3M	$23.6M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5256	−0.152%	$12.1M	$17.7M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5253	−0.209%	$1.0M	$3.5M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5260	−0.076%	$1.1M	$660K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5261	−0.057%	$11.7M	$5.1M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5261	−0.057%	$3.8M	$5.5M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5264	0.000%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDTlong	+0.0100%	4h	0.5264	long leg	—	$7.0M	—
ApeX Omni SPXUSDT	+0.0100%	1h	0.5262	−0.038%	$27K	$249K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5252	−0.228%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5258	−0.122%	$47K	$302K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0119%	4h	0.5268	+0.076%	$21K	$540	10x	as long as short
Hyperliquid SPX	+0.0309%	1h	0.5273	+0.175%	$11.1M	$8.7M	5x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5257	−0.133%	$256K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1431%	1h	0.5276	+0.227%	$270K	$550K	20x	as long as short