SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.073%

Price spread now: Variational Omni against Bybit−1.144%7-day average −0.008% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.122%−$12 on $10k

Price spread, last 3 days (all we have)+1.708%+$171 · spread now −1.144%, 7d avg −0.008%

Together, before fees+1.586%+ Points / potential airdropVariational Omni: Active · farm board+$159 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: Variational Omni is 1.136% cheaper against Bybit than usual: you would sell low and buy high, −$114 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPXUSDT	0.5062	0.0100	pay 0.0050% / 4h	1h 51m	$11.8M	$15.5M	50x
Short	Variational Omni SPX	0.5004	0.0098	get 0.0049% / 4h	1h 51m	$872K	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee Variational OmnibpOrdersPrice spread, now −1.144%Rate

Funding earned: −$0.33
Price spread: −1.144% → −0.008%: −$113.58
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$124.91
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 Bybit live order book, 2 min ago	0.99 bp	26.7 bp −$27	79.8 bp −$798	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.94 bp	doesn't fit	66.2 bp −$662	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
Kraken Futures PF_SPXUSD	−0.1234%	1h	0.5079	+0.341%	$235K	$559K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.640%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5083	+0.421%	$117K	$319K	5x	as long as short
Variational Omni SPXshort	+0.0098%	4h	0.5004	−1.144%	$872K	$1.3M	—
Hyperliquid SPX	+0.0100%	1h	0.5083	+0.415%	$9.9M	$7.3M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5096	+0.678%	$127K	$102K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5078	+0.316%	$5.1M	$19.9M	75x	as long as short
Bybit SPXUSDTlong	+0.0100%	4h	0.5062	long leg	$11.8M	$15.5M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5065	+0.059%	$981K	$2.7M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5091	+0.573%	$1.1M	$475K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5077	+0.296%	$11.5M	$4.6M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5092	+0.593%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5082	+0.395%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5077	+0.296%	—	$6.9M	—	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5089	+0.533%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5071	+0.178%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5078	+0.311%	$35K	$227K	10x	as long as short
ApeX Omni SPXUSDT	+0.0338%	1h	0.5057	−0.099%	$45K	$248K	25x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5079	+0.336%	$252K	$939K	75x	as long as short