SPX

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_SPXUSD	0.3422	+0.0753	pay 0.0094% / 1h	5m 29s	$166K	$96K	20x	Long Kraken Futures
SHORT	Variational OmniSPX	0.3413	+0.0100	get 0.0050% / 4h	1h 05m	$322K	$173K	50x	Short Variational Omni+15% pts

Price gap−0.242%

Funding gap−0.0653% /8h

Funding costs $20 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$40−0.0653% /8h now · paid −0.399% over the last 7D

Price$0spread −0.242% now, avg −0.245% → +0.003% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs−$40−0.40%+ Points / potential airdropVariational Omni: points · farm boardcosts unknown: book too thin at $10k ·

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.399% in total, about −0.0190%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.242%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SPX on 20 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size1473.0 / 45.5 bp
At $10k entering Kraken Futures costs 1473.0 bp, fee and slippage, 32.4× Variational Omni’s.
Note: Margin at max leverage$500 + $200
Kraken Futures 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$19.59Long Kraken Futures: 24 payments, −$22.59; short Variational Omni: 6 payments, +$3.00.
Note: Gap at its usual level−0.242% vs −0.245%
The price leg adds little either way.
Watch: Long leg is thinner$166K vs $322K OI
Kraken Futures sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCKraken Futures Yes · Variational Omni No
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Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0190%/8h × 21 periods−$39.93

Price spread−0.242% → −0.245% (7d avg)+$0.25

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Kraken Futures bp × 2 orders−$10.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: Kraken Futures: live order book, 45 min ago; Variational Omni: RFQ quote, 46 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures21.921473.0 bp−$1,473doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTVariational Omni7.3445.5 bp−$4680.8 bp−$808doesn’t fitdoesn’t fit

Closing costs about the same again.

SPX news

posts that mention SPX, from every exchange

10-29 01:05	MEXC	Listing	SPX_USDC no longer reported ($SPX) seen by our collector
10-12 18:49	Aftermath Perps	Listing	new market SPXUSD ($SPX) seen by our collector
09-24 09:32	ApeX Omni	Listing	5 up, 81 down on the ApeX board. Median name -6.6%. litecoin:native +9.2% is the only real bid, riding the old-coin rotation that took bitcoin-cash:native up 30% this week after CME said it will list Bitcoin Cash futures on 19 Oct. $SPX -14.1% is the extreme. @OfficialApeXdex on X ↗

SPX