SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.061%

Price spread now: Variational Omni against OKX−0.144%7-day average −0.013% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.173%−$17 on $10k

Price spread, last 3 days (all we have)+0.489%+$49 · spread now −0.144%, 7d avg −0.013%

Together, before fees+0.316%+ Points / potential airdropVariational Omni: Active · farm board+$32 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 0.131% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPX-USDT-SWAP	0.5048	0.0100	pay 0.0050% / 4h	2h 53m	$951K	$2.9M	20x
Short	Variational Omni SPX	0.5041	0.0099	get 0.0049% / 4h	2h 53m	$843K	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.144%Rate

Funding earned: −$0.25
Price spread: −0.144% → −0.013%: −$13.09
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 1 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 OKX live order book, 4 min ago	4.94 bp	43.4 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	7.97 bp	doesn't fit	65.8 bp −$658	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	−1.367%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5041	−0.139%	$116K	$338K	5x	as long as short
Variational Omni SPXshort	+0.0099%	4h	0.5041	−0.144%	$843K	$1.3M	—
Hyperliquid SPX	+0.0100%	1h	0.5058	+0.192%	$10.0M	$7.6M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5035	−0.260%	$127K	$111K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5050	+0.036%	$5.1M	$21.3M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5050	+0.040%	$11.4M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAPlong	+0.0100%	4h	0.5048	long leg	$951K	$2.9M	20x
Gate SPX_USDT	+0.0100%	4h	0.5049	+0.020%	$1.0M	$507K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5051	+0.059%	$11.2M	$4.8M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5052	+0.079%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5051	+0.059%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5050	+0.040%	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5077	+0.574%	$46K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5054	+0.119%	$20K	$599	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5009	−0.773%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5040	−0.162%	$33K	$261K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5046	−0.040%	$255K	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1183%	1h	0.5045	−0.050%	$245K	$551K	20x	as long as short