Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.092%

Price spread now: Variational Omni against SunX+0.373%7-day average +0.001% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.169%−$17 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.373%, 7d avg +0.001%

Together, before fees−0.172%+ Points / potential airdropVariational Omni: Active · farm board−$17 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 0.372% dearer against SunX than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPX-USDT	0.5020	0.0100	pay 0.0050% / 4h	2h 16m	$8K	$1.6M	20x
Short	Variational Omni SPX	0.5039	0.0100	get 0.0050% / 4h	2h 16m	$877K	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.373%Rate

Funding earned: $0
Price spread: +0.373% → +0.001%: $37.2
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $29.2
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 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 SunX live order book, 9 min ago	501.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	6.95 bp	doesn't fit	66.5 bp −$665	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	−0.0413%	1h	0.5026	+0.126%	$233K	$560K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.817%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5034	+0.287%	$116K	$319K	5x	as long as short
Variational Omni SPXshort	+0.0100%	4h	0.5039	+0.373%	$877K	$1.3M	—
Hyperliquid SPX	+0.0100%	1h	0.5031	+0.219%	$9.8M	$7.2M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5034	+0.277%	$124K	$97K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5027	+0.139%	$5.0M	$19.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5026	+0.120%	$11.7M	$15.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5026	+0.120%	$975K	$2.6M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5033	+0.259%	$1.0M	$477K	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	0.5030	+0.199%	$11.5M	$4.6M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5030	+0.199%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5033	+0.259%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5031	+0.219%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5043	+0.458%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5036	+0.319%	$20K	$711	10x	as long as short
SunX SPX-USDTlong	+0.0100%	4h	0.5020	long leg	$8K	$1.6M	20x
Extended SPX-USD	+0.0104%	1h	0.5027	+0.147%	$34K	$226K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5037	+0.339%	$250K	$915K	75x	as long as short