SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.66 per $10,000 · paid last 24h +0.061%

Price spread now: Binance against Variational Omni+0.115%7-day average +0.164% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

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)−0.332%−$33 · spread now +0.115%, 7d avg +0.164%

Together, before fees−0.159%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.049% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.115% now, against its 7-day average of +0.164%). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPX	0.5063	−0.0032	get 0.0016% / 4h	3h 21m	$844K	$1.3M	—
Short	Binance SPXUSDT	0.5069	0.0100	get 0.0050% / 4h	3h 21m	$5.1M	$21.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.115%Rate

Funding earned: $27.72
Price spread: +0.115% → +0.164%: −$4.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $12.86
Costs to cover: 0.100%
Break-even: 3.8 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Binance: live order book, 5 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 Variational Omni RFQ quote, 3 min ago	6.89 bp	doesn't fit	60.0 bp −$600	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.98 bp	15.5 bp −$15	46.7 bp −$467	492.0 bp −$49.2K	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
Variational Omni SPXlong	−0.0032%	4h	0.5063	long leg	$844K	$1.3M	—
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.662%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5075	+0.240%	$127K	$314K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5071	+0.147%	$10.0M	$7.7M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5078	+0.284%	$128K	$110K	10x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5069	+0.115%	$5.1M	$21.3M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5068	+0.096%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5059	−0.082%	$960K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5069	+0.115%	$1.0M	$516K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5070	+0.135%	$11.4M	$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	0.5071	+0.155%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5079	+0.313%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5082	+0.372%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5091	+0.550%	$46K	$247K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5077	+0.273%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5060	−0.063%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5067	+0.082%	$36K	$265K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5069	+0.115%	$252K	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0965%	1h	0.5076	+0.254%	$246K	$552K	20x	as long as short