SPX

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniSPX	0.3531	+0.0100	pay 0.0050% / 4h	3h 12m	$235K	$138K	50x	Long Variational Omni+15% pts
SHORT	GMXSPX6900/USD [ETH-USDC]	0.3538	L −0.0228S +0.0610	pay 0.0076% / 1h	12m 14s	$25K	$311K	50x	Short GMX5% off

Price gap+0.207%

Funding gap−0.0710% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $21 a day and eats that in about 5 hours.

If you open now and hold

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

Funding+$28−0.0710% /8h now · paid +0.275% over the last 7D

Price+$4spread +0.207% now, avg +0.167% → +0.040% if it goes back

Costsno datano order book for GMX

Result, before costs+$32+0.32%+ Points / potential airdropVariational Omni: points · farm boardcosts unknown: no order book for GMX · What the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.275% in total, about +0.0131%/8h on average.

Price and funding

1h · history

Price spread

Prices

Fundingper 8h

PRICE SPREAD · 7D

Now+0.207%

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 21 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

Note: Order book unknown—
No order-book sample for GMX: its slippage is not counted.
Note: Margin at max leverage$200 + $200
Variational Omni 50x, GMX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$21.29Long Variational Omni: 6 payments, −$3.00; short GMX: 24 payments, −$18.29.
OK: Entry gap works for you+0.207% vs +0.167%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$25K vs $235K OI
GMX sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
OK: No KYC on either legVariational Omni No · GMX No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0131%/8h × 21 periods+$27.51

Price spread+0.207% → +0.167% (7d avg)+$4.04

Slippage, 4 ordersno data for GMX—

Fee Variational Omni bp × 2 orders$0.00

Fee GMX bp × 2 orders−$12.00

Net, fees only · 7 days · $10k+$19.55

Costs to cover0.120%Break-even2.0 days

Slippage: Variational Omni: RFQ quote, 56 min ago; GMX: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni5.7137.1 bp−$3768.6 bp−$686doesn’t fitdoesn’t fit

SELL · SHORTGMX—————

Closing costs about the same again.
GMX: no data.

SPX news

posts that mention SPX, from every exchangeSearch all news →

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