Settings8H · net · $10k
My profile
Funding arb · Price arb / Crypto

SPX

All SPX markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Variational OmniSPX
0.3443+0.0100pay 0.0050% / 4h2h 10m$325K$184K50xLong Variational Omni+15% pts
SHORT
HyperliquidSPX
0.3452+0.0100get 0.0013% / 1h10m 55s$3.7M$1.9M5xShort Hyperliquid4% off
Price gap+0.235%
Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.023% under its 7d average: the price leg works against you, −$2 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$10.0000% /8h now · paid +0.008% over the last 7D
Price−$2spread +0.235% now, avg +0.258% → −0.023% if it goes back
Costs−$1291.290% of $10k · taker + slippage, in and out
Result−$131−1.31%+ Points / potential airdropVariational Omni: points · Hyperliquid: Season 2 · farm board

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.235%
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

2 ok · 4 to watch
  • Watch: Thin at this size52.4 / 17.6 bp
    At $10k entering Variational Omni costs 52.4 bp, fee and slippage, 3.0× Hyperliquid’s.
  • Note: Margin at max leverage$200 + $2,000
    Variational Omni 50x, Hyperliquid 5x. 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: $0.00Long Variational Omni: 6 payments, −$3.00; short Hyperliquid: 24 payments, +$3.00.
  • Watch: Gap narrower than usual+0.235% vs +0.258%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$325K vs $3.7M OI
    Variational Omni sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points · Hyperliquid Season 2
    Volume here counts toward the points program.
  • OK: No KYC on either legVariational Omni No · Hyperliquid 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+0.0004%/8h × 21 periods+$0.80
Price spread+0.235% → +0.258% (7d avg)−$2.32
Slippage, 4 orderslive order books−$120.02
Fee Variational Omni bp × 2 orders$0.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$130.54
Costs to cover1.290%Break-even1146.0 days
Slippage: Variational Omni: RFQ quote, 46 min ago; Hyperliquid: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGVariational Omni7.2852.4 bp−$5291.7 bp−$917doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid3.3417.6 bp−$1872.8 bp−$728doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

SPX news

posts that mention SPX, from every exchange
10-29 01:05MEXCListingSPX_USDC no longer reported ($SPX) seen by our collector
10-12 18:49Aftermath PerpsListingnew market SPXUSD ($SPX) seen by our collector
09-24 09:32ApeX OmniListing5 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 ↗