SPX

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniSPX	0.3415	+0.0100	pay 0.0050% / 4h	1h 10m	$323K	$173K	50x	Long Variational Omni+15% pts
SHORT	Kraken FuturesPF_SPXUSD	0.3415	+0.0755	get 0.0094% / 1h	10m 54s	$166K	$96K	20x	Short Kraken Futures

Price gap−0.006%58s

Funding gap+0.0655% /8h

Funding pays +$20 a day on $10k, but the gap is 0.251% under its 7d average: −$25 if it goes back, about 31 hours of funding. At the last 7 days' pace that is about 4.4 days.

If you open now and hold

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

Funding+$40+0.0655% /8h now · paid +0.399% over the last 7D

Price—spread −0.006%58s now · prices read too far apart to compare

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.399% in total, about +0.0190%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.006%

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

1 ok · 5 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than Kraken Futures’s order book right now.
Note: Margin at max leverage$200 + $500
Variational Omni 50x, Kraken Futures 20x. 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: +$19.64Long Variational Omni: 6 payments, −$3.00; short Kraken Futures: 24 payments, +$22.64.
Watch: Prices read 58 s apart−0.006% vs +0.246%
Part of this gap may be the market moving.
Watch: Short leg is thinner$166K vs $323K OI
Kraken Futures sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCVariational Omni No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0190%/8h × 21 periods+$39.93

Price spreadprices read too far apart to compare—

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Variational Omni bp × 2 orders$0.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k—

doesn’t fit the books at $10kprice spread not counted: prices read too far apart

Costs to cover—Break-even—

Slippage: Variational Omni: RFQ quote, 41 min ago; Kraken Futures: live order book, 39 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni7.3445.5 bp−$4680.8 bp−$808doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures21.92doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

SPX news

posts that mention SPX, from every exchange

10-29 01:05	MEXC	Listing	SPX_USDC no longer reported ($SPX) seen by our collector
10-12 18:49	Aftermath Perps	Listing	new market SPXUSD ($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