SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0122%/8h= +13.3% APRnext payment +$0.61 per $10,000 · paid last 24h +0.092%

Price spread now: MEXC against Variational Omni+0.259%7-day average +0.156% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

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)−1.263%−$126 · spread now +0.259%, 7d avg +0.156%

Together, before fees−1.094%+ Points / potential airdropVariational Omni: Active · farm board−$109 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.103% dearer against Variational Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPX	0.5000	−0.0022	get 0.0011% / 4h	2h 49m	$844K	$1.3M	—
Short	MEXC SPX_USDT	0.5013	0.0100	get 0.0050% / 4h	2h 49m	$11.5M	$4.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.259%Rate

Funding earned: $25.59
Price spread: +0.259% → +0.156%: $10.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $31.92
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; MEXC: live order book, 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 Variational Omni RFQ quote, 4 min ago	4.99 bp	doesn't fit	58.8 bp −$588	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.00 bp	9.6 bp −$10	26.4 bp −$264	158.8 bp −$15.9K	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	−0.0414%	1h	0.5013	+0.251%	$230K	$560K	20x	as long as short
Variational Omni SPXlong	−0.0022%	4h	0.5000	long leg	$844K	$1.3M	—
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.420%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5016	+0.327%	$116K	$318K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5021	+0.415%	$9.8M	$7.1M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5017	+0.339%	$123K	$97K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5014	+0.271%	$5.0M	$19.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5009	+0.179%	$11.6M	$15.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5008	+0.159%	$977K	$2.6M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5013	+0.259%	$1.0M	$476K	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_USDTshort	+0.0100%	4h	0.5013	+0.259%	$11.5M	$4.5M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5012	+0.239%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5017	+0.339%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5007	+0.139%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5016	+0.319%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5020	+0.399%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5009	+0.179%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5010	+0.192%	$34K	$227K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5012	+0.239%	$253K	$910K	75x	as long as short