SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.042%

Price spread now: Variational Omni against BingX−0.212%7-day average −0.090% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+1.235%+$123 · spread now −0.212%, 7d avg −0.090%

Together, before fees+1.062%+ Points / potential airdropVariational Omni: Active · farm board+$106 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 0.121% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.090%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPX-USDT	0.5127	0.0100	pay 0.0050% / 4h	3h 50m	—	$7.0M	—
Short	Variational Omni SPX	0.5116	0.0086	get 0.0043% / 4h	3h 50m	$950K	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.212%Rate

Funding earned: −$2.97
Price spread: −0.212% → −0.090%: −$12.13
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.1
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; Variational Omni: RFQ quote, 4 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 BingX live order book, 2 min ago	7.82 bp	23.6 bp −$24	55.7 bp −$557	577.7 bp −$57.8K	1309.4 bp −$654.7K
Sell Variational Omni RFQ quote, 4 min ago	7.85 bp	doesn't fit	54.9 bp −$549	doesn't fit	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.887%	$9	$4K	5.5x	as long as short
Variational Omni SPXshort	+0.0086%	4h	0.5116	−0.212%	$950K	$1.6M	—
Lighter SPX	+0.0096%	1h	0.5128	+0.027%	$141K	$405K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5125	−0.041%	$10.4M	$8.4M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5126	−0.016%	$137K	$93K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5123	−0.070%	$5.1M	$23.8M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5123	−0.078%	$11.8M	$17.8M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5123	−0.078%	$979K	$3.4M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5126	−0.020%	$1.0M	$642K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5126	−0.020%	$11.7M	$5.0M	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	0.5126	−0.020%	$3.7M	$5.5M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5131	+0.078%	$2.6M	$1.5M	50x	as long as short
BingX SPX-USDTlong	+0.0100%	4h	0.5127	long leg	—	$7.0M	—
ApeX Omni SPXUSDT	+0.0100%	1h	0.5115	−0.234%	$26K	$249K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5128	+0.020%	$20K	$599	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5117	−0.195%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5125	−0.035%	$33K	$299K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5129	+0.039%	$252K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1467%	1h	0.5148	+0.400%	$260K	$553K	20x	as long as short