SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.42 per $10,000 · paid last 24h −0.091%

Price spread now: Variational Omni against Gate−0.269%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 Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.168%−$17 on $10k

Price spread, last 3 days (all we have)+0.618%+$62 · spread now −0.269%, 7d avg −0.090%

Together, before fees+0.450%+ Points / potential airdropVariational Omni: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.178% cheaper against Gate than usual: you would sell low and buy high (−$18 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	Gate SPX_USDT	0.5096	0.0100	pay 0.0050% / 4h	3h 58m	$1.1M	$501K	50x
Short	Variational Omni SPX	0.5082	0.0017	get 0.0008% / 4h	3h 58m	$844K	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.269%Rate

Funding earned: −$17.46
Price spread: −0.269% → −0.090%: −$17.82
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$50.28
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; Variational Omni: RFQ quote, just now. 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 Gate live order book, 3 min ago	4.90 bp	74.3 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	6.89 bp	doesn't fit	48.2 bp −$482	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
Variational Omni SPXshort	+0.0017%	4h	0.5082	−0.269%	$844K	$1.3M	—
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.296%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5101	+0.108%	$131K	$303K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5104	+0.151%	$10.0M	$7.8M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5092	−0.069%	$129K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5099	+0.059%	$5.0M	$21.2M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5089	−0.137%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5097	+0.020%	$966K	$2.8M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5096	long leg	$1.1M	$501K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5096	0.000%	$11.2M	$4.7M	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	0.5097	+0.020%	$3.8M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5101	+0.098%	$2.7M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5099	+0.059%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5093	−0.059%	$46K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5107	+0.216%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5093	−0.059%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5100	+0.069%	$35K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5101	+0.098%	$248K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0958%	1h	0.5111	+0.286%	$248K	$558K	20x	as long as short