Funding you earn now, next payment 07:00 UTC−0.1505%/8h= −164.8% APRpaid last 24h −0.268%
Price spread now: Variational Omni against Kraken Futures+0.303%7-day average −0.242% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.468%−$47 on $10k
+Price spread, last 4 days (all we have)−0.448%−$45 · spread now +0.303%, 7d avg −0.242%
=Together, before fees−0.916%+ Points / potential airdropVariational Omni: Active · farm board−$92 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.545% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.303% now, against its 7-day average of −0.242%): +$55 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 4 days (−0.468% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.468% in total (about -47.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SPXUSD | 0.5160 | 0.1605 | pay 0.0201% / 1h | 2m 02s | $256K | $555K | 20x |
| Short | Variational Omni SPX | 0.5176 | 0.0100 | get 0.0050% / 4h | 1h 02m | $1.0M | $1.6M | — |
Kraken Futures PF_SPXUSD
Variational Omni SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$316.07
- Price spread: +0.303% → −0.242%
- $54.52
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$271.55
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 41 min ago; Variational Omni: RFQ quote, 2 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 Kraken Futures live order book, 41 min ago | 37.89 bp | 61.3 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 5.80 bp | doesn't fit | 58.0 bp −$580 | 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 | −3.507% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5151 | −0.165% | $140K | $405K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5152 | −0.160% | $10.4M | $8.3M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5149 | −0.204% | $138K | $93K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5149 | −0.205% | $5.2M | $23.7M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5146 | −0.270% | $11.8M | $17.7M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5142 | −0.348% | $970K | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5145 | −0.289% | $1.0M | $653K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5150 | −0.193% | $11.8M | $5.4M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5148 | −0.231% | $3.7M | $5.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5150 | −0.193% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5145 | −0.289% | — | $6.9M | — | as long as short |
| Variational Omni SPXshort | +0.0100% | 4h | 0.5176 | +0.303% | $1.0M | $1.6M | — | |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5173 | +0.253% | $26K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5133 | −0.522% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5147 | −0.249% | $33K | $243K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0175% | 4h | 0.5154 | −0.115% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5153 | −0.134% | $257K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.1605% | 1h | 0.5160 | long leg | $256K | $555K | 20x |
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT