SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.061%

Price spread now: Variational Omni against OKX−0.323%7-day average −0.017% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+2.396%+$240 · spread now −0.323%, 7d avg −0.017%

Together, before fees+2.223%+ Points / potential airdropVariational Omni: Active · farm board+$222 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.306% cheaper against OKX than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPX-USDT-SWAP	0.5044	0.0100	pay 0.0050% / 4h	2h 42m	$950K	$2.9M	20x
Short	Variational Omni SPX	0.5028	0.0081	get 0.0040% / 4h	2h 42m	$841K	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.323%Rate

Funding earned: −$4.06
Price spread: −0.323% → −0.017%: −$30.59
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$44.65
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 1 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 OKX live order book, 4 min ago	2.98 bp	28.3 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	5.93 bp	doesn't fit	65.2 bp −$652	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	−1.289%	$9	$4K	5.5x	as long as short
Variational Omni SPXshort	+0.0081%	4h	0.5028	−0.323%	$841K	$1.3M	—
Lighter SPX	+0.0096%	1h	0.5068	+0.474%	$137K	$358K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5062	+0.349%	$10.1M	$7.7M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5066	+0.436%	$129K	$111K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5056	+0.231%	$5.1M	$21.4M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5048	+0.079%	$11.5M	$16.2M	50x	as long as short
OKX SPX-USDT-SWAPlong	+0.0100%	4h	0.5044	long leg	$950K	$2.9M	20x
Gate SPX_USDT	+0.0100%	4h	0.5053	+0.178%	$1.0M	$544K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5059	+0.297%	$11.2M	$4.8M	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	0.5055	+0.218%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5050	+0.119%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5049	+0.099%	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5038	−0.119%	$45K	$246K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5058	+0.278%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5046	+0.044%	$37K	$261K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0109%	4h	0.5074	+0.595%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5071	+0.535%	$257K	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1178%	1h	0.5068	+0.476%	$248K	$553K	20x	as long as short