SPX

Alert

Funding spread now, next payment 16:00 UTC+0.0279%/8h

next payment, per $10,000+$1.39paid, last 24h+0.091%paid, last 3 days+0.195%to open and closeno order book

Long on Variational Omni Short on Orderly

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPX	0.5027	−0.0179	get 0.0089% / 4h	20m 41s	$820K	$400K	—
Short	Orderly PERP_SPX_USDC	0.5060	0.0100	get 0.0050% / 4h	20m 41s	$20K	$200	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee OrderlybpOrdersRate

Funding earned: $58.52
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $52.52
Break-even: 0.7 days

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.655%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 30 min ago	6.78 bp	doesn't fit	53.2 bp −$532	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPX on 19 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni SPXlong	−0.0179%	4h	$820K	$400K	—
KuCoin SPXUSDTM	−0.0096%	4h	$3.8M	$5.0M	50x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	$9	$4K	5.5x	as long as short
Gate SPX_USDT	+0.0050%	4h	$1.0M	$379K	50x	as long as short
Lighter SPX	+0.0096%	1h	$116K	$241K	5x	as long as short
Bybit SPXUSDT	+0.0098%	4h	$11.7M	$11.4M	50x	as long as short
Hyperliquid SPX	+0.0100%	1h	$8.7M	$4.9M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	$133K	$79K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	$4.8M	$13.8M	75x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	$996K	$2.0M	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	$9.3M	$4.2M	100x	as long as short
Bitget SPXUSDT	+0.0100%	4h	$2.6M	$1.1M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	$49K	$247K	25x	as long as short
Orderly PERP_SPX_USDCshort	+0.0100%	4h	$20K	$200	10x
SunX SPX-USDT	+0.0100%	4h	$8K	$1.3M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	$34K	$208K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	$266K	$879K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0857%	1h	$253K	$301K	20x	as long as short