SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.092%

Price spread now: Variational Omni against BingX−0.164%7-day average −0.082% · 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 3 days (all we have)−0.169%−$17 on $10k

Price spread, last 3 days (all we have)+0.832%+$83 · spread now −0.164%, 7d avg −0.082%

Together, before fees+0.663%+ Points / potential airdropVariational Omni: Active · farm board+$66 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 0.082% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPX-USDT	0.5017	0.0100	pay 0.0050% / 4h	2h 27m	—	$6.9M	—
Short	Variational Omni SPX	0.5009	0.0030	get 0.0015% / 4h	2h 27m	$842K	$1.3M	—

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

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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.164%Rate

Funding earned: −$14.7
Price spread: −0.164% → −0.082%: −$8.21
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.91
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 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 BingX live order book, 5 min ago	4.99 bp	25.5 bp −$26	63.4 bp −$634	457.9 bp −$45.8K	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.99 bp	doesn't fit	60.9 bp −$609	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
Kraken Futures PF_SPXUSD	−0.0414%	1h	0.5020	+0.054%	$232K	$560K	20x	as long as short
Variational Omni SPXshort	+0.0030%	4h	0.5009	−0.164%	$842K	$1.3M	—
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.757%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5033	+0.327%	$115K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5034	+0.335%	$9.9M	$7.2M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5023	+0.120%	$124K	$97K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5037	+0.399%	$5.0M	$19.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5031	+0.279%	$11.6M	$15.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5035	+0.359%	$979K	$2.6M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5021	+0.080%	$1.0M	$476K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5035	+0.359%	$11.5M	$4.5M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5031	+0.279%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5032	+0.299%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDTlong	+0.0100%	4h	0.5017	long leg	—	$6.9M	—
ApeX Omni SPXUSDT	+0.0100%	1h	0.5013	−0.080%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5028	+0.219%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5011	−0.120%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5033	+0.327%	$34K	$226K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5021	+0.080%	$251K	$911K	75x	as long as short