Funding you earn now, next payment 23:00 UTC+0.1287%/8h= +140.9% APRpaid last 24h −0.233%
Price spread now: Variational Omni against Kraken Futures−0.447%7-day average −0.237% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.410%−$41 on $10k
+Price spread, last 3 days (all we have)+0.411%+$41 · spread now −0.447%, 7d avg −0.237%
=Together, before fees+0.001%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.209% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.447% now, against its 7-day average of −0.237%). If the spread goes back, that is −$21 on $10k: about 13 hours of funding at the current rate (+$39 a day). Mind the row above: over the last 3 days funding on this pair cost −0.410%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.410% in total (about -45.6% 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 | 0.4980 | −0.1259 | get 0.0157% / 1h | 13m 18s | $232K | $554K | 20x |
| Short | Variational Omni SPX | 0.4958 | 0.0028 | get 0.0014% / 4h | 1h 13m | $836K | $1.3M | — |
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
- $270.28
- Price spread: −0.447% → −0.237%
- −$20.93
- 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
- $239.36
- Costs to cover
- 0.100%
- Break-even
- 0.8 days
Slippage unknown: Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago | 19.14 bp | 71.9 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 6.02 bp | doesn't fit | 50.2 bp −$502 | 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_SPXUSDlong | −0.1259% | 1h | 0.4980 | long leg | $232K | $554K | 20x | |
| Variational Omni SPXshort | +0.0028% | 4h | 0.4958 | −0.447% | $836K | $1.3M | — | |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −0.022% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.4985 | +0.088% | $115K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.4979 | −0.016% | $9.6M | $7.5M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.4986 | +0.117% | $125K | $107K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.4980 | −0.002% | $4.9M | $20.6M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.4973 | −0.143% | $11.5M | $15.8M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.4979 | −0.022% | $979K | $2.7M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.4981 | +0.018% | $1.0M | $491K | 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_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.4983 | +0.058% | $11.2M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.4981 | +0.018% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.4980 | −0.002% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.4979 | −0.022% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.4967 | −0.263% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.4987 | +0.138% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.4973 | −0.143% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.4977 | −0.062% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.4978 | −0.043% | $256K | $943K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT