Funding you earn now, next payment 06:00 UTC+0.1351%/8h= +148.0% APRpaid last 24h +0.268%
Price spread now: Kraken Futures against Variational Omni+0.031%7-day average +0.241% · 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)+0.451%+$45 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.031%, 7d avg +0.241%
=Together, before fees+0.516%+ Points / potential airdropVariational Omni: Active · farm board+$52 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.210% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.241%). If the spread goes back, that is −$21 on $10k: about 12 hours of funding at the current rate (+$41 a day). At the pace of the last 4 days (+0.451% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.451% in total (about 46.2% 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 | Variational Omni SPX | 0.5063 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $933K | $1.5M | — |
| Short | Kraken Futures PF_SPXUSD | 0.5065 | 0.1451 | get 0.0181% / 1h | 31m 19s | $247K | $544K | 20x |
Variational Omni SPX
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- $283.8
- Price spread: +0.031% → +0.241%
- −$20.99
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $252.8
- Costs to cover
- 0.100%
- Break-even
- 0.8 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 17 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 Variational Omni RFQ quote, 3 min ago | 5.95 bp | doesn't fit | 81.3 bp −$813 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 44.99 bp | 67.5 bp −$67 | 171.9 bp −$1,719 | 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 | −1.663% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5060 | −0.067% | $138K | $380K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5055 | −0.158% | $10.3M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5056 | −0.146% | $135K | $130K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5055 | −0.162% | $5.0M | $22.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5049 | −0.281% | $11.5M | $17.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5049 | −0.281% | $928K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5051 | −0.241% | $1.0M | $600K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5056 | −0.143% | $11.9M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5054 | −0.182% | $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 | 0.5055 | −0.162% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5052 | −0.222% | — | $6.9M | — | as long as short |
| Variational Omni SPXlong | +0.0100% | 4h | 0.5063 | long leg | $933K | $1.5M | — | |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5046 | −0.340% | $26K | $255K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5046 | −0.340% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5053 | −0.208% | $33K | $257K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0168% | 4h | 0.5061 | −0.044% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5048 | −0.301% | $249K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDshort | +0.1451% | 1h | 0.5065 | +0.031% | $247K | $544K | 20x |
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT