SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0048%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.036%

Price spread now: KuCoin against Variational Omni+0.980%7-day average +0.100% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.155%+$16 on $10k

Price spread, last 4 days (all we have)−1.954%−$195 · spread now +0.980%, 7d avg +0.100%

Together, before fees−1.798%+ Points / potential airdropVariational Omni: Active · farm board−$180 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.880% dearer against Variational Omni than usual: you sell high and buy low: +$88 more if the spread goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPX	0.5087	0.0052	pay 0.0026% / 4h	3h 27m	$946K	$1.6M	—
Short	KuCoin SPXUSDTM	0.5137	0.0100	get 0.0050% / 4h	3h 27m	$3.7M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now +0.980%Rate

Funding earned: $10.07
Price spread: +0.980% → +0.100%: $87.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $86.06
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; KuCoin: live order book, 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 Variational Omni RFQ quote, 2 min ago	4.89 bp	doesn't fit	59.6 bp −$596	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	0.98 bp	88.0 bp −$88	311.2 bp −$3,112	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	−2.126%	$9	$4K	5.5x	as long as short
Variational Omni SPXlong	+0.0052%	4h	0.5087	long leg	$946K	$1.6M	—
Lighter SPX	+0.0096%	1h	0.5142	+1.088%	$141K	$406K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5150	+1.241%	$10.7M	$8.6M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5130	+0.843%	$137K	$93K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5145	+1.137%	$5.1M	$23.9M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5133	+0.901%	$11.8M	$17.9M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5138	+0.999%	$988K	$3.5M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5136	+0.960%	$1.0M	$651K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5142	+1.078%	$11.7M	$5.0M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTMshort	+0.0100%	4h	0.5137	+0.980%	$3.7M	$5.5M	50x
Bitget SPXUSDT	+0.0100%	4h	0.5138	+0.999%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5138	+0.999%	—	$7.0M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5092	+0.095%	$26K	$249K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5142	+1.078%	$20K	$540	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5125	+0.744%	$9K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5138	+1.000%	$46K	$309K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5143	+1.098%	$254K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1464%	1h	0.5158	+1.390%	$264K	$557K	20x	as long as short