SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.061%

Price spread now: MEXC against Variational Omni+0.213%7-day average +0.156% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.173%+$17 on $10k

Price spread, last 4 days (all we have)−2.348%−$235 · spread now +0.213%, 7d avg +0.156%

Together, before fees−2.175%+ Points / potential airdropVariational Omni: Active · farm board−$217 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.057% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPX	0.5112	0.0096	pay 0.0048% / 4h	2h 04m	$884K	$1.4M	—
Short	MEXC SPX_USDT	0.5123	0.0100	get 0.0050% / 4h	2h 04m	$11.6M	$4.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpOrdersPrice spread, now +0.213%Rate

Funding earned: $0.78
Price spread: +0.213% → +0.156%: $5.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $2.45
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; MEXC: live order book, 4 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, 5 min ago	8.88 bp	doesn't fit	68.1 bp −$681	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.93 bp	12.2 bp −$12	44.9 bp −$449	190.8 bp −$19.1K	doesn't fit

SPX on 18 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	−2.604%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5125	+0.262%	$138K	$358K	5x	as long as short
Variational Omni SPXlong	+0.0096%	4h	0.5112	long leg	$884K	$1.4M	—
Hyperliquid SPX	+0.0100%	1h	0.5130	+0.348%	$10.3M	$7.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5115	+0.060%	$130K	$111K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5128	+0.305%	$5.2M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5120	+0.154%	$11.6M	$16.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5123	+0.213%	$956K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5116	+0.076%	$1.0M	$557K	50x	as long as short
MEXC SPX_USDTshort	+0.0100%	4h	0.5123	+0.213%	$11.6M	$4.9M	100x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5119	+0.135%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5122	+0.194%	$2.7M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5123	+0.213%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5098	−0.276%	$46K	$243K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5111	−0.022%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5116	+0.083%	$34K	$258K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0138%	4h	0.5130	+0.350%	$20K	$599	10x	as long as short
Kraken Futures PF_SPXUSD	+0.1165%	1h	0.5127	+0.284%	$254K	$545K	20x	as long as short