DAX
^GDAXI^GDAXIUpdated 05:04:47 · refreshes every 60s
Implied Opening Price
26,333.55▼
−33.69−0.13%
1σ 26,067.64 – 26,599.47VIX 16.0%
Spot vs Implied Open
Cost-of-Carry Model
Full methodology →Model Inputs
| Variable | Value |
|---|---|
| Futures Price (F) | 26,367.24 |
| Spot Price (S) | 26,367.24 |
| Risk-Free Rate (r) | 2.19% |
| Dividend Yield (q) | 0.00% |
| Time to Expiry (t) | 21.4d |
About this projection
The DAX implied open is derived from the front-month DAX futures using the cost-of-carry fair-value model: the futures price is discounted by the EUR risk-free rate alone — as a total-return index, DAX reinvests dividends, so no dividend adjustment applies.
The Frankfurt cash session runs 9:00–17:30 local time; the projection tracks where DAX will open when it begins. The 1σ band around the projection is sized from the VDAX 30-day implied-volatility index, and the number refreshes continuously while futures trade overnight.
This is not financial advice.← Back
