DAX
^GDAXIUpdated 09:43:26 UTC · refreshes every 60s
Implied Opening Price
25,241.44▼
−4.08−0.02%
1σ 24,953.96 – 25,528.93VIX 18.1%
Spot vs Implied Open
Cost-of-Carry Model
Full methodology →Model Inputs
| Variable | Value | Source |
|---|---|---|
| Futures Price (F) | 25,355.00 | |
| Spot Price (S) | 25,245.52 | ^GDAXI |
| Risk-Free Rate (r) | 2.44% | €STR (euro short-term rate) |
| Dividend Yield (q) | 0.00% | Yahoo Finance ETF |
| Time to Expiry (t) | 67.2d | Dec 18, 2026 |
About this instrument
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 estimates where DAX could open when it begins. The 1σ band around the projection is sized from the VDAX 30-day implied-volatility index, with source and quote age shown separately. The implied opening level is an estimate, not a guaranteed opening price.
This is not financial advice.← Back
