Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: MEXC against ApeX Omni−0.341%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.301%−$30 · spread now −0.341%, 7d avg −0.026%

Together, before fees−0.310%−$31 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 0.315% cheaper against ApeX Omni than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SPXUSDT	0.4980	0.0100	pay 0.0013% / 1h	9m 11s	$45K	$247K	25x
Short	MEXC SPX_USDT	0.4963	0.0100	get 0.0050% / 4h	1h 09m	$11.2M	$4.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now −0.341%Rate

Funding earned: $0
Price spread: −0.341% → −0.026%: −$31.49
Slippage, 4 orders: −$40.17
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$85.66
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; MEXC: live order book, 4 min ago.

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 ApeX Omni live order book, 7 min ago	9.04 bp	17.6 bp −$18	97.2 bp −$972	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.01 bp	7.6 bp −$8	30.1 bp −$301	154.1 bp −$15.4K	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
Kraken Futures PF_SPXUSD	−0.1264%	1h	0.4961	−0.385%	$231K	$555K	20x	as long as short
Variational Omni SPX	−0.0007%	4h	0.4983	+0.057%	$840K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.020%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.4964	−0.321%	$114K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.4964	−0.323%	$9.6M	$7.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.4964	−0.323%	$125K	$107K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.4965	−0.303%	$4.9M	$20.6M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.4960	−0.402%	$11.5M	$15.8M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.4964	−0.321%	$970K	$2.7M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.4958	−0.442%	$1.0M	$494K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDTshort	+0.0100%	4h	0.4963	−0.341%	$11.2M	$4.7M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.4964	−0.321%	$3.7M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.4963	−0.341%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.4964	−0.321%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDTlong	+0.0100%	1h	0.4980	long leg	$45K	$247K	25x
Orderly PERP_SPX_USDC	+0.0100%	4h	0.4970	−0.201%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.4953	−0.542%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.4961	−0.382%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.4957	−0.462%	$250K	$939K	75x	as long as short