Funding arb · Price arb /

SPX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.020%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1021.019% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.127%−$13 · spread now −0.020%, 7d avg +0.022%

Together, before fees−0.127%−$13 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 0.042% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPXUSDT	0.5102	0.0100	pay 0.0050% / 4h	3h 42m	$2.7M	$1.5M	50x
Short	MEXC SPX_USDT	0.5101	0.0100	get 0.0050% / 4h	3h 42m	$11.2M	$4.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.022%: −$4.18
Slippage, 4 orders: −$85.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$106.12
Costs to cover: 1.019%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 5 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 Bitget live order book, 5 min ago	10.85 bp	39.5 bp −$39	104.9 bp −$1,049	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.98 bp	10.6 bp −$11	22.7 bp −$227	138.9 bp −$13.9K	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
Variational Omni SPX	+0.0033%	4h	0.5072	−0.594%	$839K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.411%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5104	+0.049%	$127K	$314K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5104	+0.033%	$10.0M	$7.9M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5094	−0.153%	$129K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5105	+0.059%	$5.1M	$21.2M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5102	0.000%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5103	+0.020%	$969K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5097	−0.098%	$1.1M	$509K	50x	as long as short
MEXC SPX_USDTshort	+0.0100%	4h	0.5101	−0.020%	$11.2M	$4.7M	100x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5102	0.000%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDTlong	+0.0100%	4h	0.5102	long leg	$2.7M	$1.5M	50x
BingX SPX-USDT	+0.0100%	4h	0.5104	+0.039%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5084	−0.353%	$46K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5099	−0.059%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5090	−0.235%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5102	−0.001%	$33K	$270K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5102	0.000%	$250K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0960%	1h	0.5105	+0.052%	$248K	$555K	20x	as long as short