SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: MEXC against BloFin−0.231%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$38 on $10k

Price spread, last 4 days (all we have)+0.396%+$40 · spread now −0.231%, 7d avg −0.002%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.230% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPX-USDT	0.5188	0.0340	pay 0.0170% / 4h	3h 30m	$253K	$1.0M	75x
Short	MEXC SPX_USDT	0.5176	0.0100	get 0.0050% / 4h	3h 30m	$11.9M	$5.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now −0.231%Rate

Funding earned: −$50.4
Price spread: −0.231% → −0.002%: −$22.96
Slippage, 4 orders: −$50.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$139.68
Costs to cover: 0.663%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; MEXC: live order book, 2 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 BloFin live order book, 1 min ago	3.87 bp	23.5 bp −$23	41.6 bp −$416	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.93 bp	9.8 bp −$10	29.4 bp −$294	156.7 bp −$15.7K	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−4.029%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5174	−0.260%	$141K	$359K	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5175	−0.251%	$5.2M	$22.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5174	−0.270%	$11.8M	$16.9M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5167	−0.405%	$943K	$3.1M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5174	−0.270%	$1.0M	$583K	50x	as long as short
MEXC SPX_USDTshort	+0.0100%	4h	0.5176	−0.231%	$11.9M	$5.0M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5173	−0.289%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5183	−0.096%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5181	−0.135%	—	$6.9M	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPX	+0.0100%	4h	0.5176	−0.239%	$963K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5172	−0.308%	$26K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5160	−0.540%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5168	−0.386%	$36K	$250K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0208%	4h	0.5183	−0.096%	$21K	$599	10x	as long as short
Aster SPXUSDT	+0.0226%	4h	0.5172	−0.307%	$138K	$129K	10x	as long as short
Hyperliquid SPX	+0.0313%	1h	0.5177	−0.218%	$10.6M	$7.8M	5x	as long as short
BloFin SPX-USDTlong	+0.0340%	4h	0.5188	long leg	$253K	$1.0M	75x
Kraken Futures PF_SPXUSD	+0.1211%	1h	0.5196	+0.159%	$254K	$558K	20x	as long as short