Funding arb · Price arb /

SPX

all SPX markets

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: Bitget against MEXC+0.059%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.087%+$9 · spread now +0.059%, 7d avg −0.022%

Together, before fees+0.087%+$9 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: Bitget is 0.082% dearer against MEXC than usual: you sell high and buy low, +$8 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	MEXC SPX_USDT	0.5058	0.0100	pay 0.0050% / 4h	3h 18m	$11.2M	$4.8M	100x
Short	Bitget SPXUSDT	0.5061	0.0100	get 0.0050% / 4h	3h 18m	$2.6M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.022%: $8.15
Slippage, 4 orders: −$57.28
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.12
Costs to cover: 0.733%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bitget: 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 MEXC live order book, 5 min ago	2.95 bp	11.6 bp −$12	30.9 bp −$309	130.6 bp −$13.1K	doesn't fit
Sell Bitget live order book, 4 min ago	10.83 bp	21.9 bp −$22	56.1 bp −$561	doesn't fit	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	−0.0032%	4h	0.5063	+0.102%	$844K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.562%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5060	+0.034%	$116K	$323K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5062	+0.079%	$9.9M	$7.7M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5066	+0.158%	$128K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5059	+0.020%	$5.0M	$21.3M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5055	−0.059%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5053	−0.099%	$957K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5050	−0.158%	$1.0M	$518K	50x	as long as short
MEXC SPX_USDTlong	+0.0100%	4h	0.5058	long leg	$11.2M	$4.8M	100x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5053	−0.099%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDTshort	+0.0100%	4h	0.5061	+0.059%	$2.6M	$1.4M	50x
BingX SPX-USDT	+0.0100%	4h	0.5052	−0.119%	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5072	+0.277%	$46K	$247K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5077	+0.376%	$20K	$599	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5055	−0.059%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5055	−0.051%	$35K	$265K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5069	+0.217%	$253K	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0966%	1h	0.5071	+0.256%	$246K	$552K	20x	as long as short