SPX

Alert: funding

Alert: spread

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

Price spread now: BloFin against MEXC+0.040%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 3 days (all we have)−0.257%−$26 · spread now +0.040%, 7d avg +0.005%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.035% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SPX_USDT	0.5019	0.0100	pay 0.0050% / 4h	2h 29m	$11.5M	$4.5M	100x
Short	BloFin SPX-USDT	0.5021	0.0340	get 0.0170% / 4h	2h 29m	$251K	$911K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $50.4
Price spread: +0.040% → +0.005%: $3.5
Slippage, 4 orders: −$36.92
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.98
Costs to cover: 0.529%
Break-even: 6.9 days

Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 57 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, 4 min ago	1.00 bp	10.4 bp −$10	35.9 bp −$359	183.3 bp −$18.3K	doesn't fit
Sell BloFin live order book, 57 min ago	2.93 bp	16.6 bp −$17	41.8 bp −$418	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
Kraken Futures PF_SPXUSD	−0.0414%	1h	0.5016	−0.065%	$232K	$560K	20x	as long as short
Variational Omni SPX	+0.0030%	4h	0.5009	−0.204%	$842K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.797%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5023	+0.072%	$115K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5023	+0.078%	$9.8M	$7.2M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5020	+0.020%	$124K	$97K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5019	−0.005%	$5.0M	$19.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5011	−0.159%	$11.6M	$15.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5020	+0.020%	$977K	$2.6M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5014	−0.100%	$1.0M	$476K	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_USDTlong	+0.0100%	4h	0.5019	long leg	$11.5M	$4.5M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5018	−0.020%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5020	+0.020%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5015	−0.080%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5013	−0.120%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5027	+0.159%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5013	−0.120%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5020	+0.018%	$34K	$226K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5021	+0.040%	$251K	$911K	75x