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 −0.001%

Price spread now: Gate against MEXC+0.020%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1811.814% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.115%−$12 · spread now +0.020%, 7d avg −0.070%

Together, before fees−0.136%−$14 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: Gate is 0.089% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SPX_USDT	0.5102	0.0100	pay 0.0050% / 4h	3h 41m	$11.2M	$4.7M	100x
Short	Gate SPX_USDT	0.5103	0.0100	get 0.0050% / 4h	3h 41m	$1.1M	$510K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.070%: $8.94
Slippage, 4 orders: −$162.42
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$172.48
Costs to cover: 1.814%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 1 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, 2 min ago	4.90 bp	12.5 bp −$13	24.5 bp −$245	140.7 bp −$14.1K	doesn't fit
Sell Gate live order book, 1 min ago	6.86 bp	76.4 bp −$76	doesn't fit	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.411%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0057%	4h	0.5097	−0.104%	$848K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5105	+0.057%	$127K	$314K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5103	+0.018%	$10.0M	$7.9M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5099	−0.053%	$129K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5102	+0.006%	$5.1M	$21.2M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5098	−0.078%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5100	−0.039%	$968K	$2.8M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.5103	+0.020%	$1.1M	$510K	50x
MEXC SPX_USDTlong	+0.0100%	4h	0.5102	long leg	$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	0.5101	−0.020%	$3.8M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5101	−0.020%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5099	−0.059%	—	$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	0.5111	+0.176%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5091	−0.216%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5099	−0.050%	$33K	$276K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5109	+0.137%	$250K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0958%	1h	0.5111	+0.186%	$248K	$555K	20x	as long as short