Funding you earn now, next payment 16:00 UTC+0.0371%/8h= +40.6% APRnext payment +$3.71 per $10,000 · paid last 24h +0.057%
Price spread now: MEXC against Orderly+0.088%7-day average +0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.088%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and MEXC is 0.050% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.71 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPX500_USDC | 7,764 | −0.0293 | get 0.0293% / 8h | 4h 50m | $361K | $125K | 20x |
| Short | MEXC SPX500_USDT | 7,770.8 | 0.0078 | get 0.0078% / 8h | 4h 50m | $73.9M | $46.6M | 200x |
Orderly PERP_SPX500_USDC
MEXC SPX500_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $77.84
- Price spread: +0.088% → +0.038%
- $5.04
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $76.89
- Costs to cover
- 0.060%
- Break-even
- 0.1 days
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 2 min ago | 0.19 bp | 0.3 bp $0 | 0.4 bp −$4 | 2.2 bp −$219 | 86.1 bp −$43.1K |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SPX500 on 5 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SPX500_USDClong | −0.0293% | 8h | 7,764 | long leg | $361K | $125K | 20x | |
| Gate SPX500_USDT | −0.0200% | 8h | 7,752 | −0.154% | $1.7M | $75K | 100x | as long as short |
| SunX SPX500-USDT | +0.0050% | 1h | 7,709.5 | −0.701% | $2K | $1.6M | 20x | as long as short |
| HTX SPX500-USDT | +0.0050% | 1h | 7,760.6 | −0.043% | $499K | $244K | 30x | as long as short |
| MEXC SPX500_USDTshort | +0.0078% | 8h | 7,770.8 | +0.088% | $73.9M | $46.6M | 200x |
Gate SPX500_USDT
SunX SPX500-USDT
HTX SPX500-USDT