Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: MEXC against ApeX Omni+0.155%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.560%−$56 · spread now +0.155%, 7d avg −0.023%

Together, before fees−0.570%−$57 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: MEXC is 0.178% dearer against ApeX Omni than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SPXUSDT	0.5148	0.0100	pay 0.0013% / 1h	26m 45s	$26K	$254K	25x
Short	MEXC SPX_USDT	0.5156	0.0100	get 0.0050% / 4h	1h 26m	$11.9M	$5.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now +0.155%Rate

Funding earned: $0
Price spread: +0.155% → −0.023%: $17.8
Slippage, 4 orders: −$40.09
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$36.29
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 15 min ago; MEXC: 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 ApeX Omni live order book, 15 min ago	7.74 bp	15.7 bp −$16	90.7 bp −$907	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.92 bp	10.8 bp −$11	25.9 bp −$259	126.2 bp −$12.6K	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	−3.283%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5168	+0.392%	$141K	$405K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5169	+0.404%	$10.5M	$8.3M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5152	+0.083%	$137K	$93K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5158	+0.187%	$5.2M	$23.7M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5152	+0.078%	$11.8M	$17.6M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5152	+0.078%	$976K	$3.4M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5143	−0.097%	$1.0M	$644K	50x	as long as short
MEXC SPX_USDTshort	+0.0100%	4h	0.5156	+0.155%	$11.9M	$5.3M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5146	−0.039%	$3.7M	$5.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5163	+0.291%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5158	+0.194%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5138	−0.192%	$956K	$1.5M	—	as long as short
ApeX Omni SPXUSDTlong	+0.0100%	1h	0.5148	long leg	$26K	$254K	25x
SunX SPX-USDT	+0.0100%	4h	0.5144	−0.078%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5155	+0.141%	$34K	$239K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0178%	4h	0.5158	+0.194%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5157	+0.175%	$258K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1603%	1h	0.5168	+0.385%	$255K	$553K	20x	as long as short