Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.019%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.033%−$3 · spread now +0.019%, 7d avg −0.004%

Together, before fees−0.033%−$3 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 0.024% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPXUSDT	0.5145	0.0100	pay 0.0050% / 4h	3h 24m	$5.1M	$23.9M	75x
Short	MEXC SPX_USDT	0.5146	0.0100	get 0.0050% / 4h	3h 24m	$11.7M	$5.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.004%: $2.37
Slippage, 4 orders: −$51.59
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$63.22
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; MEXC: live order book, 8 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 Binance live order book, 1 min ago	1.95 bp	19.7 bp −$20	63.5 bp −$635	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	2.94 bp	9.3 bp −$9	26.6 bp −$266	182.6 bp −$18.3K	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	−3.226%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0044%	4h	0.5118	−0.534%	$943K	$1.6M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5148	+0.058%	$142K	$406K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5159	+0.264%	$10.7M	$8.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5133	−0.239%	$137K	$93K	10x	as long as short
Binance SPXUSDTlong	+0.0100%	4h	0.5145	long leg	$5.1M	$23.9M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5136	−0.175%	$11.8M	$17.9M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5145	0.000%	$987K	$3.5M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5137	−0.155%	$1.0M	$651K	50x	as long as short
MEXC SPX_USDTshort	+0.0100%	4h	0.5146	+0.019%	$11.7M	$5.0M	100x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5141	−0.078%	$3.7M	$5.5M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5141	−0.078%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5141	−0.078%	—	$7.0M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5138	−0.136%	$26K	$249K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5150	+0.097%	$20K	$540	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5135	−0.194%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5143	−0.038%	$46K	$309K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5150	+0.097%	$252K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1463%	1h	0.5161	+0.319%	$264K	$557K	20x	as long as short