Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget+0.057%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$610.609% of the position

Long on Bitget 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+0.109%+$11 · spread now +0.057%, 7d avg +0.021%

Together, before fees+0.109%+$11 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 0.036% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPXUSDT	0.5269	0.0100	pay 0.0050% / 4h	3h 24m	$2.7M	$1.4M	50x
Short	MEXC SPX_USDT	0.5272	0.0100	get 0.0050% / 4h	3h 24m	$10.9M	$5.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.021%: $3.57
Slippage, 4 orders: −$44.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$57.34
Costs to cover: 0.609%
Break-even: never at this rate

Slippage from Bitget: live order book, 7 min ago; MEXC: live order book, 2 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 Bitget live order book, 7 min ago	5.68 bp	22.4 bp −$22	63.1 bp −$631	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	4.74 bp	11.2 bp −$11	23.8 bp −$238	168.0 bp −$16.8K	doesn't fit

SPX on 19 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
Kraken Futures PF_SPXUSD	−0.0607%	1h	0.5266	−0.053%	$288K	$557K	20x	as long as short
Variational Omni SPX	−0.0039%	4h	0.5273	+0.083%	$968K	$1.6M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5275	+0.108%	$127K	$402K	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5272	+0.063%	$137K	$92K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5266	−0.049%	$5.5M	$23.7M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5268	−0.019%	$12.3M	$17.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5269	0.000%	$1.0M	$3.5M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5266	−0.057%	$1.1M	$688K	50x	as long as short
MEXC SPX_USDTshort	+0.0100%	4h	0.5272	+0.057%	$10.9M	$5.1M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5266	−0.057%	$3.8M	$5.5M	50x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDTlong	+0.0100%	4h	0.5269	long leg	$2.7M	$1.4M	50x
BingX SPX-USDT	+0.0100%	4h	0.5274	+0.095%	—	$7.0M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5282	+0.247%	$28K	$249K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5258	−0.209%	$9K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5264	−0.096%	$45K	$394K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0162%	4h	0.5280	+0.209%	$21K	$511	10x	as long as short
Hyperliquid SPX	+0.0197%	1h	0.5282	+0.237%	$11.0M	$8.4M	5x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5283	+0.266%	$268K	$979K	75x	as long as short
Injective SPX/USDC PERP	+0.0394%	1h	0.5201	−1.291%	$172	$4K	5.5x	as long as short