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: MEXC against Gate+0.218%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$330as in the Funding arb table

Net, price: spread back to 7d avg − costs−$317as in the Price arb table

costs, in and out, $10k−$3323.322% of the position

Long on Gate Short on MEXC

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−0.068%−$7 · spread now +0.218%, 7d avg +0.071%

Together, before fees−0.048%−$5 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 0.147% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5043	0.0100	pay 0.0050% / 4h	1h 09m	$1.0M	$560K	50x
Short	MEXC SPX_USDT	0.5054	0.0100	get 0.0050% / 4h	1h 09m	$11.9M	$4.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.218%Rate

Funding earned: $0
Price spread: +0.218% → +0.071%: $14.7
Slippage, 4 orders: −$313.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$317.48
Costs to cover: 3.322%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 4 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 Gate live order book, 2 min ago	5.96 bp	121.3 bp −$121	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.99 bp	8.2 bp −$8	24.3 bp −$243	130.6 bp −$13.1K	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	−1.269%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5052	+0.184%	$135K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5052	+0.188%	$10.2M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5044	+0.026%	$5.1M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5050	+0.139%	$11.5M	$16.2M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5055	+0.238%	$942K	$2.9M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5043	long leg	$1.0M	$560K	50x
MEXC SPX_USDTshort	+0.0100%	4h	0.5054	+0.218%	$11.9M	$4.8M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5045	+0.040%	$3.7M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5052	+0.178%	$2.6M	$1.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5052	+0.178%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5031	−0.247%	$882K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5037	−0.119%	$25K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5043	0.000%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5051	+0.162%	$33K	$250K	10x	as long as short
Aster SPXUSDT	+0.0130%	4h	0.5047	+0.082%	$128K	$111K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0147%	4h	0.5047	+0.079%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5042	−0.020%	$254K	$985K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1430%	1h	0.5045	+0.045%	$250K	$544K	20x	as long as short