Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: MEXC against Injective−0.241%85s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. MEXC is 0.241% cheaper against Injective than usual: you would sell low and buy high (spread −0.241% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 12 days of funding at the current rate (+$2 a day). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SPX/USDC PERP | 0.4979 | 0.0033 | pay 0.0004% / 1h | 7m 45s | $9 | $4K | 5.5x |
| Short | MEXC SPX_USDT | 0.4967 | 0.0100 | get 0.0050% / 4h | 1h 07m | $11.2M | $4.7M | 100x |
Injective SPX/USDC PERP
MEXC SPX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Injective. 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
- $14
- Price spread: −0.241% → 0.000%
- −$24.1
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$14.12
- Costs to cover
- 0.040%
- Break-even
- 14.1 days
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 5 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 Injective no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 5 min ago | 3.01 bp | 7.6 bp −$8 | 30.1 bp −$301 | 154.1 bp −$15.4K | doesn't fit |
Injective: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.1263% | 1h | 0.4965 | −0.291% | $231K | $555K | 20x | as long as short |
| Variational Omni SPX | −0.0007% | 4h | 0.4983 | +0.077% | $840K | $1.3M | — | as long as short |
| Injective SPX/USDC PERPlong | +0.0033% | 1h | 0.4979 | long leg | $9 | $4K | 5.5x | |
| Lighter SPX | +0.0096% | 1h | 0.4972 | −0.145% | $114K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.4971 | −0.165% | $9.6M | $7.5M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.4974 | −0.103% | $125K | $107K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.4972 | −0.146% | $4.9M | $20.7M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.4969 | −0.201% | $11.5M | $15.8M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.4972 | −0.141% | $971K | $2.7M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.4967 | −0.241% | $1.0M | $494K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Variational Omni SPX
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDTshort | +0.0100% | 4h | 0.4967 | −0.241% | $11.2M | $4.7M | 100x | |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.4970 | −0.181% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.4966 | −0.261% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.4969 | −0.201% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.4980 | +0.020% | $45K | $247K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.4973 | −0.121% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.4962 | −0.341% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.4969 | −0.201% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.4957 | −0.442% | $250K | $939K | 75x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT