SPX

Alert

Funding spread now, next payment 16:00 UTC+0.0236%/8h

next payment, per $10,000+$1.18paid, last 24h+0.013%paid, last 7 days+0.013%to open and close $10k−$150

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPXUSDTM	0.5098	−0.0136	get 0.0068% / 4h	33m 57s	$3.8M	$4.9M	50x
Short	MEXC SPX_USDT	0.5107	0.0100	get 0.0050% / 4h	33m 57s	$9.4M	$4.2M	100x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersRate

Funding earned: $49.56
Slippage, 4 orders: −$133.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$99.98
Break-even: 21.1 days

Slippage from KuCoin: live order book, 10 min ago; MEXC: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.177%
Avg gap 7d: +0.028%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 KuCoin live order book, 10 min ago	1.94 bp	68.7 bp −$69	417.6 bp −$4,176	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	1.94 bp	9.4 bp −$9	41.2 bp −$412	149.5 bp −$14.9K	doesn't fit

SPX on 19 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni SPX	−0.0215%	4h	$880K	$354K	—	as long as short
KuCoin SPXUSDTMlong	−0.0136%	4h	$3.8M	$4.9M	50x
Injective SPX/USDC PERP	+0.0033%	1h	$9	$4K	5.5x	as long as short
Gate SPX_USDT	+0.0042%	4h	$1.0M	$374K	50x	as long as short
Bybit SPXUSDT	+0.0058%	4h	$12.2M	$10.7M	50x	as long as short
Lighter SPX	+0.0096%	1h	$119K	$239K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	$8.9M	$4.8M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	$134K	$79K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	$4.9M	$13.6M	75x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	$1.0M	$1.9M	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC SPX_USDTshort	+0.0100%	4h	$9.4M	$4.2M	100x
Bitget SPXUSDT	+0.0100%	4h	$2.7M	$1.0M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	$49K	$247K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	$20K	$200	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	$8K	$1.3M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	$35K	$206K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	$263K	$875K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0849%	1h	$260K	$292K	20x	as long as short