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 0.000%

Price spread now: Binance against MEXC−0.059%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.056%+$6 · spread now −0.059%, 7d avg +0.004%

Together, before fees+0.056%+$6 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: Binance is 0.063% cheaper against MEXC than usual: you would sell low and buy high, −$6 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	MEXC SPX_USDT	0.5071	0.0100	pay 0.0050% / 4h	1h 07m	$12.0M	$4.8M	100x
Short	Binance SPXUSDT	0.5068	0.0100	get 0.0050% / 4h	1h 07m	$5.1M	$21.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → +0.004%: −$6.27
Slippage, 4 orders: −$39.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$59.42
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Binance: live order book, 3 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 MEXC live order book, 6 min ago	1.99 bp	10.4 bp −$10	32.0 bp −$320	125.1 bp −$12.5K	doesn't fit
Sell Binance live order book, 3 min ago	0.99 bp	14.0 bp −$14	41.4 bp −$414	432.3 bp −$43.2K	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	−1.814%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5074	+0.053%	$136K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5071	+0.006%	$10.2M	$7.4M	5x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5068	−0.059%	$5.1M	$21.1M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5065	−0.118%	$11.5M	$16.2M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5060	−0.217%	$947K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5073	+0.039%	$1.0M	$561K	50x	as long as short
MEXC SPX_USDTlong	+0.0100%	4h	0.5071	long leg	$12.0M	$4.8M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5068	−0.059%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5060	−0.217%	$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	0.5055	−0.316%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5031	−0.798%	$882K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5037	−0.670%	$25K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5055	−0.316%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5078	+0.141%	$33K	$250K	10x	as long as short
Aster SPXUSDT	+0.0143%	4h	0.5076	+0.091%	$129K	$117K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0151%	4h	0.5070	−0.020%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5059	−0.237%	$254K	$988K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1423%	1h	0.5070	−0.012%	$251K	$544K	20x	as long as short