SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against MEXC−0.098%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.364%+$36 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.098%, 7d avg +0.011%

Together, before fees+0.354%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.109% cheaper against MEXC than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.011%). If the spread goes back, that is −$11 on $10k: about 36 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SPX_USDT	0.5083	0.0100	pay 0.0050% / 4h	3h 51m	$11.2M	$4.7M	100x
Short	BloFin SPX-USDT	0.5078	0.0340	get 0.0170% / 4h	3h 51m	$249K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.098%Rate

Funding earned: $50.4
Price spread: −0.098% → +0.011%: −$10.89
Slippage, 4 orders: −$47.63
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$24.11
Costs to cover: 0.636%
Break-even: 10.3 days

Slippage from MEXC: live order book, 7 min ago; BloFin: live order book, 6 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, 7 min ago	1.97 bp	11.4 bp −$11	25.3 bp −$253	157.2 bp −$15.7K	doesn't fit
Sell BloFin live order book, 6 min ago	7.84 bp	22.9 bp −$23	54.3 bp −$543	doesn't fit	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
Variational Omni SPX	+0.0015%	4h	0.5070	−0.261%	$840K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.046%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5085	+0.043%	$127K	$314K	5x	as long as short
Gate SPX_USDT	+0.0096%	4h	0.5074	−0.177%	$1.0M	$507K	50x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5083	−0.004%	$9.9M	$7.8M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5073	−0.201%	$128K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5084	+0.019%	$5.0M	$21.2M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5077	−0.118%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5073	−0.197%	$963K	$2.8M	20x	as long as short
MEXC SPX_USDTlong	+0.0100%	4h	0.5083	long leg	$11.2M	$4.7M	100x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5080	−0.059%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5081	−0.039%	$2.6M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5074	−0.177%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5071	−0.236%	$46K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5081	−0.039%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5074	−0.177%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5080	−0.060%	$36K	$234K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5078	−0.098%	$249K	$1.0M	75x
Kraken Futures PF_SPXUSD	+0.0961%	1h	0.5095	+0.244%	$247K	$556K	20x	as long as short