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: Gate against MEXC−0.157%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$250as in the Price arb table

costs, in and out, $10k−$2412.413% of the position

Long on MEXC Short on Gate

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−0.024%−$2 · spread now −0.157%, 7d avg −0.072%

Together, before fees−0.044%−$4 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: Gate is 0.085% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SPX_USDT	0.5098	0.0100	pay 0.0050% / 4h	1h 56m	$11.6M	$4.7M	100x
Short	Gate SPX_USDT	0.5090	0.0100	get 0.0050% / 4h	1h 56m	$1.0M	$549K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.072%: −$8.48
Slippage, 4 orders: −$222.27
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$249.75
Costs to cover: 2.413%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 5 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, 1 min ago	0.98 bp	9.3 bp −$9	37.8 bp −$378	190.0 bp −$19.0K	doesn't fit
Sell Gate live order book, 5 min ago	6.81 bp	107.3 bp −$107	doesn't fit	doesn't fit	doesn't fit

SPX on 18 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	−2.334%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5102	+0.073%	$137K	$358K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5099	+0.027%	$10.2M	$7.5M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5099	+0.021%	$5.2M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5098	0.000%	$11.6M	$16.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5099	+0.020%	$951K	$2.9M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.5090	−0.157%	$1.0M	$549K	50x
MEXC SPX_USDTlong	+0.0100%	4h	0.5098	long leg	$11.6M	$4.7M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5093	−0.098%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5099	+0.020%	$2.7M	$1.4M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5094	−0.078%	—	$6.8M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5139	+0.806%	$890K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5124	+0.510%	$46K	$244K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5089	−0.177%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5098	+0.006%	$34K	$252K	10x	as long as short
Aster SPXUSDT	+0.0125%	4h	0.5101	+0.056%	$130K	$111K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0150%	4h	0.5105	+0.137%	$20K	$599	10x	as long as short
Kraken Futures PF_SPXUSD	+0.1415%	1h	0.5099	+0.020%	$252K	$541K	20x	as long as short