Settings8H · net · $10k
Funding arb · Price arb /

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%
Price spread now: Hyperliquid against MEXC+0.087%7-day average +0.105% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.161%+$16 on $10k
Price spread, last 7 days−0.055%−$5 · spread now +0.087%, 7d avg +0.105%
Together, before fees+0.107%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SPX_USDT0.51930.0100pay 0.0050% / 4h2h 14m$11.9M$5.2M100x
ShortHyperliquid SPX0.51980.0100get 0.0013% / 1h14m 00s$10.6M$8.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.087% → +0.105%
−$1.86
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$14.86
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 4 min ago; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago3.88 bp10.4 bp −$1042.5 bp −$425188.8 bp −$18.9Kdoesn't fit
Sell Hyperliquid live order book, 8 min ago3.15 bp10.6 bp −$11doesn't fitdoesn't fitdoesn't fit

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SPX/USDC PERP+0.0033%1h0.4979−4.121%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5231+0.739%$152K$389K5xas long as short
Hyperliquid SPXshort+0.0100%1h0.5198+0.087%$10.6M$8.0M5x
Aster SPXUSDT+0.0100%4h0.5207+0.278%$139K$92K10xas long as short
Binance SPXUSDT+0.0100%4h0.5207+0.275%$5.2M$22.9M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5182−0.212%$11.8M$17.3M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5188−0.096%$972K$3.3M20xas long as short
Gate SPX_USDT+0.0100%4h0.5223+0.578%$1.1M$625K50xas long as short
MEXC SPX_USDTlong+0.0100%4h0.5193long leg$11.9M$5.2M100x
KuCoin SPXUSDTM+0.0100%4h0.51930.000%$3.8M$5.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5186−0.135%$2.7M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5177−0.308%$7.0Mas long as short
Variational Omni SPX+0.0100%4h0.5145−0.921%$947K$1.5Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5162−0.597%$26K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5220+0.520%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5190−0.065%$34K$258K10xas long as short
Orderly PERP_SPX_USDC+0.0193%4h0.5230+0.712%$21K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5172−0.404%$246K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1401%1h0.5247+1.031%$262K$544K20xas long as short