SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.58 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against Orderly−0.270%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.270% cheaper against Orderly than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPX_USDC	0.5178	0.0215	pay 0.0108% / 4h	3h 19m	$21K	$599	10x
Short	MEXC SPX_USDT	0.5164	0.0100	get 0.0050% / 4h	3h 19m	$11.9M	$5.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. 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 OrderlybpFee MEXCbpOrdersPrice spread, now −0.270%Rate

Funding earned: −$24.2
Price spread: −0.270% → 0.000%: −$27.04
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$61.24
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	1.95 bp	7.2 bp −$7	32.8 bp −$328	155.1 bp −$15.5K	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−3.843%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5179	+0.019%	$151K	$370K	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5173	−0.104%	$5.2M	$22.2M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5163	−0.290%	$11.8M	$17.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5155	−0.444%	$935K	$3.1M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5172	−0.116%	$1.0M	$590K	50x	as long as short
MEXC SPX_USDTshort	+0.0100%	4h	0.5164	−0.270%	$11.9M	$5.1M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5172	−0.116%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5183	+0.097%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5172	−0.116%	—	$6.9M	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPX	+0.0100%	4h	0.5138	−0.771%	$955K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5130	−0.927%	$26K	$255K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5169	−0.174%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5167	−0.211%	$34K	$252K	10x	as long as short
Aster SPXUSDT	+0.0172%	4h	0.5173	−0.103%	$138K	$129K	10x	as long as short
Orderly PERP_SPX_USDClong	+0.0215%	4h	0.5178	long leg	$21K	$599	10x
Hyperliquid SPX	+0.0229%	1h	0.5178	0.000%	$10.6M	$7.8M	5x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5139	−0.753%	$255K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1211%	1h	0.5194	+0.306%	$254K	$549K	20x	as long as short