Funding you earn now, next payment 08:00 UTC+0.0215%/8h= +23.5% APRnext payment +$2.15 per $10,000 · paid last 24h +0.052%
Price spread now: MEXC against Orderly+0.029%7-day average +0.037% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.029%, 7d avg +0.037%
=The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.15 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPX500_USDC | 7,764.3 | −0.0301 | get 0.0301% / 8h | 56m 26s | $361K | $127K | 20x |
| Short | MEXC SPX500_USDT | 7,766.5 | −0.0086 | pay 0.0086% / 8h | 56m 26s | $71.4M | $45.1M | 200x |
Orderly PERP_SPX500_USDC
MEXC SPX500_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.13
- Price spread: +0.029% → +0.037%
- −$0.88
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $38.25
- Costs to cover
- 0.060%
- Break-even
- 1.1 days
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 3 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, 3 min ago | 0.06 bp | 0.3 bp $0 | 0.4 bp −$4 | 1.9 bp −$187 | 79.5 bp −$39.7K |
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.
SPX500 on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SPX500_USDClong | −0.0301% | 8h | 7,764.3 | long leg | $361K | $127K | 20x | |
| Gate SPX500_USDT | −0.0200% | 8h | 7,753.2 | −0.143% | $1.7M | $93K | 100x | as long as short |
| MEXC SPX500_USDTshort | −0.0086% | 8h | 7,766.5 | +0.029% | $71.4M | $45.1M | 200x | |
| SunX SPX500-USDT | +0.0050% | 1h | 7,710 | −0.699% | $2K | $2.4M | 20x | as long as short |
| HTX SPX500-USDT | +0.0050% | 1h | 7,757.4 | −0.089% | $501K | $230K | 30x | as long as short |
Gate SPX500_USDT
SunX SPX500-USDT
HTX SPX500-USDT