Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Gate against MEXC+0.149%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1521.518% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days−0.283%−$28 · spread now +0.149%, 7d avg −0.068%

Together, before fees−0.301%−$30 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 0.217% dearer against MEXC than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SPX_USDT	0.5368	0.0100	pay 0.0050% / 4h	3h 02m	$11.9M	$5.1M	100x
Short	Gate SPX_USDT	0.5376	0.0100	get 0.0050% / 4h	3h 02m	$1.1M	$669K	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 +0.149%Rate

Funding earned: $0
Price spread: +0.149% → −0.068%: $21.69
Slippage, 4 orders: −$132.77
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$130.08
Costs to cover: 1.518%
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	2.81 bp	9.1 bp −$9	31.9 bp −$319	163.2 bp −$16.3K	doesn't fit
Sell Gate live order book, 5 min ago	5.71 bp	63.8 bp −$64	doesn't fit	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−7.247%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0051%	4h	0.5246	−2.280%	$969K	$1.6M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5375	+0.123%	$147K	$406K	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5388	+0.373%	$144K	$93K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5387	+0.356%	$5.4M	$23.9M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5385	+0.317%	$12.6M	$18.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5387	+0.354%	$1.0M	$3.7M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.5376	+0.149%	$1.1M	$669K	50x
MEXC SPX_USDTlong	+0.0100%	4h	0.5368	long leg	$11.9M	$5.1M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5375	+0.130%	$3.9M	$5.5M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5380	+0.224%	$2.8M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5375	+0.130%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5267	−1.882%	$27K	$249K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5364	−0.075%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5375	+0.122%	$45K	$314K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0136%	4h	0.5380	+0.224%	$21K	$540	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5335	−0.615%	$260K	$1.0M	75x	as long as short
Hyperliquid SPX	+0.0398%	1h	0.5390	+0.401%	$11.3M	$9.0M	5x	as long as short
Kraken Futures PF_SPXUSD	+0.1402%	1h	0.5386	+0.328%	$275K	$552K	20x	as long as short