Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.25 per $10,000 · paid last 24h +0.002%
Price spread now: Orderly against MEXC−0.720%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding pays, the price is against you. Orderly is 0.720% cheaper against MEXC than usual: you would sell low and buy high (spread −0.720% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$72 on $10k: about 48 days of funding at the current rate (+$1 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SPX_USDT | 0.5142 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $11.7M | $4.7M | 100x |
| Short | Orderly PERP_SPX_USDC | 0.5105 | 0.0150 | get 0.0075% / 4h | 1h 56m | $20K | $599 | 10x |
MEXC SPX_USDT
Orderly PERP_SPX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against MEXC. 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
- $10.4
- Price spread: −0.720% → 0.000%
- −$71.96
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$71.56
- Costs to cover
- 0.100%
- Break-even
- 55.2 days
Slippage unknown: MEXC: live order book, 2 min ago; Orderly: no order-book sample. 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 MEXC live order book, 2 min ago | 0.98 bp | 9.3 bp −$9 | 37.8 bp −$378 | 190.0 bp −$19.0K | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 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 | −3.170% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5124 | −0.342% | $138K | $358K | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5126 | −0.317% | $5.2M | $21.1M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5133 | −0.175% | $11.7M | $16.0M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5138 | −0.078% | $960K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5107 | −0.681% | $1.0M | $549K | 50x | as long as short |
| MEXC SPX_USDTlong | +0.0100% | 4h | 0.5142 | long leg | $11.7M | $4.7M | 100x | |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5119 | −0.447% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5129 | −0.253% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5137 | −0.097% | — | $6.9M | — | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SPX | +0.0100% | 4h | 0.5139 | −0.056% | $890K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5124 | −0.350% | $46K | $244K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5089 | −1.031% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5135 | −0.131% | $34K | $252K | 10x | as long as short |
| Aster SPXUSDT | +0.0118% | 4h | 0.5102 | −0.775% | $130K | $111K | 10x | as long as short |
| Orderly PERP_SPX_USDCshort | +0.0150% | 4h | 0.5105 | −0.720% | $20K | $599 | 10x | |
| Hyperliquid SPX | +0.0169% | 1h | 0.5145 | +0.064% | $10.3M | $7.5M | 5x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1415% | 1h | 0.5099 | −0.835% | $252K | $541K | 20x | as long as short |
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Hyperliquid SPX
Kraken Futures PF_SPXUSD