SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against Orderly−0.099%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 −$2 a day on $10k at the current rate, and MEXC is 0.099% cheaper against Orderly than usual: you would sell low and buy high (−$10 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	0.5070	0.0151	pay 0.0075% / 4h	1h 08m	$20K	$599	10x
Short	MEXC SPX_USDT	0.5065	0.0100	get 0.0050% / 4h	1h 08m	$12.0M	$4.8M	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 −0.099%Rate

Funding earned: −$10.67
Price spread: −0.099% → 0.000%: −$9.86
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$30.53
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 5 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, 5 min ago	1.99 bp	8.2 bp −$8	24.3 bp −$243	130.6 bp −$13.1K	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	−1.795%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5066	−0.075%	$136K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5062	−0.156%	$10.2M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5069	−0.012%	$5.1M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5067	−0.059%	$11.5M	$16.2M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5067	−0.059%	$946K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5056	−0.276%	$1.0M	$561K	50x	as long as short
MEXC SPX_USDTshort	+0.0100%	4h	0.5065	−0.099%	$12.0M	$4.8M	100x
KuCoin SPXUSDTM	+0.0100%	4h	0.5062	−0.158%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5075	+0.099%	$2.6M	$1.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5062	−0.158%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5031	−0.779%	$882K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5037	−0.651%	$25K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5055	−0.296%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5063	−0.135%	$33K	$250K	10x	as long as short
Aster SPXUSDT	+0.0130%	4h	0.5061	−0.171%	$129K	$117K	10x	as long as short
Orderly PERP_SPX_USDClong	+0.0151%	4h	0.5070	long leg	$20K	$599	10x
BloFin SPX-USDT	+0.0340%	4h	0.5059	−0.217%	$254K	$988K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1423%	1h	0.5070	+0.007%	$251K	$544K	20x	as long as short