Funding you earn now, next payment 08:00 UTC+0.0133%/8h= +14.5% APRnext payment +$1.33 per $10,000 · paid last 24h +0.052%
Price spread now: MEXC against Orderly+0.058%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)−0.045%−$4 · spread now +0.058%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.021% dearer against Orderly than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPX500_USDC | 7,762.8 | −0.0222 | get 0.0222% / 8h | 4h 38m | $361K | $129K | 20x |
| Short | MEXC SPX500_USDT | 7,767.3 | −0.0089 | pay 0.0089% / 8h | 4h 38m | $71.1M | $48.3M | 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
- $27.9
- Price spread: +0.058% → +0.037%
- $2.12
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $24.03
- Costs to cover
- 0.060%
- Break-even
- 1.0 days
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 | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 1.8 bp −$175 | 76.9 bp −$38.5K |
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 | −0.0222% | 8h | 7,762.8 | long leg | $361K | $129K | 20x | |
| MEXC SPX500_USDTshort | −0.0089% | 8h | 7,767.3 | +0.058% | $71.1M | $48.3M | 200x | |
| Gate SPX500_USDT | −0.0047% | 8h | 7,742 | −0.268% | $1.7M | $138K | 100x | as long as short |
| SunX SPX500-USDT | +0.0050% | 1h | 7,709.7 | −0.684% | $2K | $2.4M | 20x | as long as short |
| HTX SPX500-USDT | +0.0050% | 1h | 7,763.3 | +0.007% | $502K | $227K | 30x | as long as short |
Gate SPX500_USDT
SunX SPX500-USDT
HTX SPX500-USDT