SPGI/USDT (S&P Global) on MEXC holding its 446-452 band into Monday

S&P Global's stock perp on MEXC is parked inside a narrow band this weekend. Data from the MEXC API at about 12:50 AM ET Sunday; the chart shows Friday afternoon.

The underlying

S&P Global runs credit ratings, the S&P indices and market data. The perp follows the US share through an index and settles in USDT.

Contract specs

• Contract size 0.0001 SPGI, up to 20x
• 0% maker, 0.02% taker
• Funding every 8 hours, now +0.02%

Where price sits now

Last 448.99 against an index of 448.72, up 0.30% on the day. The 24h range is 446.59 to 452.21 and turnover is about 104K USDT. Friday's wick to 412.98 was a thin-book print that was bought back within the hour.

Plan and invalidation

Mild long bias while 446 holds, aiming at 452 and then Friday's 453.52 high. A 15m close under 446 voids it. The book is thin, so wicks like Friday's can happen again; size accordingly.