Funding you earn now, next payment 01:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.021%
Price spread now: KuCoin against Arcus+0.022%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$320.319% of the position
Funding, last 3 days (all we have)+0.022%+$2 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now +0.022%, 7d avg +0.054%
=Funding pays, the price is against you. KuCoin is 0.032% cheaper against Arcus than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.054%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.022% in total) that is about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 773.71 | −0.0016 | get 0.0002% / 1h | 4m 15s | $937K | $1.4M | 50x |
| Short | KuCoin SPYUSDTM | 773.88 | 0.0100 | get 0.0100% / 8h | 7h 04m | $2.5M | $953K | 20x |
Arcus SPY-USD
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Arcus. 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
- $24.33
- Price spread: +0.022% → +0.054%
- −$3.22
- Slippage, 4 orders
- −$15.38
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$10.78
- Costs to cover
- 0.319%
- Break-even
- 10.1 days
Slippage from Arcus: live order book, 5 min ago; KuCoin: live order book, 3 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 Arcus live order book, 5 min ago | 0.26 bp | 4.9 bp −$5 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.10 bp | 10.7 bp −$11 | 127.7 bp −$1,277 | doesn't fit | doesn't fit |
SPY on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0096% | 8h | 774.49 | +0.101% | $415K | $571K | 50x | as long as short |
| Arcus SPY-USDlong | −0.0016% | 1h | 773.71 | long leg | $937K | $1.4M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.60 | +0.115% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.03 | +0.041% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.66 | +0.123% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.63 | +0.248% | $2K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.09 | +0.049% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.81 | +0.142% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0013% | 8h | 774.54 | +0.107% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0016% | 8h | 774.70 | +0.127% | $863K | $204K | 20x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0023% | 8h | 774.50 | +0.102% | $18.4M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0024% | 8h | 774.46 | +0.096% | $28.5M | $81.6M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.31 | +0.078% | $8.3M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.67 | +0.124% | $57.6M | $115.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.23 | −0.062% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.44 | −0.035% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0052% | 8h | 774.53 | +0.106% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.04 | +0.043% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | +0.037% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.88 | +0.022% | $2.5M | $953K | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.98 | +0.035% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.46 | +0.097% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.93 | +0.028% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0117% | 1h | 774.05 | +0.044% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.50 | +0.101% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0239% | 4h | 774.39 | +0.088% | $640K | $241K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.66 | +0.123% | $6.9M | $5.2M | 25x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC
RISEx SPY/USDC