Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.004%
Price spread now: KuCoin against Bitget−0.066%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now −0.066%, 7d avg −0.066%
=The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 772.30 | 0 | get 0.0000% / 8h | 7h 29m | $10.9M | $1.5M | 50x |
| Short | KuCoin SPYUSDTM | 771.79 | 0.0100 | get 0.0100% / 8h | 7h 29m | $2.5M | $1.0M | 20x |
Bitget SPYUSDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- $21
- Price spread: −0.066% → −0.066%
- −$0.02
- Slippage, 4 orders
- −$17.76
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$20.78
- Costs to cover
- 0.418%
- Break-even
- 13.9 days
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 7 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 Bitget live order book, 4 min ago | 0.06 bp | 6.4 bp −$6 | 8.5 bp −$85 | 15.3 bp −$1,529 | 24.9 bp −$12.4K |
| Sell KuCoin live order book, 7 min ago | 1.36 bp | 12.8 bp −$13 | 88.4 bp −$884 | 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 | −0.0120% | 8h | 772.32 | +0.003% | $416K | $438K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 771.89 | −0.053% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.24 | −0.007% | $863K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.16 | −0.019% | $28.6M | $75.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.03 | −0.035% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.06 | −0.031% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 771.92 | −0.049% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.14 | −0.021% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 772.30 | long leg | $10.9M | $1.5M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.56 | +0.034% | $159K | $330K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 773.40 | +0.142% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.37 | +0.009% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.36 | +0.008% | $56.7M | $118.8M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0035% | 1h | 771.85 | −0.058% | $23K | $55K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.49 | −0.105% | $922K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.08 | −0.158% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.40 | −0.117% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.12 | −0.023% | $950K | $507K | 20x | as long as short |
| Nado SPY-PERP | +0.0088% | 1h | 771.84 | −0.059% | $1.5M | $252K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 771.79 | −0.066% | $2.5M | $1.0M | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 771.86 | −0.057% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.12 | −0.023% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 771.66 | −0.083% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 772.19 | −0.014% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.22 | −0.011% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.32 | +0.003% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0861% | 4h | 772.20 | −0.012% | $638K | $243K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC