Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRnext payment +$2.20 per $10,000 · paid last 24h +0.023%
Price spread now: KuCoin against BloFin−0.059%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days+0.400%+$40 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.059%, 7d avg −0.057%
=The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPY-USDT | 774.10 | −0.0120 | get 0.0120% / 8h | 58m 26s | $418K | $469K | 50x |
| Short | KuCoin SPYUSDTM | 773.64 | 0.0100 | get 0.0100% / 8h | 58m 26s | $2.5M | $1.0M | 20x |
BloFin SPY-USDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- $46.2
- Price spread: −0.059% → −0.057%
- −$0.23
- Slippage, 4 orders
- −$14.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $7.23
- Costs to cover
- 0.387%
- Break-even
- 5.9 days
Slippage from BloFin: live order book, 22 min ago; KuCoin: live order book, 8 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 BloFin live order book, 22 min ago | 0.06 bp | 8.3 bp −$8 | 9.4 bp −$94 | 11.9 bp −$1,192 | 19.8 bp −$9,902 |
| Sell KuCoin live order book, 8 min ago | 3.17 bp | 9.7 bp −$10 | 109.6 bp −$1,096 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0291% | 1h | 773.48 | −0.080% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDTlong | −0.0120% | 8h | 774.10 | long leg | $418K | $469K | 50x | |
| Phoenix SPY | −0.0114% | 1h | 774.06 | −0.005% | $161K | $254K | 20x | as long as short |
| Nado SPY-PERP | −0.0021% | 1h | 774.13 | +0.003% | $1.6M | $250K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.42 | +0.042% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.41 | +0.040% | $28.7M | $77.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.18 | +0.010% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.41 | +0.040% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.79 | −0.040% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.42 | +0.041% | $29.7M | $11.8M | 100x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.52 | +0.054% | $10.9M | $1.7M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | +0.043% | $158K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.52 | +0.183% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.16 | +0.008% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.66 | +0.072% | $300K | $38K | 50x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.61 | +0.067% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | −0.023% | $950K | $531K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.43 | +0.043% | $8.2M | $17.5M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.66 | +0.072% | $56.6M | $117.0M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.70 | −0.052% | $927K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.34 | −0.098% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.37 | −0.094% | $4.8M | $871K | 20x | as long as short |
| edgeX SPYUSDC | +0.0060% | 4h | 774.31 | +0.027% | $640K | $243K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.64 | −0.059% | $2.5M | $1.0M | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.33 | +0.030% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | −0.033% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.42 | +0.042% | $10K | — | 26x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
edgeX SPYUSDC
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]