Funding you earn now, next payment 04:00 UTC−0.0566%/8h= −62.0% APRpaid last 24h +0.015%
Price spread now: KuCoin against edgeX−0.064%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs+$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.959%+$96 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.064%, 7d avg −0.039%
=Together, before fees+0.991%+ Points / potential airdropedgeX: Active · farm board+$99 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.026% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.959%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SPYUSDC | 774.19 | 0.0666 | pay 0.0333% / 4h | 39m 06s | $640K | $241K | 20x |
| Short | KuCoin SPYUSDTM | 773.69 | 0.0100 | get 0.0100% / 8h | 4h 39m | $2.5M | $977K | 20x |
edgeX SPYUSDC
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against edgeX. 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
- −$118.96
- Price spread: −0.064% → −0.039%
- −$2.57
- Slippage, 4 orders
- −$21.43
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$163.96
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 20 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 edgeX live order book, 20 min ago | 5.10 bp | 9.6 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.49 bp | 10.8 bp −$11 | 118.7 bp −$1,187 | 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 | −0.0104% | 8h | 774.31 | +0.016% | $417K | $468K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.36 | +0.022% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.79 | −0.052% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.038% | $10.9M | $1.9M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.97 | −0.028% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.39 | +0.155% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.048% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0001% | 8h | 774.32 | +0.017% | $7.9M | $3.2M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0014% | 8h | 774.43 | +0.031% | $163K | $386K | 10x | as long as short |
| MEXC SPY_USDT | +0.0016% | 8h | 774.31 | +0.016% | $25.4M | $11.7M | 100x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
GRVT SPY_USDT_Perp
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0016% | 8h | 774.32 | +0.017% | $28.3M | $79.9M | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0023% | 1h | 773.24 | −0.123% | $162K | $24K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.02 | −0.022% | $23K | $56K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.072% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.136% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.65 | −0.070% | $4.8M | $840K | 20x | as long as short |
| Aster SPYUSDT | +0.0058% | 8h | 774.73 | +0.070% | $865K | $196K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.018% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.63 | +0.057% | $56.5M | $113.5M | 50x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.33 | +0.018% | $8.3M | $19.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0089% | 1h | 773.94 | −0.033% | $1.5M | $280K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.69 | −0.064% | $2.5M | $977K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.33 | +0.018% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.73 | −0.059% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.40 | +0.028% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | +0.016% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0666% | 4h | 774.19 | long leg | $640K | $241K | 20x |
Binance SPYUSDT
ApeX Omni SPYUSDT
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Aster SPYUSDT
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Lighter SPY
Nado SPY-PERP
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]