Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.025%
Price spread now: KuCoin against Gate+0.022%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 7 days−0.102%−$10 · spread now +0.022%, 7d avg −0.037%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.059% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.65 | 0 | get 0.0000% / 8h | 1h 07m | $746K | $2.2M | 75x |
| Short | KuCoin SPYUSDTM | 773.82 | 0.0100 | get 0.0100% / 8h | 1h 07m | $2.5M | $980K | 20x |
Gate SPY_USDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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: +0.022% → −0.037%
- $5.93
- Slippage, 4 orders
- −$24.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$24.7
- Costs to cover
- 0.516%
- Break-even
- 15.2 days
Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 5 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 Gate live order book, 1 min ago | 3.42 bp | 11.7 bp −$12 | 15.2 bp −$152 | 63.2 bp −$6,322 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.39 bp | 14.7 bp −$15 | 116.6 bp −$1,166 | 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 | 774.27 | +0.080% | $413K | $726K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.23 | −0.054% | $943K | $1.4M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.66 | +0.001% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.26 | +0.079% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.26 | +0.079% | $28.4M | $83.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.34 | +0.089% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.33 | +0.088% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.65 | long leg | $746K | $2.2M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.25 | +0.078% | $27.3M | $12.5M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.29 | +0.083% | $157K | $419K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
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 | 775.32 | +0.216% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.111% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0014% | 8h | 774.25 | +0.078% | $11.0M | $2.7M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.07 | +0.054% | $8.6M | $22.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.45 | +0.103% | $57.0M | $122.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0044% | 1h | 773.84 | +0.024% | $1.5M | $304K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.06 | −0.076% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.07 | +0.054% | $23K | $67K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.49 | −0.021% | $4.8M | $910K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.012% | $955K | $630K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.82 | +0.022% | $2.5M | $980K | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.89 | +0.031% | $158K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.11 | +0.059% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | +0.009% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.37 | +0.093% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.25 | +0.078% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0348% | 4h | 774.08 | +0.056% | $640K | $240K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Nado SPY-PERP
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC