Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against HTX−0.121%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.121%, 7d avg −0.088%
=Funding pays, the price is against you. KuCoin is 0.034% cheaper against HTX than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.088%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SPY-USDT | 774.58 | 0 | get 0.0000% / 8h | 51m 13s | $300K | $38K | 50x |
| Short | KuCoin SPYUSDTM | 773.64 | 0.0100 | get 0.0100% / 8h | 51m 13s | $2.5M | $1.0M | 20x |
HTX SPY-USDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against HTX. 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: −0.121% → −0.088%
- −$3.38
- Slippage, 4 orders
- −$27.8
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$34.18
- Costs to cover
- 0.518%
- Break-even
- 18.4 days
Slippage from HTX: live order book, 51 min ago; KuCoin: live order book, 6 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 HTX live order book, 51 min ago | 7.42 bp | 13.4 bp −$13 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 3.17 bp | 10.5 bp −$11 | 729.9 bp −$7,299 | 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 | −0.0234% | 1h | 773.48 | −0.142% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0155% | 1h | 773.67 | −0.117% | $161K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.063% | $418K | $446K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.23 | −0.045% | $864K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.30 | −0.036% | $28.6M | $76.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.05 | −0.068% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.22 | −0.046% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.76 | −0.106% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.31 | −0.035% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.45 | −0.017% | $10.9M | $1.6M | 50x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.37 | −0.027% | $158K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.42 | +0.108% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDTlong | 0.0000% | 8h | 774.58 | long leg | $300K | $38K | 50x | |
| Nado SPY-PERP | +0.0002% | 1h | 773.96 | −0.081% | $1.5M | $245K | 20x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.50 | −0.010% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | −0.085% | $950K | $531K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.51 | −0.009% | $56.7M | $117.5M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.12 | −0.059% | $23K | $54K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.64 | −0.121% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.24 | −0.173% | — | $123K | 50x | as long as short |
| Lighter SPY | +0.0048% | 1h | 774.32 | −0.034% | $8.2M | $17.5M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.45 | −0.146% | $4.8M | $866K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.64 | −0.121% | $2.5M | $1.0M | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.28 | −0.039% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.75 | −0.107% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.27 | −0.039% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0990% | 4h | 774.22 | −0.047% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Nado SPY-PERP
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter SPY
Ondo Perps SPY-USD.P
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC