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: Bitget against KuCoin+0.077%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$460.455% of the position
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now +0.077%, 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 | KuCoin SPYUSDTM | 774.26 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $2.5M | $1.0M | 20x |
| Short | Bitget SPYUSDT | 774.86 | 0 | get 0.0000% / 8h | 5h 53m | $11.1M | $1.6M | 50x |
KuCoin SPYUSDTM
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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: +0.077% → +0.066%
- $1.17
- Slippage, 4 orders
- −$21.55
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$65.38
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bitget: 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 KuCoin live order book, 2 min ago | 2.33 bp | 18.6 bp −$19 | 127.0 bp −$1,270 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.06 bp | 7.1 bp −$7 | 9.3 bp −$93 | 17.1 bp −$1,714 | 28.8 bp −$14.4K |
SPY on 27 exchanges
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 | −0.0411% | 1h | 773.48 | −0.101% | $164K | $24K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.83 | +0.074% | $416K | $419K | 50x | as long as short |
| Nado SPY-PERP | −0.0037% | 1h | 774.51 | +0.032% | $1.5M | $277K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.66 | +0.052% | $863K | $200K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.84 | +0.075% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.87 | +0.079% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.83 | +0.074% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.79 | +0.069% | $7.1M | $3.3M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.31 | +0.006% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.82 | +0.072% | $29.2M | $13.3M | 100x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDTshort | 0.0000% | 8h | 774.86 | +0.077% | $11.1M | $1.6M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.86 | +0.077% | $161K | $336K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 774.14 | −0.015% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.97 | +0.221% | $2K | $1.2M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.55 | +0.037% | $23K | $39K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.99 | +0.094% | $300K | $38K | 50x | as long as short |
| Arcus SPY-USD | +0.0015% | 1h | 773.88 | −0.049% | $980K | $1.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.64 | +0.049% | $7.8M | $16.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.94 | +0.088% | $56.9M | $114.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.64 | −0.080% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.87 | −0.050% | $4.8M | $846K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.22 | −0.005% | $952K | $171K | 20x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 774.26 | long leg | $2.5M | $1.0M | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.76 | +0.065% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.23 | −0.004% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.80 | +0.070% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0783% | 4h | 774.39 | +0.017% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Arcus SPY-USD
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC