Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.019%
Price spread now: BloFin against KuCoin+0.080%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days−0.401%−$40 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.080%, 7d avg +0.055%
=The price spread pays, funding is against you. BloFin is 0.025% dearer against KuCoin than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.055%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPYUSDTM | 773.97 | 0.0100 | pay 0.0100% / 8h | 14m 52s | $2.5M | $964K | 20x |
| Short | BloFin SPY-USDT | 774.59 | −0.0120 | pay 0.0120% / 8h | 14m 52s | $413K | $571K | 50x |
KuCoin SPYUSDTM
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$46.2
- Price spread: +0.080% → +0.055%
- $2.5
- Slippage, 4 orders
- −$13.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$81.62
- Costs to cover
- 0.379%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 62 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 | 3.49 bp | 13.4 bp −$13 | 119.7 bp −$1,197 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 62 min ago | 0.13 bp | 6.1 bp −$6 | 6.3 bp −$63 | 9.8 bp −$984 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.52 | −0.058% | $941K | $1.4M | 50x | as long as short |
| BloFin SPY-USDTshort | −0.0120% | 8h | 774.59 | +0.080% | $413K | $571K | 50x | |
| Phoenix SPY | −0.0052% | 1h | 773.98 | +0.001% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.32 | +0.046% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.57 | +0.078% | $28.6M | $82.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.44 | +0.061% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.53 | +0.072% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.92 | −0.006% | $758K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.55 | +0.075% | $28.0M | $11.9M | 100x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.217% | $2K | $1.5M | 10x | as long as short |
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.13 | +0.021% | $23K | $58K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.79 | +0.106% | $308K | $20K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0012% | 8h | 774.59 | +0.080% | $157K | $411K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.37 | +0.052% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.68 | +0.092% | $56.9M | $119.9M | 50x | as long as short |
| Bitget SPYUSDT | +0.0037% | 8h | 774.49 | +0.067% | $11.0M | $2.6M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.23 | −0.096% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.053% | $955K | $583K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.85 | −0.016% | $4.8M | $847K | 20x | as long as short |
| Nado SPY-PERP | +0.0086% | 1h | 774.00 | +0.003% | $1.5M | $293K | 20x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 773.97 | long leg | $2.5M | $964K | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.90 | −0.009% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.49 | +0.067% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.03 | +0.008% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.64 | +0.087% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.59 | +0.079% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0685% | 4h | 774.47 | +0.065% | $640K | $242K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Nado SPY-PERP
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC