Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.102%
Price spread now: edgeX against KuCoin+0.072%68s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days−1.021%−$102 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.072%, 7d avg +0.037%
=Together, before fees−1.054%+ Points / potential airdropedgeX: Active · farm board−$105 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.034% dearer against KuCoin than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.037%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−1.021% in total) that is about 6 hours. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPYUSDTM | 773.88 | 0.0100 | pay 0.0100% / 8h | 40m 16s | $2.5M | $974K | 20x |
| Short | edgeX SPYUSDC | 774.43 | 0.0075 | get 0.0038% / 4h | 40m 16s | $640K | $242K | 20x |
KuCoin SPYUSDTM
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$5.17
- Price spread: +0.072% → +0.037%
- $3.45
- Slippage, 4 orders
- −$24.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$46.99
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; edgeX: live order book, 38 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 | 3.17 bp | 15.3 bp −$15 | 116.4 bp −$1,164 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 38 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.50 | −0.049% | $940K | $1.5M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.46 | +0.075% | $411K | $726K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.89 | +0.001% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | +0.054% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.47 | +0.076% | $28.6M | $83.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.47 | +0.076% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.43 | +0.071% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.91 | +0.004% | $747K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.47 | +0.076% | $28.0M | $11.7M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.63 | +0.097% | $157K | $411K | 10x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
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 | 775.54 | +0.215% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.69 | +0.105% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0025% | 8h | 774.56 | +0.088% | $11.0M | $2.6M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.29 | +0.053% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.62 | +0.096% | $56.8M | $118.2M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.22 | −0.085% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.041% | $955K | $584K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.71 | −0.022% | $4.8M | $847K | 20x | as long as short |
| Nado SPY-PERP | +0.0069% | 1h | 773.98 | +0.013% | $1.5M | $301K | 20x | as long as short |
| edgeX SPYUSDCshort | +0.0075% | 4h | 774.43 | +0.072% | $640K | $242K | 20x | |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 773.88 | long leg | $2.5M | $974K | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.90 | +0.003% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.54 | +0.085% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.95 | +0.009% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.65 | +0.099% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.48 | +0.077% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0228% | 1h | 774.28 | +0.052% | $23K | $58K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
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]
Deribit SPY_USDC-PERPETUAL