Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: HTX against KuCoin+0.098%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.098%, 7d avg +0.089%
=The price spread sits at its 7-day average of +0.089%, 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 | 774.10 | 0.0100 | pay 0.0100% / 8h | 4h 07m | $2.5M | $1.1M | 20x |
| Short | HTX SPY-USDT | 774.86 | 0 | get 0.0000% / 8h | 4h 07m | $300K | $21K | 50x |
KuCoin SPYUSDTM
HTX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.098% → +0.089%
- $0.92
- Slippage, 4 orders
- −$25.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$69.3
- Costs to cover
- 0.492%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; HTX: live order book, 33 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 | 2.20 bp | 16.4 bp −$16 | 579.3 bp −$5,793 | doesn't fit | doesn't fit |
| Sell HTX live order book, 33 min ago | 2.45 bp | 13.6 bp −$14 | 14.5 bp −$145 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 774.64 | +0.070% | $420K | $401K | 50x | as long as short |
| Arcus SPY-USD | −0.0042% | 1h | 773.77 | −0.043% | $1.0M | $1.4M | 50x | as long as short |
| Nado SPY-PERP | −0.0030% | 1h | 774.39 | +0.038% | $1.5M | $284K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.54 | +0.057% | $862K | $207K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.64 | +0.069% | $28.4M | $74.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.70 | +0.078% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.69 | +0.076% | $7.8M | $3.2M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.64 | +0.070% | $7.1M | $3.1M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.19 | +0.012% | $806K | $2.6M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.63 | +0.068% | $18.9M | $13.8M | 100x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
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 SPYUSDT | 0.0000% | 8h | 774.81 | +0.092% | $11.0M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.69 | +0.077% | $164K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.77 | +0.216% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.29 | +0.025% | $23K | $38K | 20x | as long as short |
| HTX SPY-USDTshort | 0.0000% | 8h | 774.86 | +0.098% | $300K | $21K | 50x | |
| Phoenix SPY | +0.0010% | 1h | 774.16 | +0.008% | $161K | $74K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.51 | +0.053% | $7.8M | $16.2M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.83 | +0.094% | $57.4M | $116.9M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0040% | 1h | 774.25 | +0.019% | $945K | $189K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.58 | −0.067% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.076% | $4.8M | $856K | 20x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 774.10 | long leg | $2.5M | $1.1M | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.33 | +0.030% | $226K | $54K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.58 | +0.062% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.98 | −0.015% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.64 | +0.070% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0275% | 4h | 774.49 | +0.050% | $640K | $242K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Phoenix SPY
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC