Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%
Price spread now: Vest against KuCoin−0.074%7-day average −0.050% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.074%, 7d avg −0.050%
=Together, before fees−0.034%+ Points / potential airdropVest: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPYUSDTM | 773.71 | 0.0100 | pay 0.0100% / 8h | 4h 35m | $2.5M | $977K | 20x |
| Short | Vest SPY-USD-PERP | 773.14 | 0.0046 | get 0.0006% / 1h | 35m 32s | — | $123K | 50x |
KuCoin SPYUSDTM
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$11.41
- Price spread: −0.074% → −0.050%
- −$2.4
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$27.81
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 1 min ago; Vest: no order-book sample. Net counts fees only.
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, 1 min ago | 3.49 bp | 12.1 bp −$12 | 504.9 bp −$5,049 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0104% | 8h | 774.31 | +0.078% | $417K | $468K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.33 | +0.080% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.80 | +0.012% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.100% | $10.9M | $1.9M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.74 | +0.004% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.38 | +0.216% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.03 | +0.041% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.110% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.33 | +0.080% | $7.9M | $3.2M | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0010% | 1h | 773.19 | −0.067% | $162K | $24K | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAP
ApeX Omni SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0012% | 8h | 774.38 | +0.087% | $163K | $374K | 10x | as long as short |
| MEXC SPY_USDT | +0.0015% | 8h | 774.31 | +0.078% | $25.4M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0015% | 8h | 774.32 | +0.079% | $28.3M | $80.0M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.61 | −0.013% | $934K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.14 | −0.074% | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.62 | −0.012% | $4.8M | $838K | 20x | as long as short |
| Aster SPYUSDT | +0.0063% | 8h | 774.75 | +0.134% | $865K | $196K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.044% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.67 | +0.124% | $56.5M | $113.7M | 50x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.36 | +0.084% | $8.3M | $19.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0085% | 1h | 773.95 | +0.031% | $1.5M | $280K | 20x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 773.71 | long leg | $2.5M | $977K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.34 | +0.081% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | +0.002% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.47 | +0.098% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | +0.078% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0780% | 4h | 774.18 | +0.061% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Ondo Perps SPY-USD.P
Aster SPYUSDT
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Lighter SPY
Nado SPY-PERP
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC