Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h −0.013%
Price spread now: KuCoin against MEXC−0.080%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.080%, 7d avg −0.060%
=Funding pays, the price is against you. KuCoin is 0.020% cheaper against MEXC than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.060%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SPY_USDT | 774.42 | 0.0014 | pay 0.0014% / 8h | 5h 02m | $24.0M | $12.1M | 100x |
| Short | KuCoin SPYUSDTM | 773.80 | 0.0100 | get 0.0100% / 8h | 5h 02m | $2.5M | $979K | 20x |
MEXC SPY_USDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. 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
- $18.06
- Price spread: −0.080% → −0.060%
- −$2.03
- Slippage, 4 orders
- −$11.39
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$7.36
- Costs to cover
- 0.234%
- Break-even
- 9.9 days
Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 4 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 MEXC live order book, 1 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$6 | 0.5 bp −$240 |
| Sell KuCoin live order book, 4 min ago | 3.62 bp | 10.7 bp −$11 | 118.8 bp −$1,188 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0105% | 8h | 774.43 | +0.001% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0098% | 1h | 773.48 | −0.121% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.82 | −0.077% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.57 | +0.019% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.97 | −0.058% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.56 | +0.018% | $10.9M | $1.9M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.54 | +0.145% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.040% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0002% | 8h | 774.38 | −0.005% | $7.9M | $3.3M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0004% | 8h | 774.54 | +0.016% | $162K | $375K | 10x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDTlong | +0.0014% | 8h | 774.42 | long leg | $24.0M | $12.1M | 100x | |
| Binance SPYUSDT | +0.0015% | 8h | 774.43 | +0.002% | $28.3M | $79.6M | 50x | as long as short |
| Aster SPYUSDT | +0.0017% | 8h | 774.56 | +0.018% | $865K | $194K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.68 | −0.096% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.165% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0049% | 1h | 773.92 | −0.065% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.55 | −0.112% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.048% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.38 | −0.005% | $8.3M | $21.1M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.68 | +0.034% | $56.4M | $116.0M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.53 | +0.014% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.80 | −0.080% | $2.5M | $979K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | −0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.86 | −0.072% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.14 | −0.036% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.43 | +0.002% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0795% | 4h | 774.31 | −0.015% | $640K | $242K | 20x | as long as short |
Binance SPYUSDT
Aster SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC