Funding you earn now, next payment 05:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.007%
Price spread now: KuCoin against Nado−0.072%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.358% of the position
Funding, last 3 days (all we have)+0.091%+$9 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now −0.072%, 7d avg −0.040%
=Together, before fees+0.081%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.032% cheaper against Nado than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.040%). If the spread goes back, that is −$3 on $10k: about 31 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 774.05 | 0.0017 | pay 0.0002% / 1h | 16m 54s | $1.5M | $267K | 20x |
| Short | KuCoin SPYUSDTM | 773.49 | 0.0100 | get 0.0100% / 8h | 3h 16m | $2.5M | $975K | 20x |
Nado SPY-PERP
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Nado. 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
- $17.44
- Price spread: −0.072% → −0.040%
- −$3.21
- Slippage, 4 orders
- −$16.78
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$21.55
- Costs to cover
- 0.358%
- Break-even
- 15.7 days
Slippage from Nado: live order book, 2 min ago; KuCoin: live order book, 5 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 Nado live order book, 2 min ago | 0.13 bp | 6.2 bp −$6 | 15.6 bp −$156 | 57.6 bp −$5,760 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 3.17 bp | 10.4 bp −$10 | 109.6 bp −$1,096 | 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 | −0.0120% | 8h | 774.28 | +0.030% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0022% | 1h | 773.48 | −0.074% | $163K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.72 | −0.043% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.29 | +0.031% | $28.3M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.38 | +0.043% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.20 | +0.019% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.92 | −0.017% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.28 | +0.030% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.43 | +0.049% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.31 | +0.034% | $158K | $359K | 10x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
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 | 775.40 | +0.174% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.059% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0015% | 8h | 774.10 | +0.006% | $864K | $194K | 20x | as long as short |
| Nado SPY-PERPlong | +0.0017% | 1h | 774.05 | long leg | $1.5M | $267K | 20x | |
| Lighter RH SPY | +0.0040% | 1h | 774.70 | +0.084% | $56.4M | $117.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.076% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.109% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.12 | −0.120% | $4.7M | $836K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.040% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.36 | +0.040% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.49 | −0.072% | $2.5M | $975K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.014% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.46 | +0.054% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.70 | −0.046% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 774.28 | +0.030% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | +0.030% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0646% | 4h | 774.15 | +0.013% | $640K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC