Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.021%
Price spread now: KuCoin against OKX−0.075%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$390.394% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now −0.075%, 7d avg −0.049%
=Funding pays, the price is against you. KuCoin is 0.026% cheaper against OKX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.049%). If the spread goes back, that is −$3 on $10k: about 21 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 | OKX SPY-USDT-SWAP | 772.62 | 0 | get 0.0000% / 8h | 7h 21m | $7.8M | $3.2M | 50x |
| Short | KuCoin SPYUSDTM | 772.04 | 0.0100 | get 0.0100% / 8h | 7h 21m | $2.5M | $1.0M | 20x |
OKX SPY-USDT-SWAP
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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: −0.075% → −0.049%
- −$2.63
- Slippage, 4 orders
- −$17.38
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$21.02
- Costs to cover
- 0.394%
- Break-even
- 14.0 days
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 6 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 OKX live order book, 2 min ago | 0.06 bp | 5.7 bp −$6 | 8.2 bp −$82 | 17.2 bp −$1,725 | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 2.14 bp | 12.6 bp −$13 | 81.1 bp −$811 | 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 | 772.70 | +0.010% | $418K | $408K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.16 | −0.060% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.42 | −0.026% | $860K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.75 | +0.017% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.55 | −0.009% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 772.62 | long leg | $7.8M | $3.2M | 50x | |
| Gate SPY_USDT | 0.0000% | 8h | 772.40 | −0.028% | $791K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.73 | +0.014% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.95 | +0.043% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.47 | −0.020% | $159K | $330K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
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 | 773.80 | +0.153% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.68 | +0.008% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.03 | +0.053% | $56.8M | $119.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.77 | −0.110% | $924K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.66 | −0.124% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0048% | 1h | 772.61 | −0.001% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.54 | −0.140% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.19 | −0.056% | $951K | $508K | 20x | as long as short |
| edgeX SPYUSDC | +0.0064% | 4h | 772.26 | −0.046% | $638K | $242K | 20x | as long as short |
| Nado SPY-PERP | +0.0077% | 1h | 772.34 | −0.036% | $1.5M | $255K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 772.68 | +0.008% | $7.9M | $17.2M | 50x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 772.04 | −0.075% | $2.5M | $1.0M | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.07 | −0.071% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.58 | −0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.04 | −0.076% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.75 | +0.017% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.68 | +0.007% | $7.1M | $3.5M | 25x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
edgeX SPYUSDC
Nado SPY-PERP
Lighter SPY
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC