Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against SunX−0.226%7-day average −0.196% · you buy dearer than you sell
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2592.588% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.226%, 7d avg −0.196%
=Funding pays, the price is against you. KuCoin is 0.029% cheaper against SunX than usual: you would sell low and buy high (spread −0.226% now, against its 7-day average of −0.196%). If the spread goes back, that is −$3 on $10k: about 24 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 | SunX SPY-USDT | 775.59 | 0 | get 0.0000% / 8h | 5h 30m | $2K | $1.4M | 10x |
| Short | KuCoin SPYUSDTM | 773.84 | 0.0100 | get 0.0100% / 8h | 5h 30m | $2.5M | $977K | 20x |
SunX SPY-USDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against SunX. 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: −0.226% → −0.196%
- −$2.95
- Slippage, 4 orders
- −$238.8
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$240.75
- Costs to cover
- 2.588%
- Break-even
- 87.2 days
Slippage from SunX: live order book, 4 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 SunX live order book, 4 min ago | 29.07 bp | 107.3 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 2.07 bp | 9.4 bp −$9 | 739.1 bp −$7,391 | 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 | −0.0109% | 8h | 774.49 | −0.142% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0066% | 1h | 773.48 | −0.272% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.84 | −0.226% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.48 | −0.143% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.41 | −0.152% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.96 | −0.210% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.61 | −0.126% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.52 | −0.138% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.59 | long leg | $2K | $1.4M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | −0.206% | $23K | $55K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.81 | −0.101% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0005% | 8h | 774.44 | −0.148% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0011% | 8h | 774.48 | −0.143% | $23.3M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0011% | 8h | 774.46 | −0.146% | $28.3M | $79.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.54 | −0.264% | $935K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.25 | −0.302% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0046% | 1h | 774.07 | −0.196% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.60 | −0.257% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.199% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.42 | −0.151% | $8.3M | $21.0M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.79 | −0.103% | $56.5M | $114.3M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.61 | −0.126% | $6.9M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.84 | −0.226% | $2.5M | $977K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.36 | −0.159% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | −0.224% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.49 | −0.142% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0382% | 4h | 774.33 | −0.162% | $640K | $242K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance 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
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC