Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.090%
Price spread now: KuCoin against BloFin−0.337%95s7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1801.797% of the position
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 3 days (all we have)+0.495%+$49 · spread now −0.337%, 7d avg −0.064%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.273% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.064%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPX-USDT | 0.5049 | 0.0340 | pay 0.0170% / 4h | 1h 23m | $256K | $953K | 75x |
| Short | KuCoin SPXUSDTM | 0.5032 | 0.0100 | get 0.0050% / 4h | 1h 23m | $3.8M | $5.2M | 50x |
BloFin SPX-USDT
KuCoin SPXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$50.4
- Price spread: −0.337% → −0.064%
- −$27.32
- Slippage, 4 orders
- −$155.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$257.38
- Costs to cover
- 1.797%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 58 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 BloFin live order book, 58 min ago | 0.99 bp | 15.8 bp −$16 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 2.98 bp | 59.6 bp −$60 | 286.0 bp −$2,860 | doesn't fit | doesn't fit |
SPX on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.1246% | 1h | 0.5029 | −0.398% | $233K | $551K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.386% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0056% | 4h | 0.5024 | −0.498% | $848K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5038 | −0.220% | $116K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5029 | −0.388% | $9.7M | $7.4M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5045 | −0.071% | $127K | $104K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5036 | −0.257% | $5.1M | $20.0M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5025 | −0.475% | $11.7M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5032 | −0.337% | $983K | $2.7M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5029 | −0.396% | $1.0M | $478K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Variational Omni SPX
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5032 | −0.337% | $11.3M | $4.6M | 100x | as long as short |
| KuCoin SPXUSDTMshort | +0.0100% | 4h | 0.5032 | −0.337% | $3.8M | $5.2M | 50x | |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5035 | −0.277% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5033 | −0.317% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5035 | −0.277% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5039 | −0.198% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5021 | −0.555% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5034 | −0.307% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDTlong | +0.0340% | 4h | 0.5049 | long leg | $256K | $953K | 75x |
MEXC SPX_USDT
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD