Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Bybit against KuCoin−0.118%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1591.589% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now −0.118%, 7d avg −0.118%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPXUSDTM | 0.5085 | 0.0100 | pay 0.0050% / 4h | 3h 25m | $3.7M | $5.4M | 50x |
| Short | Bybit SPXUSDT | 0.5079 | 0.0100 | get 0.0050% / 4h | 3h 25m | $11.5M | $16.1M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- $0
- Price spread: −0.118% → −0.118%
- −$0.04
- Slippage, 4 orders
- −$135.89
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$158.93
- Costs to cover
- 1.589%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 2 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 KuCoin live order book, 2 min ago | 4.91 bp | 80.2 bp −$80 | 453.9 bp −$4,539 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.97 bp | 16.1 bp −$16 | 48.1 bp −$481 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SPX | +0.0017% | 4h | 0.5078 | −0.134% | $844K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −2.085% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5091 | +0.116% | $127K | $314K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5088 | +0.063% | $10.0M | $7.8M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5085 | +0.004% | $129K | $110K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5086 | +0.011% | $5.1M | $21.3M | 75x | as long as short |
| Bybit SPXUSDTshort | +0.0100% | 4h | 0.5079 | −0.118% | $11.5M | $16.1M | 50x | |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5083 | −0.039% | $965K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5080 | −0.098% | $1.1M | $514K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5088 | +0.059% | $11.2M | $4.7M | 100x | as long as short |
Show all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTMlong | +0.0100% | 4h | 0.5085 | long leg | $3.7M | $5.4M | 50x | |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5089 | +0.079% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5081 | −0.079% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5088 | +0.059% | $46K | $247K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5090 | +0.098% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5078 | −0.138% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5081 | −0.071% | $33K | $261K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5098 | +0.256% | $252K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.0962% | 1h | 0.5094 | +0.175% | $247K | $553K | 20x | as long as short |
KuCoin SPXUSDTM
Bybit SPXUSDT
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT
Kraken Futures PF_SPXUSD