Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.2% APRnext payment −$1.20 per $10,000 · paid last 24h +0.009%
Price spread now: KuCoin against Binance−0.085%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$390.385% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 2 days (all we have)+0.004%$0 · spread now −0.085%, 7d avg −0.060%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.025% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPCXUSDT | 153.04 | 0.0220 | pay 0.0220% / 8h | 6h 34m | $252.9M | $1.37B | 75x |
| Short | KuCoin SPCXUSDTM | 152.91 | 0.0100 | get 0.0100% / 8h | 6h 34m | $13.0M | $5.5M | 20x |
Binance SPCXUSDT
KuCoin SPCXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$25.3
- Price spread: −0.085% → −0.060%
- −$2.52
- Slippage, 4 orders
- −$16.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$66.37
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; KuCoin: live order book, 9 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 Binance live order book, 10 min ago | 0.33 bp | 5.3 bp −$5 | 6.0 bp −$60 | 9.4 bp −$944 | 16.0 bp −$7,991 |
| Sell KuCoin live order book, 9 min ago | 0.98 bp | 12.5 bp −$13 | 41.8 bp −$418 | doesn't fit | doesn't fit |
SPCX on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SPCX/USD [ETH-USDC] | L −0.0337% / S +0.0534% | 1h | 153.00 | −0.029% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.00 | −0.026% | $96.1M | $31.2M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.730% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.90 | −0.091% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.20 | +0.105% | $8K | $948K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.03 | −0.007% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0025% | 1h | 152.95 | −0.060% | $7K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.94 | −0.065% | $1.6M | $7.2M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.92 | −0.078% | $2.5M | $7.2M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 153.32 | +0.183% | $9K | $27K | 5.5x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCX
Injective SPCX/USDC PERPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPCX-USD | +0.0040% | 1h | 152.94 | −0.065% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.99 | −0.033% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0049% | 1h | 152.99 | −0.033% | $1.2M | $6.8M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.98 | −0.039% | $501K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.00 | −0.026% | $1.7M | $89K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.03 | −0.007% | $534K | $406K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.80 | −0.157% | $3.2M | $2.6M | 10x | as long as short |
| Bybit SPCXUSDT | +0.0064% | 8h | 153.04 | 0.000% | $30.9M | $42.8M | 100x | as long as short |
| Paradex SPCX-USD-PERP | +0.0079% | 8h | 153.02 | −0.013% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.93 | −0.072% | $169K | $133K | 10x | as long as short |
| KuCoin SPCXUSDTMshort | +0.0100% | 8h | 152.91 | −0.085% | $13.0M | $5.5M | 20x | |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.89 | −0.098% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.01 | −0.020% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.00 | −0.028% | $89 | — | 10x | as long as short |
| Bullet SPCX-USD | +0.0133% | 1h | 153.03 | −0.007% | $11K | $190K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0150% | 1h | 152.99 | −0.033% | $142.4M | $119.1M | 20x | as long as short |
| Bitget SPCXUSDT | +0.0176% | 8h | 153.06 | +0.013% | $31.8M | $66.3M | 75x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0192% | 8h | 153.03 | −0.007% | $39.4M | $168.8M | 75x | as long as short |
| Variational Omni SPCX | +0.0205% | 8h | 153.00 | −0.025% | $6.0M | $3.3M | — | as long as short |
| Binance SPCXUSDTlong | +0.0220% | 8h | 153.04 | long leg | $252.9M | $1.37B | 75x | |
| Extended SPCX-USD | +0.0224% | 1h | 153.00 | −0.027% | $736K | $3.8M | 10x | as long as short |
| Nado SPCX-PERP | +0.0245% | 1h | 152.90 | −0.092% | $620K | $840K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0288% | 1h | 152.97 | −0.046% | $730K | $976K | 10x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 152.99 | −0.033% | $445K | $270K | 15x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0339% | 1h | 152.97 | −0.046% | $72K | $1.1M | 10x | as long as short |
| Aster SPCXUSD1 | +0.0392% | 8h | 153.09 | +0.036% | $19.0M | $16.1M | 20x | as long as short |
| RISEx SPCX/USDC | +0.0410% | 1h | 153.03 | −0.007% | $408K | $539K | 20x | as long as short |
| edgeX SPCXUSDC | +0.0965% | 4h | 152.93 | −0.070% | $1.7M | $893K | 20x | as long as short |
Arcus SPCX-USD
Vest SPCX-USD-PERP
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Bybit SPCXUSDT
Paradex SPCX-USD-PERP
Pacifica SPCX
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Bullet SPCX-USD
tradeXYZ xyz:SPCX
Bitget SPCXUSDT
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Extended SPCX-USD
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Deribit SPCX_USDC-PERPETUAL
Aster SPCXUSD1
RISEx SPCX/USDC
edgeX SPCXUSDC