Funding you earn now, next payment 05:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.022%
Price spread now: KuCoin against Arcus0.000%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 4 days (all we have)+0.020%+$2 on $10k
+Price spread, last 7 days+0.075%+$7 · spread now 0.000%, 7d avg +0.054%
=Funding pays, the price is against you. KuCoin is 0.054% cheaper against Arcus than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.054%). If the spread goes back, that is −$5 on $10k: about 3.0 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.020% in total) that is about 9.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 773.46 | 0.0040 | pay 0.0005% / 1h | 39m 08s | $928K | $1.4M | 50x |
| Short | KuCoin SPYUSDTM | 773.46 | 0.0100 | get 0.0100% / 8h | 3h 39m | $2.5M | $972K | 20x |
Arcus SPY-USD
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Arcus. 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
- $12.54
- Price spread: 0.000% → +0.054%
- −$5.39
- Slippage, 4 orders
- −$16.87
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$26.22
- Costs to cover
- 0.334%
- Break-even
- 21.6 days
Slippage from Arcus: live order book, 5 min ago; KuCoin: live order book, 3 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 Arcus live order book, 5 min ago | 0.06 bp | 3.0 bp −$3 | 3.7 bp −$37 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.17 bp | 11.0 bp −$11 | 106.5 bp −$1,065 | 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 | 774.25 | +0.102% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.71 | +0.032% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.12 | +0.085% | $28.1M | $79.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.11 | +0.084% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.05 | +0.076% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.66 | +0.026% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.15 | +0.089% | $29.0M | $12.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.32 | +0.111% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.29 | +0.108% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.24 | +0.230% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.40 | +0.122% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0019% | 8h | 774.12 | +0.085% | $864K | $194K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0028% | 1h | 773.48 | +0.003% | $163K | $24K | 50x | as long as short |
| Arcus SPY-USDlong | +0.0040% | 1h | 773.46 | long leg | $928K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.05 | −0.053% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0047% | 1h | 773.83 | +0.048% | $1.5M | $285K | 20x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.47 | +0.131% | $56.4M | $116.6M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.03 | −0.056% | $4.8M | $839K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.076% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.24 | +0.101% | $8.2M | $19.2M | 50x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.46 | 0.000% | $2.5M | $972K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.12 | +0.085% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.31 | +0.110% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.59 | +0.017% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 774.05 | +0.076% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | +0.092% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0699% | 4h | 774.09 | +0.081% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
ApeX Omni SPYUSDT
Vest SPY-USD-PERP
Nado SPY-PERP
Lighter RH SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC