Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.015%
Price spread now: KuCoin against Aster−0.084%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.084%, 7d avg −0.058%
=Together, before fees+0.147%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.026% cheaper against Aster than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.058%). If the spread goes back, that is −$3 on $10k: about 21 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 | Aster SPYUSDT | 773.87 | 0 | get 0.0000% / 8h | 5m 45s | $863K | $193K | 20x |
| Short | KuCoin SPYUSDTM | 773.22 | 0.0100 | get 0.0100% / 8h | 5m 45s | $2.5M | $997K | 20x |
Aster SPYUSDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Aster. 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: −0.084% → −0.058%
- −$2.59
- Slippage, 4 orders
- −$14.92
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$16.51
- Costs to cover
- 0.349%
- Break-even
- 12.5 days
Slippage from Aster: live order book, 32 min ago; KuCoin: live order book, 11 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 Aster live order book, 32 min ago | 0.13 bp | 5.4 bp −$5 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 2.33 bp | 10.2 bp −$10 | 720.7 bp −$7,207 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0155% | 1h | 773.28 | −0.076% | $158K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 773.83 | −0.005% | $418K | $444K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0025% | 1h | 773.36 | −0.066% | $164K | $25K | 50x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 773.87 | long leg | $863K | $193K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 773.82 | −0.006% | $28.6M | $75.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.67 | −0.026% | $6.2M | $1.6M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.74 | −0.017% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.29 | −0.075% | $770K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.82 | −0.006% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.93 | +0.008% | $10.9M | $1.6M | 50x | as long as short |
Phoenix SPY
BloFin SPY-USDT
ApeX Omni SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.10 | +0.030% | $169K | $341K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 774.91 | +0.134% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.16 | +0.038% | $300K | $38K | 50x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.02 | +0.020% | $7.1M | $4.0M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.80 | −0.009% | $951K | $509K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.99 | +0.016% | $56.5M | $121.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.28 | −0.076% | $923K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.64 | −0.159% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.10 | −0.099% | $4.8M | $865K | 20x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 773.37 | −0.065% | $1.6M | $247K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 773.49 | −0.049% | $23K | $54K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.22 | −0.084% | $2.5M | $997K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.83 | −0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.26 | −0.078% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 773.84 | −0.004% | $7.9M | $18.0M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.82 | −0.007% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0299% | 4h | 773.83 | −0.005% | $639K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC