data as of
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Funding arb /

SPY

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.0136%/8h
next payment, per $10,000−$1.36paid, last 24h+0.020%paid, last 7 days+0.148%to open and close $10k−$35
Long on BitgetShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPYUSDT770.430.0236pay 0.0236% / 8h24m 59s$11.1M$2.8M50x
ShortKuCoin SPYUSDTM769.790.0100get 0.0100% / 8h24m 59s$2.4M$1.2M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$28.56
Slippage, 4 orders
−$11.42
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$63.98
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 8 min ago.

Price risk

price view
Price gap now
−0.083%
Avg gap 7d
−0.065%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago0.19 bp7.1 bp −$710.0 bp −$10015.0 bp −$1,49722.7 bp −$11.4K
Sell KuCoin live order book, 8 min ago0.97 bp9.0 bp −$9113.4 bp −$1,134doesn't fitdoesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0375%1h$157K$264K20xas long as short
Bybit SPYUSDT0.0000%8h$6.2M$1.8M100xas long as short
Gate SPY_USDT0.0000%8h$814K$1.4M75xas long as short
SunX SPY-USDT0.0000%8h$2K$1.4M10xas long as short
HTX SPY-USDT0.0000%8h$307K$23K50xas long as short
BloFin SPY-USDT+0.0023%8h$442K$668K50xas long as short
Lighter SPY+0.0032%1h$9.5M$18.2M50xas long as short
Lighter RH SPY+0.0032%1h$57.6M$117.3M50xas long as short
Nado SPY-PERP+0.0034%1h$1.6M$368K20xas long as short
Arcus SPY-USD+0.0040%1h$1.0M$1.0M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Vest SPY-USD-PERP+0.0046%1h—$61K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h$4.8M$414K20xas long as short
edgeX SPYUSDC+0.0058%4h$642K$235K20xas long as short
OKX SPY-USDT-SWAP+0.0100%8h$8.2M$2.7M50xas long as short
KuCoin SPYUSDTMshort+0.0100%8h$2.4M$1.2M20x
ApeX Omni SPYUSDT+0.0100%1h$154K$31K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h$1K—20xas long as short
Aevo SPY-PERP+0.0104%1h$86K—10xas long as short
MEXC SPY_USDT+0.0142%8h$23.4M$10.5M100xas long as short
Binance SPYUSDT+0.0143%8h$32.9M$61.4M50xas long as short
Aster SPYUSDT+0.0166%8h$863K$164K20xas long as short
Coinbase International SPY-PERP-INTX+0.0192%1h$953K$565K20xas long as short
Deribit SPY_USDC-PERPETUAL+0.0205%1h$18K$57K20xas long as short
Bitget SPYUSDTlong+0.0236%8h$11.1M$2.8M50x
RISEx SPY/USDC+0.0258%1h$6.9M$5.6M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0462% / S −0.4251%1h$24K—53xas long as short