Funding you earn now, next payment 08:00 UTC+0.0208%/8h= +22.7% APRnext payment +$2.08 per $10,000 · paid last 24h +0.023%
Price spread now: KuCoin against BloFin−0.089%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days+0.400%+$40 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.089%, 7d avg −0.056%
=Funding pays, the price is against you. KuCoin is 0.033% cheaper against BloFin than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.056%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPY-USDT | 774.37 | −0.0108 | get 0.0108% / 8h | 5h 22m | $418K | $468K | 50x |
| Short | KuCoin SPYUSDTM | 773.68 | 0.0100 | get 0.0100% / 8h | 5h 22m | $2.5M | $977K | 20x |
BloFin SPY-USDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- $43.58
- Price spread: −0.089% → −0.056%
- −$3.34
- Slippage, 4 orders
- −$11.3
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $4.93
- Costs to cover
- 0.353%
- Break-even
- 6.2 days
Slippage from BloFin: live order book, 18 min ago; KuCoin: live order book, 4 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 BloFin live order book, 18 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 6.9 bp −$688 | 12.3 bp −$6,152 |
| Sell KuCoin live order book, 4 min ago | 2.13 bp | 9.5 bp −$9 | 117.6 bp −$1,176 | 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-USDTlong | −0.0108% | 8h | 774.37 | long leg | $418K | $468K | 50x | |
| ApeX Omni SPYUSDT | −0.0076% | 1h | 773.48 | −0.115% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.71 | −0.085% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.41 | +0.005% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | +0.004% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.86 | −0.066% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.53 | +0.021% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.46 | +0.011% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.47 | +0.142% | $1K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.69 | +0.041% | $308K | $20K | 50x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | +0.0007% | 8h | 774.43 | +0.008% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.36 | −0.001% | $23.3M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0012% | 8h | 774.35 | −0.002% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.57 | −0.103% | $929K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.15 | −0.158% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.111% | $4.8M | $842K | 20x | as long as short |
| Nado SPY-PERP | +0.0051% | 1h | 773.87 | −0.065% | $1.5M | $292K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.041% | $954K | $552K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 773.99 | −0.049% | $23K | $55K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.25 | −0.015% | $8.3M | $21.0M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.61 | +0.031% | $56.4M | $114.6M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.53 | +0.021% | $6.9M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.68 | −0.089% | $2.5M | $977K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.001% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.76 | −0.079% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.38 | +0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0432% | 4h | 774.22 | −0.020% | $640K | $241K | 20x | as long as short |
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC