Funding you earn now, next payment 09:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.022%
Price spread now: Arcus against KuCoin−0.039%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$370.365% of the position
Funding, last 4 days (all we have)−0.028%−$3 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now −0.039%, 7d avg −0.052%
=The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPYUSDTM | 772.38 | 0.0100 | pay 0.0100% / 8h | 7h 19m | $2.5M | $1.0M | 20x |
| Short | Arcus SPY-USD | 772.08 | 0.0040 | get 0.0005% / 1h | 19m 37s | $924K | $1.3M | 50x |
KuCoin SPYUSDTM
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against KuCoin. 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: −0.039% → −0.052%
- $1.31
- Slippage, 4 orders
- −$20
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$47.73
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Arcus: 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 KuCoin live order book, 7 min ago | 2.14 bp | 15.5 bp −$16 | 99.1 bp −$991 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 4 min ago | 0.06 bp | 5.5 bp −$5 | 7.5 bp −$75 | 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 | 772.70 | +0.041% | $418K | $408K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.16 | −0.028% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.52 | +0.018% | $861K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.02 | +0.083% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.96 | +0.075% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.07 | +0.089% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.73 | +0.045% | $791K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.10 | +0.093% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.28 | +0.117% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.80 | +0.054% | $165K | $340K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 773.97 | +0.206% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 772.70 | +0.041% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.68 | +0.039% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.31 | +0.120% | $56.8M | $119.9M | 50x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 772.08 | −0.039% | $924K | $1.3M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.83 | −0.071% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.82 | −0.073% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.19 | −0.025% | $951K | $508K | 20x | as long as short |
| Nado SPY-PERP | +0.0068% | 1h | 772.79 | +0.053% | $1.5M | $255K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 773.09 | +0.092% | $7.8M | $17.2M | 50x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 772.38 | long leg | $2.5M | $1.0M | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.38 | 0.000% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.73 | +0.045% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.20 | −0.023% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.84 | +0.059% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.00 | +0.080% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0508% | 4h | 772.55 | +0.022% | $638K | $243K | 20x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC