Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: HTX against KuCoin+0.127%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.127%, 7d avg +0.086%
=The price spread pays, funding is against you. HTX is 0.041% dearer against KuCoin than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.086%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPYUSDTM | 773.71 | 0.0100 | pay 0.0100% / 8h | 5h 23m | $2.5M | $977K | 20x |
| Short | HTX SPY-USDT | 774.69 | 0 | get 0.0000% / 8h | 5h 23m | $308K | $20K | 50x |
KuCoin SPYUSDTM
HTX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$21
- Price spread: +0.127% → +0.086%
- $4.1
- Slippage, 4 orders
- −$20.21
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$61.11
- Costs to cover
- 0.442%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; HTX: live order book, 38 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, 3 min ago | 2.13 bp | 13.7 bp −$14 | 102.6 bp −$1,026 | doesn't fit | doesn't fit |
| Sell HTX live order book, 38 min ago | 2.45 bp | 12.6 bp −$13 | 14.4 bp −$144 | 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 | −0.0108% | 8h | 774.37 | +0.085% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0082% | 1h | 773.48 | −0.030% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.71 | 0.000% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.41 | +0.090% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | +0.089% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.87 | +0.021% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.53 | +0.106% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.46 | +0.097% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.48 | +0.229% | $1K | $1.4M | 10x | as long as short |
| HTX SPY-USDTshort | 0.0000% | 8h | 774.69 | +0.127% | $308K | $20K | 50x |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | +0.0007% | 8h | 774.43 | +0.093% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.35 | +0.083% | $23.3M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0012% | 8h | 774.35 | +0.083% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.57 | −0.018% | $929K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.12 | −0.076% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 773.87 | +0.021% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.026% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.044% | $954K | $552K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 773.99 | +0.036% | $23K | $55K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.25 | +0.070% | $8.3M | $21.0M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.61 | +0.116% | $56.4M | $114.6M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.53 | +0.106% | $6.9M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 773.71 | long leg | $2.5M | $977K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.087% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.82 | +0.014% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.38 | +0.086% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0718% | 4h | 774.22 | +0.065% | $640K | $241K | 20x | as long as short |
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
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