Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.017%
Price spread now: KuCoin against Lighter RH−0.101%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.101%, 7d avg −0.057%
=Together, before fees+0.100%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.044% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.057%). If the spread goes back, that is −$4 on $10k: about 2.2 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SPY | 772.84 | 0.0032 | pay 0.0004% / 1h | 34m 10s | $56.7M | $118.5M | 50x |
| Short | KuCoin SPYUSDTM | 772.06 | 0.0100 | get 0.0100% / 8h | 7h 34m | $2.5M | $1.0M | 20x |
Lighter RH SPY
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Lighter RH. 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
- $14.28
- Price spread: −0.101% → −0.057%
- −$4.39
- Slippage, 4 orders
- −$17.7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$19.82
- Costs to cover
- 0.297%
- Break-even
- 16.7 days
Slippage from Lighter RH: live order book, 5 min ago; KuCoin: live order book, 3 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 Lighter RH live order book, 5 min ago | 0.06 bp | 0.1 bp $0 | 0.8 bp −$8 | 5.4 bp −$538 | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.36 bp | 12.8 bp −$13 | 88.4 bp −$884 | 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 | 772.64 | −0.026% | $416K | $439K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.09 | −0.097% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.62 | −0.028% | $863K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.62 | −0.028% | $28.6M | $75.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.71 | −0.017% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.78 | −0.008% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.17 | −0.087% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.61 | −0.030% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.83 | −0.001% | $10.9M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.08 | +0.031% | $160K | $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 | 773.74 | +0.116% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.88 | +0.005% | $299K | $38K | 50x | as long as short |
| Lighter RH SPYlong | +0.0032% | 1h | 772.84 | long leg | $56.7M | $118.5M | 50x | |
| Arcus SPY-USD | +0.0040% | 1h | 771.84 | −0.129% | $922K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.49 | −0.175% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0048% | 1h | 772.47 | −0.048% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.89 | −0.123% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.12 | −0.093% | $950K | $507K | 20x | as long as short |
| Nado SPY-PERP | +0.0076% | 1h | 772.20 | −0.083% | $1.5M | $250K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 772.06 | −0.101% | $2.5M | $1.0M | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.19 | −0.084% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.55 | −0.038% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.07 | −0.100% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 772.65 | −0.025% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.62 | −0.029% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.59 | −0.032% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0424% | 4h | 772.65 | −0.024% | $638K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC