Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.5% APRpaid last 24h −0.024%
Price spread now: KuCoin against RISEx−0.119%7-day average −0.048% · 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−$39as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 7 days+0.068%+$7 · spread now −0.119%, 7d avg −0.048%
=Funding pays, the price is against you. KuCoin is 0.072% cheaper against RISEx than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.048%). If the spread goes back, that is −$7 on $10k: about 2.8 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.58 | 0.0014 | pay 0.0002% / 1h | 30m 50s | $7.1M | $4.1M | 25x |
| Short | KuCoin SPYUSDTM | 773.66 | 0.0100 | get 0.0100% / 8h | 30m 50s | $2.5M | $1.0M | 20x |
RISEx SPY/USDC
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against RISEx. 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
- $18.14
- Price spread: −0.119% → −0.048%
- −$7.15
- Slippage, 4 orders
- −$14.04
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$21.05
- Costs to cover
- 0.320%
- Break-even
- 15.1 days
Slippage from RISEx: live order book, 3 min ago; KuCoin: live order book, 6 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 RISEx live order book, 3 min ago | 0.06 bp | 3.1 bp −$3 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 3.23 bp | 10.4 bp −$10 | 111.5 bp −$1,115 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0164% | 1h | 773.17 | −0.183% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0155% | 1h | 774.01 | −0.074% | $160K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.064% | $418K | $445K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | −0.037% | $863K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.33 | −0.033% | $28.6M | $76.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.10 | −0.063% | $6.2M | $1.6M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.32 | −0.034% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.80 | −0.101% | $770K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.33 | −0.033% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | −0.013% | $10.9M | $1.6M | 50x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.39 | −0.025% | $169K | $341K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.40 | +0.105% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | −0.077% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.57 | −0.002% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0013% | 1h | 774.00 | −0.076% | $1.6M | $246K | 20x | as long as short |
| RISEx SPY/USDClong | +0.0014% | 1h | 774.58 | long leg | $7.1M | $4.1M | 25x | |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | −0.086% | $950K | $530K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.56 | −0.003% | $56.6M | $119.0M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.62 | −0.125% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.25 | −0.172% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.139% | $4.8M | $866K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.43 | −0.020% | $8.0M | $17.8M | 50x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.66 | −0.119% | $2.5M | $1.0M | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.25 | −0.043% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.75 | −0.107% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.34 | −0.032% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0852% | 4h | 774.17 | −0.053% | $640K | $243K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC