Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.090%
Price spread now: KuCoin against BloFin−0.099%65s7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1911.909% of the position
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 3 days (all we have)+0.202%+$20 · spread now −0.099%, 7d avg −0.065%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.033% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.065%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPX-USDT | 0.5067 | 0.0340 | pay 0.0170% / 4h | 44m 09s | $246K | $987K | 75x |
| Short | KuCoin SPXUSDTM | 0.5062 | 0.0100 | get 0.0050% / 4h | 44m 09s | $3.7M | $5.3M | 50x |
BloFin SPX-USDT
KuCoin SPXUSDTMFunding 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
- −$50.4
- Price spread: −0.099% → −0.065%
- −$3.34
- Slippage, 4 orders
- −$166.95
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$244.68
- Costs to cover
- 1.909%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 33 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, 33 min ago | 5.03 bp | 13.4 bp −$13 | 44.9 bp −$449 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 4.95 bp | 88.3 bp −$88 | 293.0 bp −$2,930 | doesn't fit | doesn't fit |
SPX on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.1175% | 1h | 0.5072 | +0.105% | $241K | $560K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.737% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0055% | 4h | 0.5072 | +0.106% | $856K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5068 | +0.022% | $117K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5085 | +0.365% | $9.8M | $7.6M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5068 | +0.011% | $129K | $109K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5076 | +0.182% | $5.0M | $20.9M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5071 | +0.079% | $11.6M | $16.0M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5079 | +0.237% | $966K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5075 | +0.158% | $1.0M | $497K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Variational Omni SPX
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5073 | +0.118% | $11.3M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTMshort | +0.0100% | 4h | 0.5062 | −0.099% | $3.7M | $5.3M | 50x | |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5084 | +0.336% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5074 | +0.138% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5060 | −0.138% | $45K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5071 | +0.079% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5053 | −0.276% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5066 | −0.028% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDTlong | +0.0340% | 4h | 0.5067 | long leg | $246K | $987K | 75x |
MEXC SPX_USDT
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD