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: KuCoin against Gate−0.028%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 7 days−0.030%−$3 · spread now −0.028%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.85 | 0 | get 0.0000% / 8h | 5h 46m | $780K | $2.4M | 75x |
| Short | KuCoin SPYUSDTM | 773.63 | 0.0100 | get 0.0100% / 8h | 5h 46m | $2.5M | $972K | 20x |
Gate SPY_USDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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: −0.028% → −0.036%
- $0.72
- Slippage, 4 orders
- −$20.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$26.18
- Costs to cover
- 0.479%
- Break-even
- 15.7 days
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago | 2.71 bp | 10.9 bp −$11 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 2.33 bp | 9.4 bp −$9 | 819.6 bp −$8,196 | 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 | −0.0112% | 8h | 774.41 | +0.072% | — | $474K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0062% | 1h | 772.87 | −0.127% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.72 | −0.017% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.40 | +0.071% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.52 | +0.087% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.85 | long leg | $780K | $2.4M | 75x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.52 | +0.087% | $10.9M | $2.0M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.50 | +0.084% | $161K | $380K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.52 | +0.216% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.115% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | +0.0002% | 8h | 774.47 | +0.080% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0007% | 8h | 774.39 | +0.070% | $22.6M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0008% | 8h | 774.37 | +0.067% | $28.4M | $79.9M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 774.01 | +0.021% | $23K | $55K | 20x | as long as short |
| Nado SPY-PERP | +0.0037% | 1h | 773.93 | +0.010% | $1.5M | $288K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.48 | −0.048% | $935K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.092% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.52 | −0.043% | $4.8M | $842K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.30 | +0.058% | $8.3M | $21.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.026% | $954K | $552K | 20x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.46 | +0.078% | $7.0M | $5.2M | 25x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.63 | −0.028% | $2.5M | $972K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.27 | +0.054% | $1K | — | 20x | as long as short |
| Lighter RH SPY | +0.0104% | 1h | 774.68 | +0.107% | $56.6M | $112.7M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.78 | −0.009% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.39 | +0.070% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0788% | 4h | 774.32 | +0.061% | $640K | $242K | 20x | as long as short |
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Deribit SPY_USDC-PERPETUAL
Nado SPY-PERP
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Coinbase International SPY-PERP-INTX
RISEx SPY/USDC
Orderly PERP_SPY_USDC_mythos
Lighter RH SPY
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC