Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against HTX−0.075%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.075%, 7d avg −0.089%
=The price spread sits at its 7-day average of −0.089%, 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 | HTX SPY-USDT | 774.65 | 0 | get 0.0000% / 8h | 4h 53m | $300K | $25K | 50x |
| Short | KuCoin SPYUSDTM | 774.07 | 0.0100 | get 0.0100% / 8h | 4h 53m | $2.5M | $1.0M | 20x |
HTX SPY-USDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against HTX. 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: −0.075% → −0.089%
- $1.39
- Slippage, 4 orders
- −$27.79
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$29.4
- Costs to cover
- 0.518%
- Break-even
- 16.8 days
Slippage from HTX: live order book, 51 min ago; KuCoin: live order book, 1 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 HTX live order book, 51 min ago | 6.71 bp | 14.0 bp −$14 | 15.0 bp −$150 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 2.13 bp | 9.7 bp −$10 | 82.5 bp −$825 | doesn't fit | doesn't fit |
SPY on 27 exchanges
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 | 774.61 | −0.005% | $420K | $371K | 50x | as long as short |
| Arcus SPY-USD | −0.0042% | 1h | 773.76 | −0.115% | $1.0M | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.51 | −0.018% | $863K | $207K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.44 | −0.027% | $28.5M | $73.2M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.56 | −0.012% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.60 | −0.006% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.40 | −0.032% | $7.1M | $3.1M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.17 | −0.062% | $789K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.53 | −0.015% | $29.4M | $13.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.64 | −0.001% | $11.1M | $1.5M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.86 | +0.027% | $165K | $335K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.97 | −0.088% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.78 | +0.146% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.34 | −0.040% | $23K | $38K | 20x | as long as short |
| HTX SPY-USDTlong | 0.0000% | 8h | 774.65 | long leg | $300K | $25K | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.37 | −0.036% | $7.8M | $16.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.68 | +0.004% | $57.2M | $114.6M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0040% | 1h | 774.26 | −0.050% | $952K | $172K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.50 | −0.148% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.59 | −0.137% | $4.8M | $835K | 20x | as long as short |
| Nado SPY-PERP | +0.0067% | 1h | 774.33 | −0.042% | $1.5M | $277K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 774.07 | −0.075% | $2.5M | $1.0M | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.10 | −0.071% | $226K | $54K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.59 | −0.008% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.02 | −0.081% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0190% | 4h | 774.39 | −0.034% | $640K | $242K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.67 | +0.003% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]