Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against KuCoin+0.063%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.063% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPYUSDTM | 773.66 | 0.0100 | pay 0.0100% / 8h | 32m 51s | $2.5M | $1.0M | 20x |
| Short | Orderly PERP_SPY_USDC_mythos | 774.15 | 0.0100 | get 0.0100% / 8h | 32m 51s | $1K | — | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against KuCoin. 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
- $0
- Price spread: +0.063% → 0.000%
- $6.33
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$11.67
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
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 KuCoin live order book, 4 min ago | 3.23 bp | 15.2 bp −$15 | 112.2 bp −$1,122 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0163% | 1h | 773.48 | −0.023% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0155% | 1h | 774.01 | +0.045% | $160K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | +0.057% | $418K | $446K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | +0.083% | $863K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.30 | +0.083% | $28.6M | $76.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.10 | +0.057% | $6.2M | $1.6M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.29 | +0.081% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.76 | +0.013% | $770K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.31 | +0.084% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.45 | +0.102% | $10.9M | $1.6M | 50x | as long as short |
Show 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 | +0.094% | $169K | $341K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.38 | +0.222% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.87 | +0.027% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.57 | +0.118% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0012% | 1h | 774.05 | +0.051% | $1.6M | $246K | 20x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.53 | +0.113% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | +0.034% | $950K | $530K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.53 | +0.112% | $56.7M | $118.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.62 | −0.005% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.22 | −0.057% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.46 | −0.026% | $4.8M | $865K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.37 | +0.092% | $8.0M | $17.8M | 50x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 773.66 | long leg | $2.5M | $1.0M | 20x | |
| Orderly PERP_SPY_USDC_mythosshort | +0.0100% | 8h | 774.15 | +0.063% | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.74 | +0.010% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | +0.085% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0868% | 4h | 774.14 | +0.062% | $640K | $242K | 20x | as long as short |
KuCoin SPYUSDTM
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 SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC