Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −5.9% APRnext payment $0.07 per $10,000 · paid last 24h −0.021%
Price spread now: Ondo Perps against Aevo−0.028%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.250%−$25 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.028% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo SPY-PERP771.610.0104pay 0.0013% / 1h27m 10s$87K10x
ShortOndo Perps SPY-USD.P771.400.0050get 0.0006% / 1h27m 10s$4.8M$849K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$11.26
Price spread: −0.028% → 0.000%
−$2.76
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$35.02
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Ondo Perps no order-book sample
Aevo and Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SPY-USDT−0.0120%8h772.15+0.070%$417K$436K50xas long as short
Phoenix SPY−0.0031%1h771.58−0.004%$158K$151K20xas long as short
Aster SPYUSDT0.0000%8h772.23+0.080%$863K$199K20xas long as short
Binance SPYUSDT0.0000%8h772.19+0.075%$28.6M$75.6M50xas long as short
Bybit SPYUSDT0.0000%8h772.15+0.070%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h772.06+0.058%$7.8M$3.1M50xas long as short
Gate SPY_USDT0.0000%8h771.86+0.032%$790K$2.5M75xas long as short
MEXC SPY_USDT0.0000%8h772.21+0.077%$19.1M$12.2M100xas long as short
Bitget SPYUSDT0.0000%8h772.31+0.090%$10.9M$1.6M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h772.56+0.123%$159K$330K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h773.37+0.228%$2K$1.3M10xas long as short
HTX SPY-USDT0.0000%8h772.37+0.098%$299K$38K50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0009%1h771.95+0.044%$23K$55K20xas long as short
Lighter RH SPY+0.0032%1h772.39+0.101%$56.7M$119.2M50xas long as short
Arcus SPY-USD+0.0040%1h771.42−0.025%$922K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h771.05−0.073%$123K50xas long as short
Ondo Perps SPY-USD.Pshort+0.0050%1h771.40−0.028%$4.8M$849K20x
Coinbase International SPY-PERP-INTX+0.0056%1h771.63+0.002%$949K$506K20xas long as short
Nado SPY-PERP+0.0092%1h771.79+0.023%$1.5M$252K20xas long as short
KuCoin SPYUSDTM+0.0100%8h771.66+0.006%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h771.86+0.032%$164K$25K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h772.18+0.073%$1K20xas long as short
Aevo SPY-PERPlong+0.0104%1h771.61long leg$87K10x
Lighter SPY+0.0112%1h772.13+0.067%$7.9M$17.1M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h772.25+0.082%$10K26xas long as short
RISEx SPY/USDC+0.0211%1h772.24+0.082%$7.2M$3.5M25xas long as short
edgeX SPYUSDC+0.0861%4h772.20+0.077%$638K$243K20xas long as short