Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.007%
Price spread now: Ondo Perps against ApeX Omni−0.070%112s7-day average −0.104% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.228%−$23 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.070%, 7d avg −0.104%
=Together, before fees−0.186%+ Points / potential airdropOndo Perps: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.035% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.070% now, against its 7-day average of −0.104%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.228% in total) that is about 25 hours. The two prices were read 112 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 | ApeX Omni SPYUSDT | 772.70 | 0.0100 | pay 0.0013% / 1h | 41m 42s | $164K | $25K | 50x |
| Short | Ondo Perps SPY-USD.P | 772.16 | 0.0050 | get 0.0006% / 1h | 41m 42s | $4.8M | $849K | 20x |
ApeX Omni SPYUSDT
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against ApeX Omni. 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
- −$10.42
- Price spread: −0.070% → −0.104%
- $3.46
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$21.96
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 54 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 54 min ago | 3.36 bp | 8.5 bp −$8 | 58.6 bp −$586 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 772.79 | +0.012% | $417K | $440K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.70 | 0.000% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.74 | +0.005% | $863K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.70 | 0.000% | $28.6M | $75.0M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.57 | −0.017% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.71 | +0.001% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.49 | −0.027% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.68 | −0.003% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.84 | +0.018% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.48 | +0.102% | $160K | $340K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 773.88 | +0.153% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.50 | +0.104% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.79 | +0.012% | $56.6M | $117.9M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0035% | 1h | 772.39 | −0.040% | $23K | $54K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.02 | −0.088% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.56 | −0.148% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 772.16 | −0.070% | $4.8M | $849K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.142% | $951K | $508K | 20x | as long as short |
| Nado SPY-PERP | +0.0057% | 1h | 772.30 | −0.052% | $1.5M | $251K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.38 | −0.041% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDTlong | +0.0100% | 1h | 772.70 | long leg | $164K | $25K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.73 | +0.004% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.24 | −0.060% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0128% | 1h | 772.69 | −0.001% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.73 | +0.003% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.87 | +0.022% | $7.2M | $3.6M | 25x | as long as short |
| edgeX SPYUSDC | +0.0884% | 4h | 773.08 | +0.049% | $639K | $243K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC