Funding you earn now, next payment 01:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h −0.032%
Price spread now: Ondo Perps against Binance−0.123%56s7-day average −0.127% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 2 days (all we have)−0.008%−$1 · spread now −0.123%, 7d avg −0.127%
=Together, before fees+0.089%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.127%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 56 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 | Binance SPYUSDT | 774.65 | 0.0013 | pay 0.0013% / 8h | 7h 53m | $28.5M | $82.2M | 50x |
| Short | Ondo Perps SPY-USD.P | 773.70 | 0.0050 | get 0.0006% / 1h | 53m 42s | $4.8M | $847K | 20x |
Binance SPYUSDT
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Binance. 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
- $7.85
- Price spread: −0.123% → −0.127%
- $0.4
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$6.75
- Costs to cover
- 0.150%
- Break-even
- 13.0 days
Slippage unknown: Binance: live order book, 4 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 Binance live order book, 4 min ago | 0.06 bp | 5.1 bp −$5 | 5.9 bp −$59 | 10.2 bp −$1,023 | 30.0 bp −$15.0K |
| 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 | −0.0108% | 8h | 774.65 | 0.000% | $412K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 774.07 | −0.075% | $161K | $296K | 20x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.43 | −0.157% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.51 | −0.018% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.78 | +0.017% | $6.2M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.69 | +0.005% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.22 | −0.056% | $762K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.73 | +0.139% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.012% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.64 | −0.001% | $28.7M | $11.4M | 100x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDTlong | +0.0013% | 8h | 774.65 | long leg | $28.5M | $82.2M | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.37 | −0.036% | $8.2M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.82 | +0.022% | $57.1M | $112.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.34 | −0.169% | — | $123K | 50x | as long as short |
| Bitget SPYUSDT | +0.0049% | 8h | 774.71 | +0.008% | $11.0M | $2.5M | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.70 | −0.123% | $4.8M | $847K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.084% | $954K | $579K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.09 | −0.072% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | −0.084% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.61 | −0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.17 | −0.062% | $87K | — | 10x | as long as short |
| GRVT SPY_USDT_Perp | +0.0118% | 8h | 774.63 | −0.003% | $157K | $400K | 10x | as long as short |
| Nado SPY-PERP | +0.0122% | 1h | 774.11 | −0.070% | $1.5M | $290K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.40 | −0.032% | $23K | $59K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.64 | −0.001% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.70 | +0.006% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0362% | 4h | 774.49 | −0.021% | $640K | $241K | 20x | as long as short |
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Bitget SPYUSDT
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GRVT SPY_USDT_Perp
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC