Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.043%
Price spread now: Ondo Perps against Deribit−0.047%7-day average — · you buy dearer than you sell
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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Ondo Perps is 0.047% cheaper against Deribit than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.1 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SPY_USDC-PERPETUAL | 773.99 | 0 | get 0.0000% / 1h | 17m 43s | $23K | $56K | 20x |
| Short | Ondo Perps SPY-USD.P | 773.63 | 0.0050 | get 0.0006% / 1h | 17m 43s | $4.8M | $831K | 20x |
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Deribit. 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
- $10.58
- Price spread: −0.047% → 0.000%
- −$4.65
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$6.07
- Costs to cover
- 0.120%
- Break-even
- 11.0 days
Slippage unknown: Deribit: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Deribit 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0114% | 8h | 774.32 | +0.043% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0023% | 1h | 773.48 | −0.066% | $163K | $24K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | +0.035% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.38 | +0.050% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.89 | −0.013% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.47 | +0.062% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.41 | +0.054% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.78 | −0.027% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.34 | +0.174% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUALlong | 0.0000% | 1h | 773.99 | long leg | $23K | $56K | 20x |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.65 | +0.085% | $308K | $20K | 50x | as long as short |
| Binance SPYUSDT | +0.0004% | 8h | 774.32 | +0.043% | $28.2M | $79.9M | 50x | as long as short |
| MEXC SPY_USDT | +0.0005% | 8h | 774.31 | +0.041% | $26.8M | $12.1M | 100x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.047% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.17 | −0.106% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.63 | −0.047% | $4.8M | $831K | 20x | |
| Aster SPYUSDT | +0.0052% | 8h | 774.42 | +0.055% | $865K | $196K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.65 | +0.085% | $56.5M | $115.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.008% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0074% | 1h | 774.00 | +0.002% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.35 | +0.047% | $8.3M | $19.5M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.72 | −0.035% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.23 | +0.031% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.034% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.47 | +0.062% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.33 | +0.043% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0825% | 4h | 774.14 | +0.019% | $640K | $242K | 20x | as long as short |
HTX SPY-USDT
Binance SPYUSDT
MEXC SPY_USDT
Arcus SPY-USD
Vest SPY-USD-PERP
Aster SPYUSDT
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC