Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%
Price spread now: Ondo Perps against Gate−0.028%7-day average −0.150% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days−0.198%−$20 · spread now −0.028%, 7d avg −0.150%
=Together, before fees−0.277%+ Points / potential airdropOndo Perps: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.121% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.150%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.39 | 0 | get 0.0000% / 8h | 2h 12m | $746K | $2.2M | 75x |
| Short | Ondo Perps SPY-USD.P | 773.17 | 0.0050 | get 0.0006% / 1h | 12m 25s | $4.8M | $917K | 20x |
Gate SPY_USDT
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Gate. 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: −0.028% → −0.150%
- $12.13
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $2.72
- Costs to cover
- 0.200%
- Break-even
- 5.2 days
Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago | 0.39 bp | 15.2 bp −$15 | 19.9 bp −$199 | 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 | 774.05 | +0.085% | $414K | $722K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.79 | +0.052% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.05 | +0.085% | $28.4M | $87.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.18 | +0.102% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.07 | +0.088% | $8.0M | $3.6M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.39 | long leg | $746K | $2.2M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.04 | +0.084% | $25.4M | $12.1M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.00 | +0.078% | $157K | $454K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.39 | 0.000% | $161K | $296K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.10 | +0.221% | $2K | $1.6M | 10x | as long as short |
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
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 | 774.14 | +0.097% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERP | +0.0014% | 1h | 773.44 | +0.006% | $1.5M | $314K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.77 | +0.049% | $8.8M | $22.2M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.23 | +0.109% | $56.5M | $123.6M | 50x | as long as short |
| Bitget SPYUSDT | +0.0040% | 8h | 774.30 | +0.118% | $10.8M | $3.1M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.17 | −0.028% | $951K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.80 | −0.076% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.17 | −0.028% | $4.8M | $917K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.52 | +0.017% | $955K | $653K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.38 | −0.001% | $2.5M | $983K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.50 | +0.014% | $154K | $17K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.06 | +0.087% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.55 | +0.021% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 773.93 | +0.070% | $22K | $75K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.04 | +0.085% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0232% | 1h | 774.06 | +0.086% | $6.9M | $5.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0696% | 4h | 773.97 | +0.075% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Nado SPY-PERP
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC