Funding you earn now, next payment 11:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.071%
Price spread now: Ondo Perps against GMX−0.149%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Ondo Perps is 0.149% cheaper against GMX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SPY/USD [ETH-USDC] | 775.14 | L +0.0209% / S −0.0429% | pay 0.0026% / 1h | 6m 38s | $10K | — | 26x |
| Short | Ondo Perps SPY-USD.P | 773.99 | 0.0050 | get 0.0006% / 1h | 6m 38s | $4.8M | $836K | 20x |
GMX SPY/USD [ETH-USDC]
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against GMX. 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
- −$33.3
- Price spread: −0.149% → 0.000%
- −$14.9
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$65.2
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: GMX: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
GMX 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 exchanges
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 | 775.15 | +0.001% | $418K | $377K | 50x | as long as short |
| Nado SPY-PERP | −0.0035% | 1h | 774.77 | −0.049% | $1.5M | $277K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.97 | −0.022% | $865K | $201K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 775.11 | −0.005% | $28.5M | $73.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 775.07 | −0.010% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 775.03 | −0.015% | $7.8M | $3.0M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 775.01 | −0.017% | $7.1M | $3.2M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.72 | −0.055% | $788K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 775.12 | −0.003% | $29.2M | $13.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 775.20 | +0.007% | $11.1M | $1.5M | 50x | as long as short |
BloFin SPY-USDT
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 775.10 | −0.006% | $165K | $335K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 774.52 | −0.081% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 776.26 | +0.144% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.76 | −0.050% | $23K | $38K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 775.33 | +0.024% | $300K | $25K | 50x | as long as short |
| Arcus SPY-USD | +0.0015% | 1h | 774.15 | −0.128% | $1.0M | $1.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.90 | −0.032% | $7.8M | $16.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 775.24 | +0.012% | $57.1M | $117.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.99 | −0.149% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.99 | −0.149% | $4.8M | $836K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.26 | −0.114% | $952K | $172K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.38 | −0.099% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.75 | −0.051% | $222K | $52K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.95 | −0.025% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.47 | −0.088% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC]long | L +0.0209% / S −0.0429% | 1h | 775.14 | long leg | $10K | — | 26x | |
| edgeX SPYUSDC | +0.0909% | 4h | 774.82 | −0.042% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Arcus SPY-USD
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC