Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.019%
Price spread now: Ondo Perps against KuCoin−0.048%7-day average −0.107% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 7 days−0.107%−$11 · spread now −0.048%, 7d avg −0.107%
=Together, before fees−0.341%+ Points / potential airdropOndo Perps: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.059% dearer against KuCoin than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.107%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.234% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPYUSDTM | 773.49 | 0.0100 | pay 0.0100% / 8h | 3h 16m | $2.5M | $975K | 20x |
| Short | Ondo Perps SPY-USD.P | 773.12 | 0.0050 | get 0.0006% / 1h | 16m 52s | $4.7M | $836K | 20x |
KuCoin SPYUSDTM
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against KuCoin. 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: −0.048% → −0.107%
- $5.93
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$21.49
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: KuCoin: 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 KuCoin live order book, 5 min ago | 3.17 bp | 12.9 bp −$13 | 104.6 bp −$1,046 | 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 | 774.28 | +0.102% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0022% | 1h | 773.48 | −0.001% | $163K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.72 | +0.030% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.29 | +0.104% | $28.3M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.38 | +0.115% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.20 | +0.092% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.92 | +0.056% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.28 | +0.102% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.43 | +0.122% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.31 | +0.106% | $158K | $359K | 10x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
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 | 775.40 | +0.247% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.132% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0015% | 8h | 774.10 | +0.079% | $864K | $194K | 20x | as long as short |
| Nado SPY-PERP | +0.0017% | 1h | 774.05 | +0.072% | $1.5M | $267K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.70 | +0.156% | $56.4M | $117.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.004% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.036% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.12 | −0.048% | $4.7M | $836K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | +0.032% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.36 | +0.112% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 773.49 | long leg | $2.5M | $975K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.087% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.46 | +0.126% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.70 | +0.027% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 774.28 | +0.102% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | +0.103% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0646% | 4h | 774.15 | +0.085% | $640K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Lighter SPY
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC