Funding you earn now, next payment 11:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.016%
Price spread now: Ondo Perps against Lighter−0.125%7-day average −0.080% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.125%, 7d avg −0.080%
=Together, before fees−0.136%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.045% cheaper against Lighter than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.080%). If the spread goes back, that is −$5 on $10k: about 8.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.144%, 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 | Lighter SPY | 774.96 | 0.0032 | pay 0.0004% / 1h | 6m 13s | $7.8M | $16.4M | 50x |
| Short | Ondo Perps SPY-USD.P | 773.99 | 0.0050 | get 0.0006% / 1h | 6m 13s | $4.8M | $836K | 20x |
Lighter SPY
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Lighter. 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
- $3.86
- Price spread: −0.125% → −0.080%
- −$4.53
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$5.66
- Costs to cover
- 0.050%
- Break-even
- 17.3 days
Slippage unknown: Lighter: 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 Lighter live order book, 5 min ago | 0.45 bp | 1.0 bp −$1 | 2.3 bp −$23 | 11.9 bp −$1,194 | 27.9 bp −$13.9K |
| 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 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 | +0.025% | $418K | $377K | 50x | as long as short |
| Nado SPY-PERP | −0.0035% | 1h | 774.77 | −0.025% | $1.5M | $277K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 775.00 | +0.005% | $865K | $201K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 775.13 | +0.022% | $28.5M | $73.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 775.07 | +0.014% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 775.03 | +0.009% | $7.8M | $3.0M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 775.01 | +0.007% | $7.1M | $3.2M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.72 | −0.031% | $788K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 775.14 | +0.023% | $29.2M | $13.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 775.25 | +0.037% | $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 | +0.018% | $165K | $335K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 774.52 | −0.057% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 776.22 | +0.163% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.79 | −0.022% | $23K | $38K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 775.33 | +0.048% | $300K | $25K | 50x | as long as short |
| Arcus SPY-USD | +0.0015% | 1h | 774.15 | −0.105% | $1.0M | $1.4M | 50x | as long as short |
| Lighter SPYlong | +0.0032% | 1h | 774.96 | long leg | $7.8M | $16.4M | 50x | |
| Lighter RH SPY | +0.0032% | 1h | 775.30 | +0.044% | $57.1M | $117.2M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.99 | −0.125% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.99 | −0.125% | $4.8M | $836K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.26 | −0.090% | $952K | $172K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.42 | −0.070% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.75 | −0.027% | $222K | $52K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.97 | +0.001% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.46 | −0.064% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 775.13 | +0.023% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0909% | 4h | 774.82 | −0.018% | $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 RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC