Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Ondo Perps against Lighter RH−0.142%7-day average −0.160% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now −0.142%, 7d avg −0.160%
=Together, before fees−0.248%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.160%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.150%, 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 RH SPY | 774.55 | 0.0032 | pay 0.0004% / 1h | 49m 20s | $56.7M | $117.6M | 50x |
| Short | Ondo Perps SPY-USD.P | 773.45 | 0.0050 | get 0.0006% / 1h | 49m 20s | $4.8M | $866K | 20x |
Lighter RH SPY
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Lighter RH. 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: −0.142% → −0.160%
- $1.77
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $0.63
- Costs to cover
- 0.050%
- Break-even
- 5.9 days
Slippage unknown: Lighter RH: 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 RH live order book, 5 min ago | 0.13 bp | 0.1 bp $0 | 0.7 bp −$7 | 7.8 bp −$784 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0194% | 1h | 773.48 | −0.138% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0155% | 1h | 773.74 | −0.105% | $161K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.059% | $418K | $446K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.40 | −0.019% | $864K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.36 | −0.025% | $28.6M | $76.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.11 | −0.057% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.22 | −0.043% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.82 | −0.094% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.34 | −0.027% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.50 | −0.006% | $10.9M | $1.6M | 50x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.32 | −0.030% | $158K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.41 | +0.111% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.58 | +0.004% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0006% | 1h | 774.00 | −0.071% | $1.5M | $245K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 774.13 | −0.054% | $23K | $54K | 20x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.57 | +0.002% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | −0.081% | $950K | $531K | 20x | as long as short |
| Lighter RH SPYlong | +0.0032% | 1h | 774.55 | long leg | $56.7M | $117.6M | 50x | |
| Arcus SPY-USD | +0.0040% | 1h | 773.62 | −0.120% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.30 | −0.161% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.45 | −0.142% | $4.8M | $866K | 20x | |
| Lighter SPY | +0.0056% | 1h | 774.36 | −0.025% | $8.2M | $17.5M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.68 | −0.112% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.35 | −0.026% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.86 | −0.089% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.34 | −0.028% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0324% | 4h | 774.17 | −0.049% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC