Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.034%
Price spread now: Aster against Ondo Perps+0.105%7-day average +0.141% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.105%, 7d avg +0.141%
=Together, before fees+0.174%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.036% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.141%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.127%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.33 | 0.0050 | pay 0.0006% / 1h | 51m 16s | $4.8M | $826K | 20x |
| Short | Aster SPYUSDT | 774.14 | 0.0030 | get 0.0030% / 8h | 3h 51m | $865K | $196K | 20x |
Ondo Perps SPY-USD.P
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Ondo Perps. 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
- −$4.25
- Price spread: +0.105% → +0.141%
- −$3.62
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$20.87
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 2 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 2 min ago | 0.39 bp | 4.5 bp −$5 | 7.1 bp −$71 | doesn't fit | doesn't fit |
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 | 774.17 | +0.109% | $417K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.61 | +0.036% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.08 | +0.097% | $28.1M | $79.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.21 | +0.114% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.12 | +0.102% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.68 | +0.045% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.12 | +0.102% | $28.3M | $12.1M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.31 | +0.127% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.34 | +0.131% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.19 | +0.241% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
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 | 774.46 | +0.146% | $308K | $20K | 50x | as long as short |
| edgeX SPYUSDC | +0.0026% | 4h | 774.04 | +0.092% | $640K | $242K | 20x | as long as short |
| Aster SPYUSDTshort | +0.0030% | 8h | 774.14 | +0.105% | $865K | $196K | 20x | |
| Arcus SPY-USD | +0.0040% | 1h | 773.47 | +0.018% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.01 | −0.041% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.33 | long leg | $4.8M | $826K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.093% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.50 | +0.151% | $56.4M | $114.2M | 50x | as long as short |
| Nado SPY-PERP | +0.0067% | 1h | 773.83 | +0.064% | $1.5M | $282K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0074% | 1h | 773.16 | −0.022% | $162K | $24K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0099% | 1h | 773.96 | +0.081% | $23K | $56K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.41 | +0.010% | $2.5M | $971K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.10 | +0.100% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.25 | +0.119% | $7.0M | $5.0M | 25x | as long as short |
| Lighter SPY | +0.0104% | 1h | 774.22 | +0.115% | $8.2M | $19.1M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.56 | +0.030% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.15 | +0.107% | $10K | — | 26x | as long as short |
HTX SPY-USDT
edgeX SPYUSDC
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Nado SPY-PERP
ApeX Omni SPYUSDT
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Lighter SPY
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]