Funding you earn now, next payment 02:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h +0.015%
Price spread now: Coinbase International against Ondo Perps0.000%7-day average +0.068% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)+0.100%+$10 · spread now 0.000%, 7d avg +0.068%
=Together, before fees+0.159%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.068% cheaper against Ondo Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.74 | 0.0050 | pay 0.0006% / 1h | 55m 38s | $4.8M | $841K | 20x |
| Short | Coinbase International SPY-PERP-INTX | 773.74 | 0.0056 | get 0.0007% / 1h | 55m 38s | $954K | $552K | 20x |
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $1.18
- Price spread: 0.000% → +0.068%
- −$6.84
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$20.66
- Costs to cover
- 0.150%
- Break-even
- 130.0 days
Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 8 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 Coinbase International live order book, 8 min ago | 0.06 bp | 6.1 bp −$6 | 7.9 bp −$79 | 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 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | 0.0000% | 8h | 774.50 | +0.098% | $863K | $203K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.36 | +0.080% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.59 | +0.110% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.99 | +0.032% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.097% | $10.9M | $2.0M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.42 | +0.088% | $161K | $379K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.60 | +0.240% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.106% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0007% | 8h | 774.44 | +0.090% | $21.8M | $11.6M | 100x | as long as short |
| Binance SPYUSDT | +0.0007% | 8h | 774.43 | +0.089% | $28.4M | $80.0M | 50x | as long as short |
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | +0.0040% | 1h | 773.47 | −0.035% | $935K | $1.3M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.79 | +0.006% | $161K | $295K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.061% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.74 | long leg | $4.8M | $841K | 20x | |
| Coinbase International SPY-PERP-INTXshort | +0.0056% | 1h | 773.74 | 0.000% | $954K | $552K | 20x | |
| Nado SPY-PERP | +0.0057% | 1h | 774.08 | +0.044% | $1.5M | $288K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.43 | +0.089% | $8.3M | $21.0M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0073% | 1h | 774.23 | +0.063% | $23K | $55K | 20x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.53 | +0.102% | $7.0M | $5.2M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.67 | −0.009% | $2.5M | $971K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.93 | +0.025% | $160K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.083% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | +0.013% | $87K | — | 10x | as long as short |
| Lighter RH SPY | +0.0120% | 1h | 774.85 | +0.143% | $56.7M | $111.8M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.47 | +0.094% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0566% | 4h | 774.28 | +0.069% | $640K | $241K | 20x | as long as short |
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Nado SPY-PERP
Lighter SPY
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter RH SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC