Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%
Price spread now: HTX against Ondo Perps+0.133%7-day average +0.170% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.133%, 7d avg +0.170%
=Together, before fees+0.062%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.037% 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 +0.170%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 774.01 | 0.0050 | pay 0.0006% / 1h | 45m 51s | $4.8M | $845K | 20x |
| Short | HTX SPY-USDT | 775.04 | 0 | get 0.0000% / 8h | 5h 45m | $300K | $38K | 50x |
Ondo Perps SPY-USD.P
HTX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$10.58
- Price spread: +0.133% → +0.170%
- −$3.71
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$31.3
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 64 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 HTX live order book, 64 min ago | 6.85 bp | 12.8 bp −$13 | 13.9 bp −$139 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0556% | 1h | 773.49 | −0.067% | $174K | $27K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.71 | +0.090% | $417K | $422K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.66 | +0.084% | $863K | $200K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.53 | +0.067% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.54 | +0.068% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.59 | +0.075% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.68 | +0.087% | $7.1M | $3.3M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.20 | +0.025% | $788K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.47 | +0.059% | $29.2M | $13.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.062% | $11.1M | $1.6M | 50x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
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 | 774.89 | +0.114% | $161K | $336K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 774.35 | +0.044% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.83 | +0.235% | $2K | $1.2M | 10x | as long as short |
| HTX SPY-USDTshort | 0.0000% | 8h | 775.04 | +0.133% | $300K | $38K | 50x | |
| Nado SPY-PERP | 0.0000% | 1h | 774.35 | +0.044% | $1.5M | $283K | 20x | as long as short |
| Arcus SPY-USD | +0.0015% | 1h | 773.79 | −0.028% | $980K | $1.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.32 | +0.040% | $7.8M | $16.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.70 | +0.089% | $56.8M | $114.8M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.47 | −0.070% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 774.01 | long leg | $4.8M | $845K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.22 | +0.027% | $952K | $171K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 774.36 | +0.045% | $23K | $39K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.15 | +0.018% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.54 | +0.068% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.10 | +0.012% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.62 | +0.078% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0237% | 4h | 774.70 | +0.089% | $640K | $243K | 20x | as long as short |
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Nado SPY-PERP
Arcus SPY-USD
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC