Funding you earn now, next payment 07:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.020%
Price spread now: KuCoin against Ondo Perps+0.036%90s7-day average +0.107% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 7 days+0.098%+$10 · spread now +0.036%, 7d avg +0.107%
=Together, before fees+0.328%+ Points / potential airdropOndo Perps: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.070% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.107%). If the spread goes back, that is −$7 on $10k: about 2.0 days of funding at the current rate (+$3 a day). The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.27 | −0.0016 | get 0.0002% / 1h | 53m 14s | $4.7M | $832K | 20x |
| Short | KuCoin SPYUSDTM | 773.55 | 0.0100 | get 0.0100% / 8h | 1h 53m | $2.5M | $984K | 20x |
Ondo Perps SPY-USD.P
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $24.36
- Price spread: +0.036% → +0.107%
- −$7.04
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $0.32
- Costs to cover
- 0.170%
- Break-even
- 6.9 days
Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 1.68 bp | 10.9 bp −$11 | 112.4 bp −$1,124 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0378% | 1h | 773.48 | +0.027% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | +0.107% | $419K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.72 | +0.058% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0029% | 1h | 774.04 | +0.099% | $1.6M | $251K | 20x | as long as short |
| Ondo Perps SPY-USD.Plong | −0.0016% | 1h | 773.27 | long leg | $4.7M | $832K | 20x | |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | +0.104% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.25 | +0.127% | $28.6M | $79.0M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.27 | +0.129% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.16 | +0.115% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.83 | +0.072% | $770K | $2.4M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.24 | +0.125% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.158% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.46 | +0.154% | $169K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.272% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.05 | +0.101% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.45 | +0.153% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.60 | +0.172% | $56.2M | $117.3M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | +0.065% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0040% | 1h | 774.35 | +0.140% | $8.2M | $18.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.45 | +0.023% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.49 | +0.158% | $7.0M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | 0.000% | — | $123K | 50x | as long as short |
| edgeX SPYUSDC | +0.0080% | 4h | 774.07 | +0.104% | $640K | $241K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.55 | +0.036% | $2.5M | $984K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.23 | +0.124% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.73 | +0.059% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | +0.126% | $10K | — | 26x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Lighter SPY
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
edgeX SPYUSDC
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]