Funding you earn now, next payment 00:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.021%
Price spread now: Nado against Ondo Perps+0.023%7-day average +0.154% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.051%−$5 on $10k
+Price spread, last 7 days+0.242%+$24 · spread now +0.023%, 7d avg +0.154%
=Together, before fees+0.190%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.131% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.154%). If the spread goes back, that is −$13 on $10k: about 13 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.051%, 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 | Ondo Perps SPY-USD.P | 773.88 | 0.0050 | pay 0.0006% / 1h | 17m 23s | $4.8M | $847K | 20x |
| Short | Nado SPY-PERP | 774.06 | 0.0085 | get 0.0011% / 1h | 17m 23s | $1.5M | $293K | 20x |
Ondo Perps SPY-USD.P
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $7.33
- Price spread: +0.023% → +0.154%
- −$13.13
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$17.8
- Costs to cover
- 0.120%
- Break-even
- 24.0 days
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 1 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 Nado live order book, 1 min ago | 0.06 bp | 5.6 bp −$6 | 15.9 bp −$159 | 42.8 bp −$4,276 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.55 | −0.043% | $941K | $1.4M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.49 | +0.079% | $412K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.79 | −0.012% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | +0.054% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.59 | +0.092% | $28.6M | $82.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.44 | +0.072% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.47 | +0.076% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.00 | +0.016% | $758K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.56 | +0.088% | $28.0M | $11.9M | 100x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.229% | $2K | $1.5M | 10x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.14 | +0.034% | $23K | $58K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.75 | +0.112% | $308K | $20K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0011% | 8h | 774.59 | +0.092% | $157K | $411K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.40 | +0.067% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.71 | +0.107% | $56.9M | $119.7M | 50x | as long as short |
| Bitget SPYUSDT | +0.0036% | 8h | 774.49 | +0.079% | $11.0M | $2.6M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.26 | −0.080% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.041% | $955K | $583K | 20x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.88 | long leg | $4.8M | $847K | 20x | |
| Nado SPY-PERPshort | +0.0085% | 1h | 774.06 | +0.023% | $1.5M | $293K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.99 | +0.014% | $2.5M | $967K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.96 | +0.010% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.53 | +0.084% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.06 | +0.023% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.64 | +0.099% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.59 | +0.091% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0533% | 4h | 774.37 | +0.064% | $640K | $242K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC