Funding you earn now, next payment 07:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h +0.047%
Price spread now: RISEx against Ondo Perps+0.177%7-day average +0.153% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.060%+$6 on $10k
+Price spread, last 7 days0.000%$0 · spread now +0.177%, 7d avg +0.153%
=Together, before fees+0.060%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.024% dearer against Ondo Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.153%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.12 | −0.0035 | get 0.0004% / 1h | 52m 41s | $4.7M | $832K | 20x |
| Short | RISEx SPY/USDC | 774.49 | 0.0043 | get 0.0005% / 1h | 52m 41s | $7.0M | $4.2M | 25x |
Ondo Perps SPY-USD.P
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $16.34
- Price spread: +0.177% → +0.153%
- $2.36
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $7.7
- Costs to cover
- 0.110%
- Break-even
- 3.7 days
Slippage unknown: Ondo Perps: no order-book sample; RISEx: 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 RISEx live order book, 1 min ago | 0.13 bp | 3.5 bp −$4 | 4.3 bp −$43 | 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 | +0.047% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | +0.127% | $419K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.72 | +0.078% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.Plong | −0.0035% | 1h | 773.12 | long leg | $4.7M | $832K | 20x | |
| Nado SPY-PERP | −0.0029% | 1h | 774.04 | +0.119% | $1.6M | $251K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.14 | +0.132% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.27 | +0.149% | $28.6M | $79.0M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.27 | +0.149% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.17 | +0.136% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.86 | +0.096% | $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 | 774.25 | +0.146% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.177% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.46 | +0.173% | $169K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.291% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.05 | +0.120% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.45 | +0.172% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.62 | +0.194% | $56.3M | $117.3M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | +0.084% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0040% | 1h | 774.36 | +0.160% | $8.2M | $18.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.45 | +0.043% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDCshort | +0.0043% | 1h | 774.49 | +0.177% | $7.0M | $4.2M | 25x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | +0.019% | — | $123K | 50x | as long as short |
| edgeX SPYUSDC | +0.0080% | 4h | 774.07 | +0.123% | $640K | $241K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.54 | +0.054% | $2.5M | $984K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.23 | +0.144% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.73 | +0.079% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | +0.146% | $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
Vest SPY-USD-PERP
edgeX SPYUSDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]