Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.010%
Price spread now: SunX against Ondo Perps+0.283%7-day average +0.282% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.283%, 7d avg +0.282%
=Together, before fees+0.025%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.282%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.22 | −0.0032 | get 0.0004% / 1h | 28m 36s | $4.8M | $870K | 20x |
| Short | SunX SPY-USDT | 775.41 | 0 | get 0.0000% / 8h | 1h 28m | $2K | $1.4M | 10x |
Ondo Perps SPY-USD.P
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $6.72
- Price spread: +0.283% → +0.282%
- $0.09
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$6.19
- Costs to cover
- 0.130%
- Break-even
- 13.4 days
Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago | 29.08 bp | 128.9 bp −$129 | doesn't fit | 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 | −0.0225% | 1h | 773.18 | −0.005% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | +0.114% | $419K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.70 | +0.062% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.Plong | −0.0032% | 1h | 773.22 | long leg | $4.8M | $870K | 20x | |
| Nado SPY-PERP | −0.0012% | 1h | 774.01 | +0.102% | $1.6M | $254K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.23 | +0.131% | $863K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.38 | +0.150% | $28.6M | $78.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.17 | +0.123% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.27 | +0.136% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.88 | +0.085% | $770K | $2.5M | 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 | 774.37 | +0.149% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.53 | +0.169% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | +0.156% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDTshort | 0.0000% | 8h | 775.41 | +0.283% | $2K | $1.4M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.95 | +0.094% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.57 | +0.175% | $300K | $38K | 50x | as long as short |
| edgeX SPYUSDC | +0.0013% | 4h | 774.12 | +0.116% | $640K | $243K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.45 | +0.159% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.65 | +0.185% | $56.2M | $118.9M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | +0.091% | $950K | $555K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.52 | +0.039% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.61 | +0.180% | $7.1M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.33 | +0.014% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.52 | +0.039% | $2.5M | $999K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.21 | +0.128% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.76 | +0.070% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | +0.134% | $10K | — | 26x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
edgeX SPYUSDC
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]