Funding you earn now, next payment 01:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: Vest against Ondo Perps−0.039%50s7-day average +0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.039%, 7d avg +0.039%
=Together, before fees+0.038%+ Points / potential airdropOndo Perps: Active · Vest: Active · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.078% cheaper against Ondo Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.039%. The two prices were read 50 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 | 773.51 | 0.0050 | pay 0.0006% / 1h | 2m 40s | $4.8M | $846K | 20x |
| Short | Vest SPY-USD-PERP | 773.21 | 0.0046 | get 0.0006% / 1h | 2m 40s | — | $123K | 50x |
Ondo Perps SPY-USD.P
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$0.99
- Price spread: −0.039% → +0.039%
- −$7.78
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$15.77
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample | — | — | — | — | — |
Ondo Perps and Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0096% | 8h | 774.50 | +0.128% | $415K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.71 | +0.026% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.59 | +0.140% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.01 | +0.065% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.62 | +0.144% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.61 | +0.271% | $2K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.07 | +0.072% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.82 | +0.169% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0013% | 8h | 774.54 | +0.133% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0016% | 8h | 774.66 | +0.149% | $863K | $204K | 20x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0024% | 8h | 774.45 | +0.122% | $19.0M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0025% | 8h | 774.46 | +0.123% | $28.5M | $81.6M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.29 | +0.101% | $8.3M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.66 | +0.149% | $57.6M | $115.4M | 50x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.21 | −0.039% | — | $123K | 50x | |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.51 | long leg | $4.8M | $846K | 20x | |
| GRVT SPY_USDT_Perp | +0.0060% | 8h | 774.53 | +0.132% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.04 | +0.069% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | +0.063% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | +0.041% | $2.5M | $953K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | +0.063% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.46 | +0.123% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.86 | +0.045% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0116% | 1h | 774.02 | +0.066% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.47 | +0.123% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0239% | 4h | 774.39 | +0.113% | $640K | $241K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.63 | +0.144% | $6.9M | $5.2M | 25x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC
RISEx SPY/USDC