Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%
Price spread now: Ondo Perps against SunX−0.264%7-day average −0.283% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.264%, 7d avg −0.283%
Together, before fees−0.149%+ Points / potential airdropOndo Perps: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.283%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPY-USDT775.610get 0.0000% / 8h5h 09m$2K$1.4M10x
ShortOndo Perps SPY-USD.P773.560.0050get 0.0006% / 1h9m 30s$4.8M$842K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$10.58
Price spread: −0.264% → −0.283%
$1.88
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$0.54
Costs to cover
0.130%
Break-even
7.4 days
Slippage unknown: SunX: live order book, 5 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago29.07 bp107.7 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SPY-USDT−0.0107%8h774.50−0.143%$419K$468K50xas long as short
ApeX Omni SPYUSDT−0.0090%1h772.89−0.351%$162K$24K50xas long as short
Phoenix SPY−0.0021%1h773.86−0.226%$161K$295K20xas long as short
Bybit SPYUSDT0.0000%8h774.66−0.122%$6.3M$2.0M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.55−0.137%$7.9M$3.3M50xas long as short
Gate SPY_USDT0.0000%8h773.95−0.214%$776K$2.4M75xas long as short
Bitget SPYUSDT0.0000%8h774.62−0.128%$10.9M$1.9M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.56−0.135%$162K$375K10xas long as short
SunX SPY-USDTlong0.0000%8h775.61long leg$2K$1.4M10x
Deribit SPY_USDC-PERPETUAL0.0000%1h774.00−0.208%$23K$55K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SPY-USDT0.0000%8h774.74−0.112%$308K$20K50xas long as short
Aster SPYUSDT+0.0012%8h774.44−0.151%$863K$194K20xas long as short
MEXC SPY_USDT+0.0013%8h774.49−0.144%$24.0M$12.1M100xas long as short
Binance SPYUSDT+0.0013%8h774.48−0.146%$28.3M$79.6M50xas long as short
Arcus SPY-USD+0.0040%1h773.65−0.253%$931K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.21−0.309%$123K50xas long as short
Nado SPY-PERP+0.0050%1h774.03−0.204%$1.5M$292K20xas long as short
Ondo Perps SPY-USD.Pshort+0.0050%1h773.56−0.264%$4.8M$842K20x
Lighter SPY+0.0056%1h774.41−0.155%$8.3M$21.1M50xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h774.05−0.201%$954K$552K20xas long as short
Lighter RH SPY+0.0096%1h774.72−0.115%$56.4M$115.4M50xas long as short
RISEx SPY/USDC+0.0097%1h774.62−0.127%$7.0M$5.0M25xas long as short
KuCoin SPYUSDTM+0.0100%8h773.80−0.233%$2.5M$979K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.38−0.159%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.91−0.220%$87K10xas long as short
edgeX SPYUSDC+0.0185%4h774.35−0.162%$640K$241K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.50−0.142%$10K26xas long as short