SPY

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowSPY-USDC	761.75	+0.0001	0.0000% / 1h	52m 47s	$2.9M	$1.1M	20x	Long TxFlow5% off
SHORT	Ondo PerpsSPY-USD.P	760.72	−0.0025	pay 0.0003% / 1h	52m 47s	$6.3M	$985K	20x	Short Ondo Perps5% off

Price gap−0.135%

Funding gap−0.0025% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.036% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding$0−0.0025% /8h now · paid +0.001% over the last 7D

Price−$4spread −0.135% now, avg −0.099% → −0.036% if it goes back

Costs−$250.245% of $10k · taker + slippage, in and out

Result−$28−0.28%+ Points / potential airdropTxFlow: points · Ondo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.135%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SPY on 33 exchanges

lowest funding first

Before you open

4 ok · 1 to watch

OK: Fits both order books6.7 / 2.9 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $500
TxFlow 20x, Ondo Perps 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$0.76Long TxFlow: 24 payments, −$0.02; short Ondo Perps: 24 payments, −$0.74.
Watch: Gap narrower than usual−0.135% vs −0.099%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Note: Long leg is thinner$2.9M vs $6.3M OI
Both legs are deep; TxFlow is the smaller one.
OK: Points on a legTxFlow points · Ondo Perps points
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Ondo Perps No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned0.0000%/8h × 21 periods+$0.06

Price spread−0.135% → −0.099% (7d avg)−$3.61

Slippage, 4 orderslive order books−$10.54

Fee TxFlow bp × 2 orders−$9.00

Fee Ondo Perps bp × 2 orders−$5.00

Net · 7 days · $10k−$28.09

Costs to cover0.245%Break-even3058.4 days

Slippage: TxFlow: live order book, 5 min ago; Ondo Perps: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow1.586.7 bp−$77.5 bp−$7535.4 bp−$3,540219.7 bp−$109.8K

SELL · SHORTOndo Perps0.402.9 bp−$34.0 bp−$40doesn’t fitdoesn’t fit

Closing costs about the same again.

SPY news

posts that mention SPY or SPDR S&P 500 ETF, from every exchangeSearch all news →

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10-05 12:38	RISEx	Listing	September has been an extra special month - all because of you. On Sep 25, we hit $10B in cumulative volume, and one week later, we pushed open interest to a new all-time high of $ 77.3M. Product Highlight • Custom referral code slugs are now open to everyone • We launched Impact Pool for our power traders to reward size • Paid dividends on SPY and QQQ • Shipped TWAP and one-click trading, plus more UX upgrades • Improved mobile experience with QR login 9 new listings: 7 RWA and 2 Crypto $MSTR, $NVDA, $KORU, $HOOD, $TSLA, $CRCL, $SKHYNIX, $ARB, $ONDO - together a total of $126M in volume within their first month By the numbers • Total volume: $10.65B • Peak 24hr volume: $153,594,486 • Total active accounts: 11,669 • Total RWA volume: $2.12B • Peak open interest: $71,685,253 (new ATH $77.3M on 2 Oct) • Total fees: $2,750,797 • Peak daily active users: 3,211 • Total liquidations: $32,858,815 RISE will move as one. And we’re just getting started @risextrade on X ↗
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09-23 18:00	Vest Markets	Other	The Nasdaq is giving back part of its record run, with $QQQ down around 0.8% and $SPY down around 0.6% on the session. The 10-year yield is at 5.12%, its highest since 2007, with S&P Global's flash composite PMI at 58.4 from 56, the strongest since July 2021. Trade $QQQ and $SPY volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗

SPY