Funding you earn now, next payment 02:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Ondo Perps against Arcus−0.013%7-day average −0.056% · 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)−0.029%−$3 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now −0.013%, 7d avg −0.056%
=Together, before fees−0.140%+ Points / potential airdropOndo Perps: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Ondo Perps is 0.043% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 773.49 | 0.0040 | pay 0.0005% / 1h | 56m 13s | $935K | $1.4M | 50x |
| Short | Ondo Perps SPY-USD.P | 773.39 | 0.0050 | get 0.0006% / 1h | 56m 13s | $4.8M | $846K | 20x |
Arcus SPY-USD
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Arcus. 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
- $2.13
- Price spread: −0.013% → −0.056%
- $4.28
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$3.09
- Costs to cover
- 0.095%
- Break-even
- 17.2 days
Slippage unknown: Arcus: live order book, 3 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Arcus live order book, 3 min ago | 0.06 bp | 4.9 bp −$5 | 5.7 bp −$57 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0095% | 8h | 774.36 | +0.112% | $414K | $571K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.49 | +0.129% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.90 | +0.053% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.129% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.47 | +0.256% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.160% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0014% | 8h | 774.38 | +0.115% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0018% | 8h | 774.53 | +0.134% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0025% | 8h | 774.31 | +0.106% | $19.0M | $11.5M | 100x | as long as short |
| Binance SPYUSDT | +0.0025% | 8h | 774.31 | +0.106% | $28.5M | $81.5M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SPY | +0.0032% | 1h | 774.59 | +0.142% | $57.6M | $111.4M | 50x | as long as short |
| Lighter SPY | +0.0040% | 1h | 774.24 | +0.097% | $8.3M | $21.3M | 50x | as long as short |
| Arcus SPY-USDlong | +0.0040% | 1h | 773.49 | long leg | $935K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.15 | −0.044% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.39 | −0.013% | $4.8M | $846K | 20x | |
| GRVT SPY_USDT_Perp | +0.0059% | 8h | 774.48 | +0.129% | $159K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.83 | +0.044% | $161K | $296K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0073% | 1h | 774.08 | +0.076% | $23K | $55K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | +0.084% | $955K | $555K | 20x | as long as short |
| Nado SPY-PERP | +0.0096% | 1h | 773.94 | +0.058% | $1.5M | $285K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.78 | +0.037% | $2.5M | $953K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.87 | +0.049% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.31 | +0.106% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.75 | +0.033% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.53 | +0.134% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | +0.107% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0267% | 4h | 774.31 | +0.106% | $640K | $242K | 20x | as long as short |
Lighter RH SPY
Lighter SPY
Vest SPY-USD-PERP
GRVT SPY_USDT_Perp
Phoenix SPY
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC