Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%
Price spread now: Ondo Perps against Bybit−0.079%7-day average −0.148% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 7 days−0.153%−$15 · spread now −0.079%, 7d avg −0.148%
=Together, before fees−0.181%+ Points / potential airdropOndo Perps: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.069% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.148%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 774.45 | 0 | get 0.0000% / 8h | 6h 00m | $6.2M | $1.5M | 100x |
| Short | Ondo Perps SPY-USD.P | 773.84 | 0.0050 | get 0.0006% / 1h | 0m 02s | $4.8M | $846K | 20x |
Bybit SPYUSDT
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Bybit. 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
- $10.58
- Price spread: −0.079% → −0.148%
- $6.92
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $1.5
- Costs to cover
- 0.160%
- Break-even
- 6.0 days
Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 0.52 bp | 6.7 bp −$7 | 9.2 bp −$92 | 20.7 bp −$2,067 | 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 exchanges
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 | −0.0120% | 8h | 774.40 | −0.006% | $416K | $418K | 50x | as long as short |
| Nado SPY-PERP | −0.0006% | 1h | 774.35 | −0.012% | $1.5M | $268K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.69 | +0.031% | $863K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.77 | +0.041% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.45 | long leg | $6.2M | $1.5M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.83 | +0.049% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.23 | −0.028% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.77 | +0.041% | $29.2M | $13.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.39 | −0.008% | $11.1M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.71 | +0.033% | $161K | $346K | 10x | as long as short |
BloFin SPY-USDT
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.94 | +0.192% | $2K | $1.2M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.29 | −0.150% | $300K | $38K | 50x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 773.78 | −0.087% | $158K | $150K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.55 | +0.013% | $7.8M | $17.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.82 | +0.048% | $56.8M | $118.9M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.45 | 0.000% | $23K | $39K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.77 | −0.088% | $978K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.52 | −0.120% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.84 | −0.079% | $4.8M | $846K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.22 | −0.030% | $952K | $171K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.12 | −0.043% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.48 | −0.125% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.66 | +0.027% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.15 | −0.039% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 774.35 | −0.013% | $7.1M | $3.3M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.88 | +0.055% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0917% | 4h | 774.46 | +0.001% | $640K | $243K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Phoenix SPY
Lighter SPY
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC