Funding you earn now, next payment 10:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Arcus against Ondo Perps+0.085%7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.028%+$3 on $10k
+Price spread, last 7 days+0.061%+$6 · spread now +0.085%, 7d avg +0.051%
=Together, before fees+0.090%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.034% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.051%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.10 | 0.0050 | pay 0.0006% / 1h | 5m 20s | $4.8M | $845K | 20x |
| Short | Arcus SPY-USD | 773.76 | 0.0040 | get 0.0005% / 1h | 5m 20s | $977K | $1.4M | 50x |
Ondo Perps SPY-USD.P
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- −$2.13
- Price spread: +0.085% → +0.051%
- $3.43
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$8.19
- Costs to cover
- 0.095%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 2 min ago. 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 Arcus live order book, 2 min ago | 0.26 bp | 6.5 bp −$6 | 7.9 bp −$79 | doesn't fit | doesn't fit |
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 | 774.66 | +0.202% | $416K | $418K | 50x | as long as short |
| Nado SPY-PERP | −0.0005% | 1h | 774.42 | +0.171% | $1.5M | $266K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.48 | +0.179% | $862K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.43 | +0.172% | $28.4M | $74.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.60 | +0.194% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.59 | +0.193% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.23 | +0.146% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.56 | +0.189% | $23.8M | $12.7M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.65 | +0.200% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.77 | +0.217% | $167K | $332K | 10x | as long as short |
BloFin SPY-USDT
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit 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 | 775.68 | +0.334% | $2K | $1.2M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.11 | +0.131% | $23K | $39K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.59 | +0.193% | $300K | $38K | 50x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 773.51 | +0.053% | $158K | $150K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.31 | +0.157% | $7.8M | $17.2M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.60 | +0.194% | $56.8M | $118.6M | 50x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 773.76 | +0.085% | $977K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.53 | +0.056% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.10 | long leg | $4.8M | $845K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.22 | +0.145% | $952K | $171K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.08 | +0.127% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.56 | +0.060% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.48 | +0.179% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.93 | +0.108% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 774.55 | +0.188% | $7.1M | $3.3M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.65 | +0.201% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0352% | 4h | 774.02 | +0.119% | $640K | $242K | 20x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Phoenix SPY
Lighter SPY
Lighter RH SPY
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