Funding you earn now, next payment 03:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.032%
Price spread now: Binance against Ondo Perps+0.116%7-day average +0.126% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 2 days (all we have)+0.017%+$2 · spread now +0.116%, 7d avg +0.126%
=Together, before fees−0.092%+ Points / potential airdropOndo Perps: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.126%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.49 | 0.0050 | pay 0.0006% / 1h | 48m 32s | $4.8M | $841K | 20x |
| Short | Binance SPYUSDT | 774.39 | 0.0008 | get 0.0008% / 8h | 5h 48m | $28.4M | $79.9M | 50x |
Ondo Perps SPY-USD.P
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$8.98
- Price spread: +0.116% → +0.126%
- −$1.01
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.99
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 9 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 Binance live order book, 9 min ago | 0.06 bp | 5.1 bp −$5 | 5.1 bp −$51 | 9.7 bp −$967 | 30.5 bp −$15.3K |
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 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0021% | 1h | 774.14 | +0.084% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.47 | +0.127% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.52 | +0.133% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.85 | +0.047% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.51 | +0.132% | $10.9M | $2.0M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.50 | +0.131% | $161K | $380K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.62 | +0.275% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.162% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0002% | 8h | 774.48 | +0.127% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0007% | 8h | 774.38 | +0.115% | $21.9M | $11.7M | 100x | as long as short |
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDTshort | +0.0008% | 8h | 774.39 | +0.116% | $28.4M | $79.9M | 50x | |
| ApeX Omni SPYUSDT | +0.0016% | 1h | 773.25 | −0.031% | $162K | $24K | 50x | as long as short |
| Nado SPY-PERP | +0.0032% | 1h | 773.93 | +0.057% | $1.5M | $288K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.51 | +0.003% | $935K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.15 | −0.044% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.49 | long leg | $4.8M | $841K | 20x | |
| Lighter SPY | +0.0056% | 1h | 774.29 | +0.103% | $8.3M | $21.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.072% | $954K | $552K | 20x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.49 | +0.129% | $7.0M | $5.2M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.65 | +0.021% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.28 | +0.102% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | +0.046% | $87K | — | 10x | as long as short |
| Lighter RH SPY | +0.0112% | 1h | 774.65 | +0.150% | $56.6M | $112.3M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 774.16 | +0.087% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.43 | +0.122% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0867% | 4h | 774.35 | +0.111% | $640K | $241K | 20x | as long as short |
ApeX Omni SPYUSDT
Nado SPY-PERP
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter SPY
Coinbase International SPY-PERP-INTX
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC