Funding you earn now, next payment 12:00 UTC−0.0170%/8h= −18.7% APRpaid last 24h −0.033%
Price spread now: BloFin against Ondo Perps+0.118%7-day average +0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.196%−$20 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.118%, 7d avg +0.139%
=Together, before fees−0.176%+ Points / potential airdropOndo Perps: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.021% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.139%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.34 | 0.0050 | pay 0.0006% / 1h | 49m 13s | $4.8M | $834K | 20x |
| Short | BloFin SPY-USDT | 774.25 | −0.0120 | pay 0.0120% / 8h | 4h 49m | $420K | $399K | 50x |
Ondo Perps SPY-USD.P
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$35.78
- Price spread: +0.118% → +0.139%
- −$2.14
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$54.93
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 54 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 BloFin live order book, 54 min ago | 0.13 bp | 6.1 bp −$6 | 6.3 bp −$63 | 9.3 bp −$934 | 17.7 bp −$8,869 |
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-USDTshort | −0.0120% | 8h | 774.25 | +0.118% | $420K | $399K | 50x | |
| Arcus SPY-USD | −0.0042% | 1h | 773.48 | +0.018% | $1.0M | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.16 | +0.106% | $862K | $207K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.22 | +0.114% | $28.5M | $74.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.16 | +0.106% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | +0.110% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.25 | +0.117% | $7.1M | $3.1M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.91 | +0.074% | $800K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.31 | +0.125% | $29.5M | $13.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.22 | +0.114% | $11.1M | $1.6M | 50x | as long as short |
Arcus SPY-USD
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.84 | +0.194% | $165K | $335K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.33 | +0.257% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.83 | +0.063% | $24K | $38K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.96 | +0.209% | $300K | $25K | 50x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 774.15 | +0.105% | $158K | $74K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.08 | +0.096% | $7.8M | $16.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.39 | +0.136% | $57.2M | $114.9M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0040% | 1h | 774.26 | +0.119% | $952K | $172K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.22 | −0.016% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.34 | long leg | $4.8M | $834K | 20x | |
| Nado SPY-PERP | +0.0054% | 1h | 773.77 | +0.056% | $1.5M | $276K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.97 | +0.081% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.21 | +0.112% | $226K | $54K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.02 | +0.088% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.58 | +0.031% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0180% | 4h | 774.53 | +0.153% | $640K | $243K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.15 | +0.105% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Phoenix SPY
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Vest SPY-USD-PERP
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]