Funding you earn now, next payment 07:00 UTC+0.0162%/8h= +17.8% APRpaid last 24h +0.020%
Price spread now: KuCoin against Ondo Perps+0.030%7-day average +0.105% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 7 days+0.110%+$11 · spread now +0.030%, 7d avg +0.105%
=Together, before fees+0.340%+ Points / potential airdropOndo Perps: Active · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.075% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.105%). If the spread goes back, that is −$8 on $10k: about 37 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.38 | −0.0062 | get 0.0008% / 1h | 38m 12s | $4.7M | $871K | 20x |
| Short | KuCoin SPYUSDTM | 773.61 | 0.0100 | get 0.0100% / 8h | 1h 38m | $2.5M | $997K | 20x |
Ondo Perps SPY-USD.P
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $34.1
- Price spread: +0.030% → +0.105%
- −$7.54
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $9.56
- Costs to cover
- 0.170%
- Break-even
- 5.0 days
Slippage unknown: Ondo Perps: no order-book sample; KuCoin: 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 KuCoin live order book, 9 min ago | 3.81 bp | 11.1 bp −$11 | 806.4 bp −$8,064 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0263% | 1h | 773.49 | +0.014% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | +0.092% | $419K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.76 | +0.049% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.Plong | −0.0062% | 1h | 773.38 | long leg | $4.7M | $871K | 20x | |
| Nado SPY-PERP | −0.0027% | 1h | 773.93 | +0.071% | $1.6M | $256K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.14 | +0.099% | $863K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.15 | +0.099% | $28.6M | $78.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.00 | +0.080% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.07 | +0.089% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.75 | +0.048% | $770K | $2.4M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.14 | +0.098% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.47 | +0.141% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | +0.136% | $169K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.250% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.96 | +0.075% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.63 | +0.162% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.25 | +0.112% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.51 | +0.146% | $56.2M | $118.3M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | +0.050% | $950K | $555K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.48 | +0.013% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.41 | +0.133% | $7.1M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.13 | −0.032% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.61 | +0.030% | $2.5M | $997K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.11 | +0.094% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | +0.034% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.26 | +0.114% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0508% | 4h | 774.19 | +0.105% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC