Funding you earn now, next payment 04:00 UTC+0.0123%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.054%
Price spread now: RISEx against Ondo Perps+0.109%7-day average +0.154% · 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)+0.058%+$6 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now +0.109%, 7d avg +0.154%
=Together, before fees+0.151%+ Points / potential airdropOndo Perps: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.045% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.109% now, against its 7-day average of +0.154%). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.058% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.62 | 0.0050 | pay 0.0006% / 1h | 32m 50s | $4.8M | $838K | 20x |
| Short | RISEx SPY/USDC | 774.46 | 0.0173 | get 0.0022% / 1h | 32m 50s | $7.0M | $5.0M | 25x |
Ondo Perps SPY-USD.P
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $25.76
- Price spread: +0.109% → +0.154%
- −$4.51
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $10.25
- Costs to cover
- 0.110%
- Break-even
- 4.2 days
Slippage unknown: Ondo Perps: no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago | 0.06 bp | 4.1 bp −$4 | 5.0 bp −$50 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0106% | 8h | 774.31 | +0.089% | $417K | $468K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.33 | +0.092% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.33 | +0.092% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.79 | +0.022% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.111% | $10.9M | $1.9M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.71 | +0.012% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.226% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.02 | +0.052% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.65 | +0.133% | $308K | $20K | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0004% | 1h | 773.48 | −0.018% | $163K | $24K | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
ApeX Omni SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0010% | 8h | 774.41 | +0.102% | $163K | $374K | 10x | as long as short |
| MEXC SPY_USDT | +0.0014% | 8h | 774.32 | +0.090% | $25.4M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0014% | 8h | 774.32 | +0.090% | $28.3M | $80.0M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.61 | −0.001% | $934K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.13 | −0.063% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.62 | long leg | $4.8M | $838K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.056% | $954K | $552K | 20x | as long as short |
| Aster SPYUSDT | +0.0064% | 8h | 774.61 | +0.128% | $865K | $196K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.65 | +0.133% | $56.5M | $113.9M | 50x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.34 | +0.093% | $8.3M | $19.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0083% | 1h | 773.94 | +0.041% | $1.5M | $280K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.72 | +0.013% | $2.5M | $976K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.097% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | +0.013% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0124% | 4h | 774.18 | +0.072% | $640K | $242K | 20x | as long as short |
| RISEx SPY/USDCshort | +0.0173% | 1h | 774.46 | +0.109% | $7.0M | $5.0M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | +0.090% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Aster SPYUSDT
Lighter RH SPY
Lighter SPY
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]