Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.032%
Price spread now: Ondo Perps against Binance−0.145%56s7-day average −0.173% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 7 days−0.082%−$8 · spread now −0.145%, 7d avg −0.173%
=Together, before fees+0.036%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.028% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.173%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 774.24 | 0 | get 0.0000% / 8h | 3h 14m | $28.4M | $79.6M | 50x |
| Short | Ondo Perps SPY-USD.P | 773.12 | 0.0050 | get 0.0006% / 1h | 14m 45s | $4.7M | $835K | 20x |
Binance SPYUSDT
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Binance. 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
- $10.58
- Price spread: −0.145% → −0.173%
- $2.79
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$1.63
- Costs to cover
- 0.150%
- Break-even
- 8.1 days
Slippage unknown: Binance: live order book, 13 min ago; Ondo Perps: no order-book sample. 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 Binance live order book, 13 min ago | 0.06 bp | 5.1 bp −$5 | 5.8 bp −$58 | 10.3 bp −$1,031 | 28.7 bp −$14.4K |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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 | −0.0120% | 8h | 774.30 | +0.008% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0027% | 1h | 773.26 | −0.127% | $163K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.72 | −0.067% | $161K | $295K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.10 | −0.018% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDTlong | 0.0000% | 8h | 774.24 | long leg | $28.4M | $79.6M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | +0.002% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.24 | 0.000% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.92 | −0.042% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.27 | +0.004% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.42 | +0.023% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.31 | +0.009% | $158K | $359K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.42 | +0.152% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | +0.028% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERP | +0.0013% | 1h | 774.08 | −0.020% | $1.6M | $276K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.66 | +0.054% | $56.4M | $118.1M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.49 | −0.097% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.125% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.12 | −0.145% | $4.7M | $835K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.065% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.33 | +0.011% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.49 | −0.097% | $2.5M | $976K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | −0.011% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.50 | +0.033% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.067% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0176% | 1h | 774.30 | +0.008% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.30 | +0.008% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0458% | 4h | 774.15 | −0.012% | $640K | $243K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC