Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0170%/8h= +18.7% APRpaid last 24h +0.004%
Price spread now: Ondo Perps against BloFin−0.158%95s7-day average −0.142% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.158%, 7d avg −0.142%
Together, before fees+0.187%+ Points / potential airdropOndo Perps: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.142%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SPY-USDT774.25−0.0120get 0.0120% / 8h3h 39m$416K$468K50x
ShortOndo Perps SPY-USD.P773.030.0050get 0.0006% / 1h39m 28s$4.8M$839K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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: −0.158% → −0.142%
−$1.53
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$17.25
Costs to cover
0.170%
Break-even
3.6 days
Slippage unknown: BloFin: live order book, 56 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 56 min ago0.06 bp6.1 bp −$66.4 bp −$649.0 bp −$89715.2 bp −$7,599
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SPY-USDTlong−0.0120%8h774.25long leg$416K$468K50x
Phoenix SPY−0.0010%1h773.71−0.070%$161K$295K20xas long as short
Binance SPYUSDT0.0000%8h774.13−0.015%$28.1M$79.3M50xas long as short
Bybit SPYUSDT0.0000%8h774.15−0.013%$6.3M$1.9M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.06−0.025%$7.9M$3.3M50xas long as short
Gate SPY_USDT0.0000%8h773.66−0.076%$775K$2.4M75xas long as short
MEXC SPY_USDT0.0000%8h774.16−0.012%$29.0M$12.4M100xas long as short
Bitget SPYUSDT0.0000%8h774.32+0.009%$10.9M$1.8M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.29+0.006%$163K$374K10xas long as short
SunX SPY-USDT0.0000%8h775.24+0.128%$2K$1.4M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SPY-USDT0.0000%8h774.29+0.005%$308K$20K50xas long as short
Aster SPYUSDT+0.0019%8h774.12−0.017%$864K$194K20xas long as short
ApeX Omni SPYUSDT+0.0028%1h773.48−0.099%$163K$24K50xas long as short
Arcus SPY-USD+0.0040%1h773.46−0.102%$928K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.05−0.155%$123K50xas long as short
Nado SPY-PERP+0.0047%1h773.83−0.054%$1.5M$285K20xas long as short
Lighter RH SPY+0.0048%1h774.47+0.028%$56.4M$116.5M50xas long as short
Ondo Perps SPY-USD.Pshort+0.0050%1h773.03−0.158%$4.8M$839K20x
Coinbase International SPY-PERP-INTX+0.0056%1h774.05−0.026%$954K$552K20xas long as short
Lighter SPY+0.0096%1h774.24−0.001%$8.2M$19.2M50xas long as short
KuCoin SPYUSDTM+0.0100%8h773.46−0.102%$2.5M$972K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.12−0.017%$1K20xas long as short
RISEx SPY/USDC+0.0100%1h774.31+0.007%$7.0M$5.0M25xas long as short
Aevo SPY-PERP+0.0104%1h773.59−0.085%$87K10xas long as short
Deribit SPY_USDC-PERPETUAL+0.0164%1h774.06−0.025%$23K$56K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.17−0.010%$10K26xas long as short
edgeX SPYUSDC+0.0699%4h774.09−0.021%$640K$241K20xas long as short