Funding you earn now, next payment 01:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h +0.014%
Price spread now: Ondo Perps against edgeX−0.163%7-day average −0.125% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.762%+$76 on $10k
+Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.163%, 7d avg −0.125%
=Together, before fees+0.823%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board+$82 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Ondo Perps is 0.038% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.125%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.762%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SPYUSDC | 774.45 | 0.0462 | pay 0.0231% / 4h | 3h 23m | $640K | $241K | 20x |
| Short | Ondo Perps SPY-USD.P | 773.19 | 0.0050 | get 0.0006% / 1h | 23m 30s | $4.8M | $845K | 20x |
edgeX SPYUSDC
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against edgeX. 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
- −$86.51
- Price spread: −0.163% → −0.125%
- −$3.78
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$104.29
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 50 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 edgeX live order book, 50 min ago | 5.16 bp | 9.7 bp −$10 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| 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 | −0.0101% | 8h | 774.57 | +0.015% | $413K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.61 | −0.109% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.37 | −0.011% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.89 | −0.073% | $780K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.50 | +0.135% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.97 | +0.067% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0007% | 8h | 774.30 | −0.020% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0007% | 8h | 774.28 | −0.023% | $863K | $204K | 20x | as long as short |
| Bitget SPYUSDT | +0.0018% | 8h | 774.46 | +0.001% | $11.0M | $2.2M | 50x | as long as short |
| Binance SPYUSDT | +0.0019% | 8h | 774.22 | −0.030% | $28.5M | $81.3M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
Bitget SPYUSDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0019% | 8h | 774.25 | −0.026% | $29.9M | $11.7M | 100x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.01 | −0.057% | $8.2M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.40 | −0.007% | $57.3M | $114.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.00 | −0.188% | — | $123K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0049% | 8h | 774.66 | +0.027% | $168K | $398K | 10x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.19 | −0.163% | $4.8M | $845K | 20x | |
| Phoenix SPY | +0.0062% | 1h | 774.10 | −0.046% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.058% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.86 | −0.077% | $2.5M | $949K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.61 | −0.109% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.39 | −0.008% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.87 | −0.075% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0106% | 1h | 773.79 | −0.085% | $1.5M | $285K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0176% | 1h | 774.10 | −0.046% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.38 | −0.010% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.43 | −0.002% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDClong | +0.0462% | 4h | 774.45 | long leg | $640K | $241K | 20x |
MEXC SPY_USDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC