Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.020%
Price spread now: Ondo Perps against KuCoin−0.036%7-day average −0.105% · you buy dearer than you sell
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−0.103%−$10 · spread now −0.036%, 7d avg −0.105%
=Together, before fees−0.333%+ Points / potential airdropOndo Perps: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.069% dearer against KuCoin than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.105%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.230% in total) that is about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPYUSDTM | 773.65 | 0.0100 | pay 0.0100% / 8h | 57m 01s | $2.5M | $1.0M | 20x |
| Short | Ondo Perps SPY-USD.P | 773.37 | 0.0050 | get 0.0006% / 1h | 57m 01s | $4.8M | $870K | 20x |
KuCoin SPYUSDTM
Ondo Perps SPY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against KuCoin. 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
- −$10.42
- Price spread: −0.036% → −0.105%
- $6.9
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$20.52
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago | 3.17 bp | 14.7 bp −$15 | 110.3 bp −$1,103 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0291% | 1h | 773.48 | −0.022% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | +0.057% | $418K | $469K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.83 | +0.023% | $161K | $254K | 20x | as long as short |
| Nado SPY-PERP | −0.0019% | 1h | 774.13 | +0.062% | $1.6M | $250K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.43 | +0.101% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.41 | +0.098% | $28.7M | $77.0M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | +0.078% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.34 | +0.089% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.79 | +0.018% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.40 | +0.097% | $29.7M | $11.8M | 100x | 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_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.54 | +0.115% | $10.9M | $1.7M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | +0.101% | $158K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.51 | +0.240% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.13 | +0.062% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.64 | +0.128% | $300K | $38K | 50x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.61 | +0.124% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | +0.035% | $950K | $531K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.41 | +0.098% | $8.2M | $17.5M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.63 | +0.127% | $56.6M | $117.1M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.71 | +0.008% | $927K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.32 | −0.043% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Pshort | +0.0050% | 1h | 773.37 | −0.036% | $4.8M | $870K | 20x | |
| edgeX SPYUSDC | +0.0065% | 4h | 774.28 | +0.082% | $640K | $241K | 20x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 773.65 | long leg | $2.5M | $1.0M | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.093% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | +0.025% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.41 | +0.099% | $10K | — | 26x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
edgeX SPYUSDC
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]