Funding you earn now, next payment 10:00 UTC−0.0170%/8h= −18.7% APRpaid last 24h −0.033%
Price spread now: BloFin against Ondo Perps+0.123%7-day average +0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.184%−$18 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.123%, 7d avg +0.139%
=Together, before fees−0.144%+ Points / potential airdropOndo Perps: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.139%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.13 | 0.0050 | pay 0.0006% / 1h | 8m 23s | $4.8M | $845K | 20x |
| Short | BloFin SPY-USDT | 774.08 | −0.0120 | pay 0.0120% / 8h | 6h 08m | $416K | $413K | 50x |
Ondo Perps SPY-USD.P
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$35.78
- Price spread: +0.123% → +0.139%
- −$1.66
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$54.44
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 40 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 BloFin live order book, 40 min ago | 0.06 bp | 6.2 bp −$6 | 6.3 bp −$63 | 8.1 bp −$814 | 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 exchanges
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-USDTshort | −0.0120% | 8h | 774.08 | +0.123% | $416K | $413K | 50x | |
| Nado SPY-PERP | −0.0001% | 1h | 773.81 | +0.088% | $1.5M | $265K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.17 | +0.135% | $862K | $192K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.07 | +0.122% | $28.5M | $74.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.11 | +0.127% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.14 | +0.131% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.73 | +0.078% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.07 | +0.122% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.80 | +0.087% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.16 | +0.134% | $167K | $332K | 10x | as long as short |
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.21 | +0.269% | $2K | $1.2M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.34 | +0.157% | $300K | $38K | 50x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 773.51 | +0.049% | $158K | $150K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.93 | +0.103% | $7.8M | $17.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.24 | +0.144% | $56.9M | $118.2M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.13 | 0.000% | $977K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.03 | −0.013% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.13 | long leg | $4.8M | $845K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.37 | +0.031% | $951K | $169K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.46 | +0.043% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.49 | +0.047% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.99 | +0.111% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.43 | +0.039% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 774.01 | +0.114% | $7.1M | $3.4M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 773.96 | +0.107% | $23K | $39K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.08 | +0.122% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0398% | 4h | 773.95 | +0.106% | $639K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Phoenix SPY
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC