Funding you earn now, next payment 05:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.011%
Price spread now: Bybit against Ondo Perps+0.140%7-day average +0.150% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now +0.140%, 7d avg +0.150%
=Together, before fees+0.077%+ Points / potential airdropOndo Perps: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.150%, so right now this pair is about funding alone: −$1 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 | 773.10 | 0.0042 | pay 0.0005% / 1h | 6m 09s | $4.7M | $831K | 20x |
| Short | Bybit SPYUSDT | 774.18 | 0 | get 0.0000% / 8h | 3h 06m | $6.3M | $1.9M | 100x |
Ondo Perps SPY-USD.P
Bybit SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$8.74
- Price spread: +0.140% → +0.150%
- −$1.06
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$25.8
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 0.84 bp | 7.6 bp −$8 | 10.1 bp −$101 | 36.9 bp −$3,687 | 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 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 | 774.20 | +0.142% | $416K | $471K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0048% | 1h | 773.03 | −0.009% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.65 | +0.071% | $161K | $295K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | +0.125% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.17 | +0.139% | $28.3M | $79.7M | 50x | as long as short |
| Bybit SPYUSDTshort | 0.0000% | 8h | 774.18 | +0.140% | $6.3M | $1.9M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.06 | +0.124% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.81 | +0.092% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.16 | +0.137% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.35 | +0.162% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Aster SPYUSDT
Binance 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 | 774.22 | +0.145% | $158K | $359K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.32 | +0.287% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.43 | +0.172% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERP | +0.0001% | 1h | 773.91 | +0.105% | $1.6M | $275K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 773.99 | +0.115% | $23K | $56K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.57 | +0.190% | $56.3M | $118.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.44 | +0.044% | $928K | $1.4M | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0042% | 1h | 773.10 | long leg | $4.7M | $831K | 20x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.11 | +0.001% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.90 | +0.103% | $951K | $558K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.31 | +0.157% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.45 | +0.045% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.137% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.35 | +0.161% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | +0.070% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.18 | +0.140% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0586% | 4h | 774.07 | +0.126% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
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
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC