Funding you earn now, next payment 02:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h −0.014%
Price spread now: edgeX against Ondo Perps+0.086%54s7-day average +0.125% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.767%−$77 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.086%, 7d avg +0.125%
=Together, before fees−0.800%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$80 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.039% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.086% now, against its 7-day average of +0.125%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.767%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.39 | 0.0050 | pay 0.0006% / 1h | 34m 20s | $4.8M | $842K | 20x |
| Short | edgeX SPYUSDC | 774.06 | 0.0302 | get 0.0151% / 4h | 2h 34m | $640K | $241K | 20x |
Ondo Perps SPY-USD.P
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $52.9
- Price spread: +0.086% → +0.125%
- −$3.88
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $35.03
- Costs to cover
- 0.140%
- Break-even
- 2.4 days
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 34 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 edgeX live order book, 34 min ago | 5.10 bp | 9.6 bp −$10 | 10.3 bp −$103 | doesn't fit | 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 | −0.0096% | 8h | 774.30 | +0.118% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.02 | +0.081% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.74 | +0.045% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.37 | +0.127% | $10.9M | $2.1M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.248% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.25 | +0.111% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0009% | 8h | 774.03 | +0.083% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0014% | 8h | 774.26 | +0.113% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0023% | 8h | 774.17 | +0.101% | $19.7M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0023% | 8h | 774.18 | +0.102% | $28.4M | $80.4M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0028% | 8h | 774.36 | +0.125% | $162K | $391K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.09 | +0.091% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.34 | −0.006% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.58 | +0.025% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.02 | −0.048% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.56 | +0.151% | $57.2M | $112.9M | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.39 | long leg | $4.8M | $842K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | +0.097% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.57 | +0.023% | $2.5M | $936K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.68 | +0.037% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.10 | +0.092% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | +0.029% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0124% | 1h | 773.82 | +0.056% | $1.5M | $288K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.31 | +0.119% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.18 | +0.103% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0215% | 1h | 774.06 | +0.087% | $23K | $55K | 20x | as long as short |
| edgeX SPYUSDCshort | +0.0302% | 4h | 774.06 | +0.086% | $640K | $241K | 20x |
GRVT SPY_USDT_Perp
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Lighter RH SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL