Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%
Price spread now: Gate against Ondo Perps+0.085%7-day average +0.137% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 7 days+0.130%+$13 · spread now +0.085%, 7d avg +0.137%
=Together, before fees+0.162%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.052% cheaper against Ondo Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.137%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.14 | 0.0050 | pay 0.0006% / 1h | 57m 39s | $4.8M | $850K | 20x |
| Short | Gate SPY_USDT | 773.80 | 0 | get 0.0000% / 8h | 6h 57m | $792K | $2.4M | 75x |
Ondo Perps SPY-USD.P
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$10.58
- Price spread: +0.085% → +0.137%
- −$5.18
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$35.77
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago | 2.91 bp | 12.7 bp −$13 | 16.5 bp −$165 | 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 | −0.0120% | 8h | 774.10 | +0.124% | $413K | $410K | 50x | as long as short |
| Nado SPY-PERP | −0.0062% | 1h | 773.70 | +0.073% | $1.5M | $251K | 20x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.82 | +0.088% | $158K | $150K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.71 | +0.074% | $862K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.91 | +0.100% | $28.6M | $76.2M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.90 | +0.098% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.87 | +0.094% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 773.80 | +0.085% | $792K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 773.97 | +0.107% | $19.1M | $12.1M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.10 | +0.124% | $11.0M | $1.5M | 50x | as long as short |
BloFin SPY-USDT
Nado SPY-PERP
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.16 | +0.261% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.74 | +0.078% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.184% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.89 | +0.097% | $7.9M | $17.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.15 | +0.131% | $56.8M | $115.1M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.12 | −0.003% | $968K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.01 | −0.017% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.14 | long leg | $4.8M | $850K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 772.60 | −0.070% | $951K | $505K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0097% | 8h | 774.16 | +0.132% | $161K | $341K | 10x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.49 | +0.045% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.09 | −0.006% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.99 | +0.110% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.46 | +0.041% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 774.06 | +0.119% | $7.2M | $3.5M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | +0.143% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0583% | 4h | 774.16 | +0.133% | $640K | $243K | 20x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
GRVT SPY_USDT_Perp
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC