Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.019%
Price spread now: KuCoin against Ondo Perps+0.057%7-day average +0.107% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 7 days+0.098%+$10 · spread now +0.057%, 7d avg +0.107%
=Together, before fees+0.332%+ Points / potential airdropOndo Perps: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.050% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.057% now, against its 7-day average of +0.107%). If the spread goes back, that is −$5 on $10k: about 3.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.234% in total) that is about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.03 | 0.0050 | pay 0.0006% / 1h | 37m 12s | $4.8M | $842K | 20x |
| Short | KuCoin SPYUSDTM | 773.47 | 0.0100 | get 0.0100% / 8h | 3h 37m | $2.5M | $973K | 20x |
Ondo Perps SPY-USD.P
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $10.42
- Price spread: +0.057% → +0.107%
- −$5.02
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$11.6
- Costs to cover
- 0.170%
- Break-even
- 14.8 days
Slippage unknown: Ondo Perps: no order-book sample; KuCoin: 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 KuCoin live order book, 5 min ago | 3.17 bp | 11.0 bp −$11 | 106.5 bp −$1,065 | 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 | 774.25 | +0.158% | $417K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.59 | +0.072% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.16 | +0.147% | $28.1M | $79.2M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.19 | +0.150% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.06 | +0.133% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.68 | +0.084% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.17 | +0.147% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.34 | +0.169% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.25 | +0.158% | $159K | $381K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.25 | +0.287% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.40 | +0.177% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0017% | 8h | 774.14 | +0.143% | $864K | $194K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0026% | 1h | 773.48 | +0.058% | $163K | $24K | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.42 | +0.050% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.08 | +0.006% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0046% | 1h | 773.84 | +0.105% | $1.5M | $285K | 20x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.47 | +0.186% | $56.4M | $116.8M | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.03 | long leg | $4.8M | $842K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.132% | $954K | $552K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.47 | +0.057% | $2.5M | $973K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | +0.150% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.30 | +0.165% | $7.0M | $5.0M | 25x | as long as short |
| Lighter SPY | +0.0104% | 1h | 774.25 | +0.158% | $8.2M | $19.3M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.60 | +0.073% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | +0.148% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0228% | 1h | 774.07 | +0.135% | $23K | $56K | 20x | as long as short |
| edgeX SPYUSDC | +0.0248% | 4h | 774.04 | +0.131% | $640K | $242K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
ApeX Omni SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Lighter SPY
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC