Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.019%
Price spread now: Orderly against Ondo Perps+0.125%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.125% dearer against Ondo Perps than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPY-USD.P | 773.19 | 0.0050 | pay 0.0006% / 1h | 22m 19s | $4.8M | $845K | 20x |
| Short | Orderly PERP_SPY_USDC_mythos | 774.16 | 0.0100 | get 0.0100% / 8h | 7h 22m | $1K | — | 20x |
Ondo Perps SPY-USD.P
Orderly PERP_SPY_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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: +0.125% → 0.000%
- $12.55
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $11.96
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample | — | — | — | — | — |
Ondo Perps and Orderly: 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 | −0.0101% | 8h | 774.34 | +0.149% | $414K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.56 | +0.048% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.40 | +0.156% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.84 | +0.084% | $780K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.40 | +0.286% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.177% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0007% | 8h | 774.30 | +0.144% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0007% | 8h | 774.09 | +0.117% | $862K | $204K | 20x | as long as short |
| Bitget SPYUSDT | +0.0015% | 8h | 774.40 | +0.156% | $11.0M | $2.2M | 50x | as long as short |
| MEXC SPY_USDT | +0.0018% | 8h | 774.25 | +0.137% | $29.9M | $11.7M | 100x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
Bitget SPYUSDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0019% | 8h | 774.22 | +0.133% | $28.5M | $81.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.96 | +0.100% | $8.2M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.38 | +0.154% | $57.4M | $114.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.95 | −0.031% | — | $123K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0049% | 8h | 774.66 | +0.190% | $168K | $398K | 10x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.19 | long leg | $4.8M | $845K | 20x | |
| Phoenix SPY | +0.0062% | 1h | 774.10 | +0.118% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | +0.105% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | +0.083% | $2.5M | $949K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.61 | +0.054% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythosshort | +0.0100% | 8h | 774.16 | +0.125% | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.66 | +0.061% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0108% | 1h | 773.78 | +0.076% | $1.5M | $285K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0125% | 1h | 773.93 | +0.096% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.21 | +0.131% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.41 | +0.157% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0462% | 4h | 774.45 | +0.163% | $640K | $241K | 20x | as long as short |
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Aevo SPY-PERP
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC