Funding you earn now, next payment 02:00 UTC+0.0139%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h +0.071%
Price spread now: RISEx against Ondo Perps+0.155%7-day average +0.156% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.052%+$5 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now +0.155%, 7d avg +0.156%
=Together, before fees+0.144%+ Points / potential airdropOndo Perps: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.156%, so right now this pair is about funding alone: +$4 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 | 773.39 | 0.0050 | pay 0.0006% / 1h | 59m 04s | $4.8M | $846K | 20x |
| Short | RISEx SPY/USDC | 774.59 | 0.0190 | get 0.0024% / 1h | 59m 04s | $6.9M | $5.2M | 25x |
Ondo Perps SPY-USD.P
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $29.25
- Price spread: +0.155% → +0.156%
- −$0.13
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $18.12
- Costs to cover
- 0.110%
- Break-even
- 2.7 days
Slippage unknown: Ondo Perps: no order-book sample; RISEx: 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 RISEx live order book, 5 min ago | 0.06 bp | 4.0 bp −$4 | 4.7 bp −$47 | 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 | −0.0095% | 8h | 774.43 | +0.134% | $415K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.61 | +0.028% | $936K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.55 | +0.150% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.98 | +0.076% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.61 | +0.158% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.58 | +0.283% | $1K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.173% | $308K | $20K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 774.09 | +0.091% | $23K | $55K | 20x | as long as short |
| OKX SPY-USDT-SWAP | +0.0014% | 8h | 774.46 | +0.138% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0017% | 8h | 774.57 | +0.152% | $863K | $204K | 20x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
Deribit SPY_USDC-PERPETUAL
OKX SPY-USDT-SWAP
Aster SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0024% | 8h | 774.43 | +0.134% | $19.0M | $11.5M | 100x | as long as short |
| Binance SPYUSDT | +0.0025% | 8h | 774.43 | +0.134% | $28.5M | $81.5M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.26 | +0.112% | $8.3M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.64 | +0.162% | $57.6M | $111.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.027% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.Plong | +0.0050% | 1h | 773.39 | long leg | $4.8M | $846K | 20x | |
| GRVT SPY_USDT_Perp | +0.0059% | 8h | 774.53 | +0.148% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.85 | +0.059% | $161K | $295K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.00 | +0.079% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.81 | +0.054% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.89 | +0.065% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.44 | +0.136% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | +0.058% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0115% | 1h | 773.99 | +0.077% | $1.5M | $285K | 20x | as long as short |
| RISEx SPY/USDCshort | +0.0190% | 1h | 774.59 | +0.155% | $6.9M | $5.2M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.43 | +0.135% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0259% | 4h | 774.34 | +0.123% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
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
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC