SPY funding arbitrage: bybit vs ondo

Long SPYUSDT on bybit against short SPY-USD.P on ondo.

SideExchangeSymbolFundingFunding APR24h volumeOpen interest
LongbybitSPYUSDT0.0000% / 8h+0.00%$1.44M$2.20M
ShortondoSPY-USD.P0.0006% / 1h+5.52%$921.8K$3.99M

Funding spread +5.52% APR. Price spread -0.0938%.

Data generated at 2026-09-01T05:32:41Z. Live numbers load on this page automatically.