Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.006%

Price spread now: Ondo Perps against Binance−0.157%7-day average −0.072% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days+0.143%+$14 · spread now −0.157%, 7d avg −0.072%

Together, before fees+0.212%+ Points / potential airdropOndo Perps: Active · farm board+$21 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 Ondo Perps is 0.085% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.072%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.58	0.0132	pay 0.0132% / 8h	2h 52m	$250.7M	$1.36B	75x
Short	Ondo Perps SPCX-USD.P	152.34	0.0050	get 0.0006% / 1h	52m 02s	$3.2M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Ondo PerpsbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$17.22
Price spread: −0.157% → −0.072%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$40.71
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Ondo Perps: 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 Binance live order book, 7 min ago	0.33 bp	5.3 bp −$5	6.2 bp −$62	11.3 bp −$1,131	21.7 bp −$10.9K
Sell Ondo Perps no order-book sample	—	—	—	—	—

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.

SPCX on 39 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
GMX SPCX/USD [ETH-USDC]	L −0.0224% / S +0.0463%	1h	152.44	−0.088%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.56	−0.013%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.62	+0.026%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.073%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	0.000%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.131%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	+0.039%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0003%	8h	152.59	+0.007%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0012%	8h	152.54	−0.026%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.41	−0.112%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.48	−0.066%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.44	−0.092%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.52	−0.039%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.53	−0.033%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.45	−0.085%	$131.1M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.50	−0.052%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	−0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.59	+0.007%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.34	−0.157%	$3.2M	$2.3M	10x
Lighter SPCX	+0.0056%	1h	152.52	−0.039%	$1.6M	$7.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	152.55	−0.021%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.56	−0.013%	$87K	$1.3M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	−0.085%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.47	−0.072%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.085%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	−0.033%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.55	−0.017%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.52	−0.040%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDTlong	+0.0132%	8h	152.58	long leg	$250.7M	$1.36B	75x
Extended SPCX-USD	+0.0136%	1h	152.55	−0.020%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0142%	8h	152.60	+0.013%	$39.4M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0174%	1h	152.42	−0.104%	$614K	$804K	20x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.59	+0.010%	$408K	$522K	20x	as long as short
Bullet SPCX-USD	+0.0246%	1h	152.58	0.000%	$12K	$193K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.092%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.48	−0.066%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.59	+0.008%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.059%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0803%	4h	152.50	−0.051%	$1.7M	$892K	20x	as long as short