Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0051%/8h= +5.5% APRpaid last 24h +0.030%

Price spread now: Ondo Perps against BloFin−0.138%7-day average −0.061% · you buy dearer than you sell

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.138%, 7d avg −0.061%

Together, before fees+0.416%+ Points / potential airdropOndo Perps: Active · farm board+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.077% cheaper against BloFin than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.061%). If the spread goes back, that is −$8 on $10k: about 5.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.323% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.48	0.0000	get 0.0000% / 8h	2h 30m	$1.9M	$1.2M	75x
Short	Ondo Perps SPCX-USD.P	152.27	0.0050	get 0.0006% / 1h	30m 08s	$3.2M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against BloFin. 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 BloFinbpFee Ondo PerpsbpOrdersPrice spread, now −0.138%Rate

Funding earned: $10.63
Price spread: −0.138% → −0.061%: −$7.71
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$14.07
Costs to cover: 0.170%
Break-even: 16.3 days

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.33 bp	6.4 bp −$6	8.2 bp −$82	9.4 bp −$944	13.7 bp −$6,868
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 −0.0187% / S +0.0435%	1h	152.44	−0.023%	$90K	—	20x	as long as short
BloFin SPCX-USDTlong	0.0000%	8h	152.48	long leg	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.55	+0.046%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.53	+0.033%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.57	+0.059%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.147%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.54	+0.039%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.69	+0.138%	$8K	$910K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.59	+0.072%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.49	+0.007%	$87K	$1.3M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0022%	1h	152.37	−0.071%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.51	+0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.48	0.000%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.41	−0.046%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.50	+0.013%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.55	+0.046%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.45	−0.020%	$130.9M	$128.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.48	0.000%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	+0.039%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.57	+0.059%	$531K	$387K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.27	−0.138%	$3.2M	$2.3M	10x
Paradex SPCX-USD-PERP	+0.0060%	8h	152.54	+0.042%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.43	−0.033%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.47	−0.007%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.072%	$58K	$272K	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	152.54	+0.036%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0112%	8h	152.48	+0.001%	$6.0M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0119%	8h	152.55	+0.046%	$250.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.52	+0.026%	$731K	$4.6M	10x	as long as short
Nado SPCX-PERP	+0.0120%	1h	152.49	+0.007%	$614K	$803K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0125%	8h	152.57	+0.059%	$39.3M	$166.3M	75x	as long as short
Bullet SPCX-USD	+0.0152%	1h	152.56	+0.052%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.57	+0.059%	$408K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.026%	$739K	$923K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.45	−0.020%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0377%	8h	152.59	+0.071%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.144%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0963%	4h	152.42	−0.037%	$1.7M	$893K	20x	as long as short