SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.009%

Price spread now: Ondo Perps against Bullet−0.131%7-day average −0.066% · you buy dearer than you sell

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

Long on Bullet Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.849%−$85 · spread now −0.131%, 7d avg −0.066%

Together, before fees−0.890%+ Points / potential airdropOndo Perps: Active · farm board−$89 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.065% cheaper against Bullet than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SPCX-USD	153.04	0.0145	pay 0.0018% / 1h	44m 09s	$11K	$189K	10x
Short	Ondo Perps SPCX-USD.P	152.84	0.0050	get 0.0006% / 1h	44m 09s	$3.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 BulletbpFee Ondo PerpsbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$19.95
Price spread: −0.131% → −0.066%: −$6.45
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$39.4
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bullet: live order book, 25 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 Bullet live order book, 25 min ago	0.65 bp	5.7 bp −$6	20.5 bp −$205	doesn't fit	doesn't fit
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 −0.0342% / S +0.0538%	1h	153.00	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	−0.020%	$96.3M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.731%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.065%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.144%	$8K	$949K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.98	−0.039%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.92	−0.076%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.98	−0.039%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.96	−0.052%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.183%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.95	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.03	−0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.02	−0.013%	$1.2M	$7.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.033%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	−0.020%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	−0.046%	$534K	$407K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.84	−0.131%	$3.2M	$2.6M	10x
Paradex SPCX-USD-PERP	+0.0084%	8h	153.05	+0.009%	$101	—	5x	as long as short
Bybit SPCXUSDT	+0.0091%	8h	153.04	0.000%	$30.9M	$42.8M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.072%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.02	−0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.04	−0.002%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	−0.007%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USDlong	+0.0145%	1h	153.04	long leg	$11K	$189K	10x
tradeXYZ xyz:SPCX	+0.0159%	1h	153.00	−0.026%	$142.4M	$119.8M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0201%	8h	153.04	0.000%	$39.4M	$169.0M	75x	as long as short
Bitget SPCXUSDT	+0.0214%	8h	153.06	+0.013%	$31.8M	$66.6M	75x	as long as short
Variational Omni SPCX	+0.0217%	8h	152.98	−0.038%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0230%	8h	153.04	0.000%	$252.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0232%	1h	153.01	−0.019%	$734K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0260%	1h	152.97	−0.046%	$620K	$843K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.065%	$728K	$977K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.02	−0.013%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0392%	8h	153.12	+0.050%	$19.0M	$17.4M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.06	+0.010%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0635%	4h	152.99	−0.035%	$1.7M	$894K	20x	as long as short