Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.001%

Price spread now: Ondo Perps against Bybit−0.092%47s7-day average −0.060% · you buy dearer than you sell

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days−0.612%−$61 · spread now −0.092%, 7d avg −0.060%

Together, before fees−0.531%+ Points / potential airdropOndo Perps: Active · farm board−$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.032% cheaper against Bybit than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.060%). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$2 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	152.70	0	get 0.0000% / 8h	5h 27m	$30.1M	$43.3M	100x
Short	Ondo Perps SPCX-USD.P	152.56	0.0050	get 0.0006% / 1h	27m 55s	$3.0M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. 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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now −0.092%Rate

Funding earned: $10.58
Price spread: −0.092% → −0.060%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$8.59
Costs to cover: 0.160%
Break-even: 12.7 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.31 bp	7.9 bp −$8	11.0 bp −$110	43.9 bp −$4,395	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 38 exchanges

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	152.56	−0.088%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0075%	8h	152.67	−0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDTlong	0.0000%	8h	152.70	long leg	$30.1M	$43.3M	100x
Gate SPCX_USDT	0.0000%	8h	152.66	−0.026%	$96.2M	$32.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.74	+0.026%	$31.0M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	−0.013%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.105%	$8K	$814K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.59	−0.072%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.73	+0.020%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0010%	8h	152.62	−0.053%	$5.9M	$2.7M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0020%	1h	152.61	−0.057%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0030%	1h	152.62	−0.052%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.61	−0.059%	$1.6M	$7.5M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	−0.079%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.052%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.56	−0.092%	$103K	$292K	5x	as long as short
Binance SPCXUSDT	+0.0044%	8h	152.67	−0.018%	$251.7M	$1.38B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.58	−0.079%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.62	−0.050%	$728K	$5.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.57	−0.085%	$128.3M	$129.9M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	−0.052%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.63	−0.046%	$532K	$371K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.65	−0.033%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.56	−0.092%	$3.0M	$2.1M	10x
RISEx SPCX/USDC	+0.0051%	1h	152.69	−0.004%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0076%	8h	152.71	+0.007%	$39.5M	$168.6M	75x	as long as short
Bullet SPCX-USD	+0.0091%	1h	152.67	−0.020%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.55	−0.098%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.58	−0.079%	$13.0M	$6.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.66	−0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	−0.020%	$15K	$7K	10x	as long as short
Polymarket Perps SPCX-USD	+0.0102%	1h	152.66	−0.026%	$487K	$1.1M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.62	−0.051%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0111%	1h	152.60	−0.069%	$633K	$805K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	0.000%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.66	−0.026%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.82	+0.077%	$19.0M	$30.6M	20x	as long as short
edgeX SPCXUSDC	+0.0860%	4h	152.62	−0.054%	$1.7M	$891K	20x	as long as short