Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0799%/8h= −87.5% APRpaid last 24h −0.049%

Price spread now: Ondo Perps against edgeX−0.068%54s7-day average −0.034% · you buy dearer than you sell

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

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.579%−$58 on $10k

Price spread, last 7 days−0.425%−$43 · spread now −0.068%, 7d avg −0.034%

Together, before fees−1.005%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$100 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Ondo Perps is 0.034% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.034%). Swap the legs. The two prices were read 54 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	edgeX SPCXUSDC	152.77	0.0849	pay 0.0425% / 4h	2h 56m	$1.7M	$888K	20x
Short	Ondo Perps SPCX-USD.P	152.67	0.0050	get 0.0006% / 1h	56m 00s	$3.1M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$167.71
Price spread: −0.068% → −0.034%: −$3.38
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$185.1
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: 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 edgeX live order book, 3 min ago	1.64 bp	6.1 bp −$6	6.9 bp −$69	20.9 bp −$2,092	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 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	152.74	−0.025%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0025%	8h	152.80	+0.017%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.80	+0.017%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.77	−0.003%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.84	+0.043%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	−0.042%	$305K	$2.6M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	152.80	+0.020%	$11K	$191K	10x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.227%	$8K	$840K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.84	+0.043%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0013%	1h	152.71	−0.039%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0031%	1h	152.76	−0.009%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.73	−0.029%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.70	−0.048%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.71	−0.042%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.79	+0.011%	—	$1.3M	10x	as long as short
Nado SPCX-PERP	+0.0048%	1h	152.73	−0.028%	$634K	$807K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.71	−0.042%	$129.6M	$130.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.78	+0.004%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.76	−0.009%	$1.7M	$100K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.77	−0.003%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.67	−0.068%	$3.1M	$2.2M	10x
Paradex SPCX-USD-PERP	+0.0056%	8h	152.77	−0.001%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.81	+0.024%	$382K	$507K	20x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.78	+0.002%	$5.9M	$2.7M	—	as long as short
Binance SPCXUSDT	+0.0093%	8h	152.78	+0.004%	$252.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.77	−0.005%	$723K	$5.4M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.70	−0.048%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.70	−0.048%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.84	+0.043%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.79	+0.011%	$15K	$7K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0102%	8h	152.82	+0.030%	$39.4M	$168.9M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.77	−0.004%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0143%	1h	152.78	+0.004%	$82K	$1.4M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.67	−0.068%	$687K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.73	−0.029%	$449K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.91	+0.089%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.004%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0849%	4h	152.77	long leg	$1.7M	$888K	20x