Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Gate−0.066%7-day average −0.029% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.066%, 7d avg −0.029%

Together, before fees+0.212%+ Points / potential airdropOndo Perps: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.036% cheaper against Gate than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.029%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	152.43	0	get 0.0000% / 8h	3h 01m	$96.2M	$31.7M	100x
Short	Ondo Perps SPCX-USD.P	152.33	0.0050	get 0.0006% / 1h	1m 52s	$3.2M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now −0.066%Rate

Funding earned: $10.58
Price spread: −0.066% → −0.029%: −$3.62
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.04
Costs to cover: 0.200%
Break-even: 15.6 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	0.33 bp	12.2 bp −$12	18.6 bp −$186	45.9 bp −$4,587	86.5 bp −$43.3K
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	152.40	−0.023%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.44	+0.007%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.43	long leg	$96.2M	$31.7M	100x
Bitget SPCXUSDT	0.0000%	8h	152.51	+0.052%	$31.4M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.185%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.079%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.70	+0.177%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.57	+0.092%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0013%	8h	152.55	+0.079%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.39	−0.026%	$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	152.36	−0.046%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.41	−0.013%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.50	+0.046%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.47	+0.026%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.44	+0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.46	+0.020%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.33	−0.066%	$3.2M	$2.3M	10x
QFEX SPCX-USD	+0.0050%	1h	152.47	+0.026%	$1.2M	$5.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.52	+0.061%	$101	—	5x	as long as short
Lighter SPCX	+0.0056%	1h	152.40	−0.020%	$1.6M	$7.5M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0056%	1h	152.35	−0.052%	$131.0M	$128.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.39	−0.026%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.33	−0.066%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	+0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.52	+0.059%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	+0.037%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0125%	8h	152.47	+0.025%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.45	+0.014%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.42	−0.007%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0140%	8h	152.49	+0.039%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.47	+0.026%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0185%	1h	152.43	0.000%	$613K	$802K	20x	as long as short
Bullet SPCX-USD	+0.0191%	1h	152.51	+0.052%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.55	+0.077%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.007%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.42	−0.007%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0403%	8h	152.55	+0.080%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.499%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0883%	4h	152.48	+0.035%	$1.7M	$893K	20x	as long as short