Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.003%

Price spread now: Ondo Perps against KuCoin−0.013%7-day average −0.009% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.013%, 7d avg −0.009%

Together, before fees+0.145%+ Points / potential airdropOndo Perps: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.131%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.49	0.0100	pay 0.0100% / 8h	1h 46m	$13.0M	$5.4M	20x
Short	Ondo Perps SPCX-USD.P	152.47	0.0050	get 0.0006% / 1h	46m 01s	$3.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$10.42
Price spread: −0.013% → −0.009%: −$0.42
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$27.83
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: 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 KuCoin live order book, 3 min ago	0.98 bp	16.7 bp −$17	41.8 bp −$418	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 −0.0335% / S +0.0533%	1h	152.59	+0.069%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.61	+0.079%	$96.5M	$30.8M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.128%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.65	+0.105%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.79	+0.197%	$8K	$976K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.62	+0.085%	$1.3M	$1.7M	75x	as long as short
Bullet SPCX-USD	+0.0022%	1h	152.62	+0.085%	$12K	$189K	10x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	+0.066%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	+0.052%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	+0.052%	$2.4M	$7.5M	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	157.25	+3.122%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	+0.125%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	+0.072%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.61	+0.079%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	+0.085%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.47	−0.013%	$3.2M	$2.6M	10x
QFEX SPCX-USD	+0.0066%	1h	152.61	+0.079%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.62	+0.085%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0084%	1h	152.59	+0.066%	$129.8M	$107.4M	20x	as long as short
BloFin SPCX-USDT	+0.0088%	8h	152.64	+0.098%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.53	+0.026%	$175K	$130K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.49	long leg	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.56	+0.046%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	+0.105%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	+0.100%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	152.65	+0.105%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0183%	8h	152.66	+0.111%	$38.9M	$168.1M	75x	as long as short
Variational Omni SPCX	+0.0191%	8h	152.62	+0.087%	$6.1M	$3.9M	—	as long as short
Nado SPCX-PERP	+0.0206%	1h	152.55	+0.042%	$625K	$875K	20x	as long as short
Binance SPCXUSDT	+0.0206%	8h	152.64	+0.095%	$256.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.59	+0.069%	$715K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.62	+0.085%	$70K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.56	+0.046%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.70	+0.140%	$19.0M	$21.5M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.144%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.63	+0.092%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0325%	8h	152.64	+0.098%	$31.0M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.69	+0.134%	$402K	$542K	20x	as long as short
edgeX SPCXUSDC	+0.0618%	4h	152.62	+0.086%	$1.7M	$893K	20x	as long as short