Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.018%

Price spread now: Ondo Perps against OKX−0.105%7-day average −0.060% · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days−0.408%−$41 · spread now −0.105%, 7d avg −0.060%

Together, before fees−0.324%+ Points / potential airdropOndo Perps: Active · farm board−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.046% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.060%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.083%, 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	OKX SPCX-USDT-SWAP	152.07	0.0115	pay 0.0115% / 8h	7h 30m	$39.3M	$167.3M	75x
Short	Ondo Perps SPCX-USD.P	151.91	0.0050	get 0.0006% / 1h	30m 09s	$3.1M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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 OKXbpFee Ondo PerpsbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$13.49
Price spread: −0.105% → −0.060%: −$4.55
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$33.05
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: 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 OKX live order book, 4 min ago	0.33 bp	5.3 bp −$5	6.5 bp −$65	13.8 bp −$1,382	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	151.96	−0.076%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.06	−0.007%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.05	−0.013%	$30.4M	$43.1M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.02	−0.033%	$96.2M	$32.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.04	−0.020%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.07	0.000%	$299K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.322%	$8K	$850K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.14	+0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.01	−0.042%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	151.97	−0.066%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	151.95	−0.079%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	151.99	−0.053%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	151.99	−0.053%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	151.98	−0.059%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	151.96	−0.072%	$129.5M	$129.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	151.88	−0.125%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.03	−0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.05	−0.013%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	151.91	−0.105%	$3.1M	$2.2M	10x
Paradex SPCX-USD-PERP	+0.0061%	8h	152.04	−0.021%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.06	−0.007%	$5.9M	$2.8M	—	as long as short
Nado SPCX-PERP	+0.0099%	1h	151.93	−0.092%	$634K	$813K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	151.95	−0.079%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	151.97	−0.066%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.07	0.000%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.07	0.000%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0100%	8h	152.06	−0.007%	$253.3M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.01	−0.039%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.04	−0.020%	$88	—	10x	as long as short
Bullet SPCX-USD	+0.0114%	1h	152.07	+0.002%	$10K	$192K	10x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0115%	8h	152.07	long leg	$39.3M	$167.3M	75x
RISEx SPCX/USDC	+0.0190%	1h	152.09	+0.010%	$380K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.17	+0.066%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.01	−0.039%	$694K	$997K	10x	as long as short
Aster SPCXUSD1	+0.0381%	8h	152.18	+0.071%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.289%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0455%	4h	152.07	+0.001%	$1.7M	$891K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0474%	1h	152.02	−0.033%	$86K	$1.4M	10x	as long as short