Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h −0.015%

Price spread now: Aster against Ondo Perps+0.131%47s7-day average +0.071% · you sell dearer than you buy

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

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.131%, 7d avg +0.071%

Together, before fees−0.139%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.060% dearer against Ondo Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.071%. Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour. 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	Ondo Perps SPCX-USD.P	152.51	0.0050	pay 0.0006% / 1h	22m 54s	$3.1M	$2.6M	10x
Short	Aster SPCXUSD1	152.71	0.0228	get 0.0228% / 8h	2h 22m	$19.0M	$21.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now +0.131%Rate

Funding earned: $37.39
Price spread: +0.131% → +0.071%: $6.03
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $30.42
Costs to cover: 0.130%
Break-even: 1.3 days

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 6 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	0.65 bp	5.4 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit

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 −0.0271% / S +0.0488%	1h	152.57	+0.043%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	+0.079%	$96.4M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.108%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.70	+0.125%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.229%	$8K	$990K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	+0.079%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.53	+0.015%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	+0.046%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.108%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.63	+0.079%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.58	+0.046%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	+0.079%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.63	+0.079%	$541K	$403K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.51	long leg	$3.1M	$2.6M	10x
QFEX SPCX-USD	+0.0057%	1h	152.65	+0.092%	$1.2M	$7.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.59	+0.052%	$70K	$1.1M	10x	as long as short
BloFin SPCX-USDT	+0.0080%	8h	152.67	+0.105%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0088%	1h	152.60	+0.059%	$1.6M	$7.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	+0.046%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	−0.007%	$13.0M	$5.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	+0.013%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.68	+0.111%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0103%	8h	152.66	+0.099%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.68	+0.110%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0144%	8h	152.64	+0.085%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0167%	8h	152.67	+0.105%	$39.0M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0169%	8h	152.64	+0.085%	$6.1M	$4.3M	—	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	152.58	+0.046%	$129.9M	$107.2M	20x	as long as short
Binance SPCXUSDT	+0.0200%	8h	152.65	+0.095%	$256.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.64	+0.085%	$715K	$3.6M	10x	as long as short
Bullet SPCX-USD	+0.0207%	1h	152.65	+0.093%	$12K	$191K	10x	as long as short
Aster SPCXUSD1short	+0.0228%	8h	152.71	+0.131%	$19.0M	$21.3M	20x
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.16	−0.229%	$739K	$963K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.63	+0.079%	$370K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.61	+0.066%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0313%	1h	152.51	+0.002%	$624K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0335%	8h	152.65	+0.092%	$31.3M	$66.3M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.71	+0.131%	$383K	$540K	20x	as long as short
edgeX SPCXUSDC	+0.0768%	4h	152.65	+0.093%	$1.7M	$892K	20x	as long as short