Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.001%

Price spread now: Bybit against Ondo Perps+0.125%7-day average +0.060% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.539%+$54 · spread now +0.125%, 7d avg +0.060%

Together, before fees+0.458%+ Points / potential airdropOndo Perps: Active · farm board+$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.065% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.060%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.16	0.0050	pay 0.0006% / 1h	10m 09s	$3.1M	$2.1M	10x
Short	Bybit SPCXUSDT	152.35	0	get 0.0000% / 8h	4h 10m	$30.0M	$42.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$10.58
Price spread: +0.125% → +0.060%: $6.54
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.05
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.31 bp	8.9 bp −$9	12.8 bp −$128	39.4 bp −$3,940	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 38 exchanges

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	152.22	+0.036%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0073%	8h	152.31	+0.099%	$2.0M	$1.2M	75x	as long as short
Bybit SPCXUSDTshort	0.0000%	8h	152.35	+0.125%	$30.0M	$42.1M	100x
Gate SPCX_USDT	0.0000%	8h	152.30	+0.092%	$96.1M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.34	+0.118%	$31.2M	$65.5M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.32	+0.105%	$305K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.309%	$8K	$786K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.145%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0005%	8h	152.33	+0.114%	$5.9M	$2.9M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.23	+0.046%	$41K	$1.3M	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0025%	1h	152.29	+0.087%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0029%	1h	152.32	+0.105%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.26	+0.066%	$1.5M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.24	+0.053%	$2.5M	$7.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.51	+0.230%	$9K	$28K	5.5x	as long as short
Extended SPCX-USD	+0.0040%	1h	152.24	+0.050%	$700K	$5.2M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.30	+0.092%	$102K	$293K	5x	as long as short
Binance SPCXUSDT	+0.0043%	8h	152.29	+0.087%	$252.5M	$1.36B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.29	+0.085%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	+0.046%	$127.9M	$126.0M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.29	+0.085%	$1.7M	$90K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	+0.085%	$531K	$382K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.16	long leg	$3.1M	$2.1M	10x
Paradex SPCX-USD-PERP	+0.0052%	8h	152.34	+0.121%	$101	—	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0088%	8h	152.37	+0.138%	$39.7M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0093%	1h	152.28	+0.079%	$482K	$1.0M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.24	+0.053%	$166K	$116K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.22	+0.039%	$13.0M	$6.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.50	+0.223%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.28	+0.079%	$14K	$7K	10x	as long as short
RISEx SPCX/USDC	+0.0104%	1h	152.39	+0.154%	$350K	$480K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.24	+0.052%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0175%	1h	152.20	+0.027%	$629K	$804K	20x	as long as short
edgeX SPCXUSDC	+0.0190%	4h	152.30	+0.094%	$1.7M	$889K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.22	+0.039%	$736K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.40	+0.158%	$447K	$272K	15x	as long as short
Bullet SPCX-USD	+0.0214%	1h	152.33	+0.110%	$11K	$189K	10x	as long as short
Aster SPCXUSD1	+0.0332%	8h	152.33	+0.110%	$19.0M	$30.8M	20x	as long as short