SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0422%/8h= +46.2% APRnext payment +$0.53 per $10,000 · paid last 24h +0.045%

Price spread now: Deribit against Ondo Perps+0.066%7-day average +0.048% · you sell dearer than you buy

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

Long on Ondo Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.066%, 7d avg +0.048%

Together, before fees+0.001%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.033% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.22	0.0050	pay 0.0006% / 1h	4m 58s	$3.2M	$2.2M	10x
Short	Deribit SPCX_USDC-PERPETUAL	152.32	0.0473	get 0.0059% / 1h	4m 58s	$90K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $88.68
Price spread: +0.066% → +0.048%: $1.81
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $78.49
Costs to cover: 0.120%
Break-even: 0.8 days

Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 4 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 Deribit live order book, 4 min ago	4.92 bp	8.9 bp −$9	11.7 bp −$117	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 −0.0234% / S +0.0471%	1h	152.29	+0.049%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.35	+0.085%	$96.1M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.39	+0.112%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.343%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.105%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.61	+0.256%	$8K	$895K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.44	+0.145%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.36	+0.092%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0025%	8h	152.43	+0.138%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.29	+0.048%	$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	152.29	+0.046%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.38	+0.105%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.31	+0.059%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	+0.066%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.32	+0.066%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.37	+0.099%	$530K	$376K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.22	long leg	$3.2M	$2.2M	10x
RISEx SPCX/USDC	+0.0072%	1h	152.41	+0.128%	$392K	$507K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	+0.046%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.23	+0.007%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.40	+0.118%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.38	+0.105%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.36	+0.094%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0123%	1h	152.29	+0.046%	$130.1M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.38	+0.104%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0135%	8h	152.40	+0.121%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.32	+0.066%	$724K	$3.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0144%	1h	152.36	+0.092%	$487K	$1.2M	10x	as long as short
Binance SPCXUSDT	+0.0145%	8h	152.36	+0.094%	$251.9M	$1.36B	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.31	+0.059%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.39	+0.112%	$39.5M	$166.5M	75x	as long as short
edgeX SPCXUSDC	+0.0185%	4h	152.37	+0.099%	$1.7M	$891K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	+0.039%	$732K	$923K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	+0.105%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.24	+0.015%	$626K	$805K	20x	as long as short
Bullet SPCX-USD	+0.0303%	1h	152.37	+0.096%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.46	+0.157%	$18.9M	$29.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.361%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0473%	1h	152.32	+0.066%	$90K	$1.3M	10x