Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0782%/8h= +85.6% APRpaid last 24h −0.035%

Price spread now: edgeX against Ondo Perps+0.090%54s7-day average +0.033% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.582%+$58 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.090%, 7d avg +0.033%

Together, before fees+0.487%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.057% 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 +0.033%. The two prices were read 54 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	152.44	0.0050	pay 0.0006% / 1h	26m 44s	$3.2M	$2.4M	10x
Short	edgeX SPCXUSDC	152.58	0.0832	get 0.0416% / 4h	3h 26m	$1.7M	$891K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $164.15
Price spread: +0.090% → +0.033%: $5.69
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $155.84
Costs to cover: 0.140%
Break-even: 0.4 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: 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 edgeX live order book, 2 min ago	1.64 bp	6.1 bp −$6	7.3 bp −$73	20.8 bp −$2,082	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 −0.0265% / S +0.0494%	1h	152.47	+0.016%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.54	+0.066%	$96.3M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.57	+0.085%	$31.5M	$65.6M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.178%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	+0.157%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.82	+0.249%	$8K	$924K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	+0.112%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0021%	8h	152.55	+0.072%	$30.7M	$42.7M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.47	+0.020%	$2.5M	$7.4M	20x	as long as short
Aftermath Perps SPCXUSD	+0.0032%	1h	152.50	+0.038%	$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
BloFin SPCX-USDT	+0.0034%	8h	152.57	+0.085%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.50	+0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.59	+0.098%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.54	+0.066%	$495K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.53	+0.059%	$1.7M	$98K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.54	+0.066%	$532K	$392K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.44	long leg	$3.2M	$2.4M	10x
QFEX SPCX-USD	+0.0050%	1h	152.60	+0.105%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.56	+0.077%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.54	+0.066%	$84K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	+0.007%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.51	+0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.48	+0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.61	+0.112%	$15K	$7K	10x	as long as short
Lighter SPCX	+0.0104%	1h	152.52	+0.052%	$1.6M	$7.4M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.58	+0.092%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0143%	8h	152.56	+0.078%	$6.0M	$3.0M	—	as long as short
Extended SPCX-USD	+0.0152%	1h	152.51	+0.047%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0153%	8h	152.55	+0.073%	$250.0M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.58	+0.092%	$39.4M	$166.4M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0181%	1h	152.46	+0.013%	$134.9M	$125.3M	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.59	+0.102%	$408K	$517K	20x	as long as short
Nado SPCX-PERP	+0.0218%	1h	152.51	+0.049%	$613K	$799K	20x	as long as short
Bullet SPCX-USD	+0.0233%	1h	152.57	+0.087%	$12K	$193K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	0.000%	$739K	$944K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.53	+0.059%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0429%	8h	152.67	+0.150%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.492%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDCshort	+0.0832%	4h	152.58	+0.090%	$1.7M	$891K	20x