Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against Ondo Perps+0.092%7-day average +0.030% · you sell dearer than you buy

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

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 7 days+0.316%+$32 · spread now +0.092%, 7d avg +0.030%

Together, before fees+0.196%+ Points / potential airdropOndo Perps: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.062% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.030%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.12	0.0050	pay 0.0006% / 1h	52m 45s	$3.2M	$2.2M	10x
Short	Gate SPCX_USDT	152.26	0	get 0.0000% / 8h	7h 52m	$96.2M	$31.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.092%Rate

Funding earned: −$10.58
Price spread: +0.092% → +0.030%: $6.21
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	0.66 bp	10.9 bp −$11	18.5 bp −$185	31.1 bp −$3,105	49.1 bp −$24.5K

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	152.26	+0.095%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0011%	8h	152.32	+0.131%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.28	+0.105%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.26	+0.092%	$96.2M	$31.8M	100x
Bitget SPCXUSDT	0.0000%	8h	152.28	+0.105%	$31.0M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.22	+0.066%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.62	+0.329%	$8K	$866K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.22	+0.066%	$1.3M	$1.8M	75x	as long as short
Bullet SPCX-USD	+0.0020%	1h	152.35	+0.151%	$11K	$192K	10x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.20	+0.053%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.28	+0.105%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.25	+0.085%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.31	+0.125%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.26	+0.092%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	+0.131%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.20	+0.053%	$129.9M	$129.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.24	+0.079%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	+0.105%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.32	+0.131%	$530K	$368K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.12	long leg	$3.2M	$2.2M	10x
Paradex SPCX-USD-PERP	+0.0068%	8h	152.35	+0.151%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.29	+0.112%	$87K	$1.4M	10x	as long as short
Nado SPCX-PERP	+0.0084%	1h	152.20	+0.055%	$635K	$816K	20x	as long as short
Variational Omni SPCX	+0.0095%	8h	152.32	+0.131%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.21	+0.059%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.19	+0.046%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.13	+0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	+0.145%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.30	+0.121%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0109%	8h	152.30	+0.118%	$253.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.30	+0.120%	$723K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0125%	8h	152.27	+0.099%	$39.5M	$167.2M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.31	+0.126%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.18	+0.039%	$444K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.32	+0.131%	$736K	$911K	10x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.40	+0.184%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.44	+0.210%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0545%	4h	152.21	+0.057%	$1.7M	$889K	20x	as long as short