Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.006%

Price spread now: Paradex against Ondo Perps+0.098%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.098% dearer against Ondo Perps than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.47	0.0050	pay 0.0006% / 1h	47m 19s	$3.2M	$2.3M	10x
Short	Paradex SPCX-USD-PERP	152.62	0.0071	get 0.0071% / 8h	1h 47m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.098%Rate

Funding earned: $4.33
Price spread: +0.098% → 0.000%: $9.77
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $5.11
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Ondo Perps and Paradex: 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 −0.0187% / S +0.0435%	1h	152.50	+0.023%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.60	+0.085%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.59	+0.079%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.56	+0.059%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.61	+0.092%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.155%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	+0.131%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.262%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.68	+0.138%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.52	+0.034%	$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	152.52	+0.033%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.57	+0.066%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.53	+0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.55	+0.052%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	+0.059%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.56	+0.059%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.49	+0.013%	$531K	$384K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.47	long leg	$3.2M	$2.3M	10x
tradeXYZ xyz:SPCX	+0.0067%	1h	152.49	+0.013%	$130.1M	$129.0M	20x	as long as short
Paradex SPCX-USD-PERPshort	+0.0071%	8h	152.62	+0.098%	$101	—	5x
RISEx SPCX/USDC	+0.0072%	1h	152.64	+0.113%	$408K	$498K	20x	as long as short
Variational Omni SPCX	+0.0079%	8h	152.62	+0.098%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0096%	1h	152.54	+0.046%	$1.6M	$7.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.51	+0.026%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.49	+0.013%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	+0.039%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	+0.085%	$15K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0100%	8h	152.60	+0.086%	$250.4M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.56	+0.058%	$732K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.59	+0.079%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0113%	8h	152.62	+0.098%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.098%	$726K	$932K	10x	as long as short
edgeX SPCXUSDC	+0.0201%	4h	152.61	+0.093%	$1.7M	$893K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.62	+0.098%	$444K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.50	+0.020%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0245%	1h	152.61	+0.091%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0360%	8h	152.72	+0.165%	$18.9M	$25.9M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.55	+0.052%	$89K	$1.3M	10x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.275%	$9K	$28K	5.5x	as long as short