Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Ondo Perps+0.235%7-day average +0.107% · you sell dearer than you buy

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

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.235%, 7d avg +0.107%

Together, before fees−0.342%+ Points / potential airdropOndo Perps: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.129% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.235% now, against its 7-day average of +0.107%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.88	0.0050	pay 0.0006% / 1h	5m 58s	$3.2M	$2.5M	10x
Short	SunX SPCX-USDT	153.24	0	get 0.0000% / 8h	5h 05m	$8K	$936K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.235%Rate

Funding earned: −$10.58
Price spread: +0.235% → +0.107%: $12.87
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$10.71
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 27 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 SunX live order book, 27 min ago	21.88 bp	34.3 bp −$34	doesn't fit	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 −0.0333% / S +0.0531%	1h	152.99	+0.069%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.00	+0.078%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.06	+0.118%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.850%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	+0.052%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	153.24	+0.235%	$8K	$936K	10x
HTX SPCX-USDT	0.0000%	8h	153.05	+0.111%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0023%	8h	153.02	+0.092%	$30.8M	$42.9M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.99	+0.072%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.95	+0.046%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.97	+0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	+0.092%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.02	+0.092%	$1.2M	$6.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	+0.072%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.00	+0.078%	$1.7M	$94K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.078%	$532K	$400K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.88	long leg	$3.2M	$2.5M	10x
BloFin SPCX-USDT	+0.0061%	8h	153.06	+0.118%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0064%	1h	153.00	+0.078%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0076%	8h	153.05	+0.113%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.95	+0.046%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	+0.039%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.95	+0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.098%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.03	+0.100%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.99	+0.072%	$73K	$1.2M	10x	as long as short
Variational Omni SPCX	+0.0167%	8h	153.01	+0.082%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USD	+0.0171%	1h	153.04	+0.105%	$11K	$191K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0173%	8h	153.04	+0.105%	$39.5M	$167.1M	75x	as long as short
Binance SPCXUSDT	+0.0181%	8h	153.02	+0.092%	$252.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.99	+0.072%	$734K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.99	+0.072%	$142.0M	$118.9M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.08	+0.133%	$410K	$532K	20x	as long as short
Nado SPCX-PERP	+0.0222%	1h	152.95	+0.047%	$617K	$826K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.105%	$738K	$979K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.04	+0.105%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0415%	8h	153.12	+0.157%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.262%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0642%	4h	153.03	+0.098%	$1.7M	$892K	20x	as long as short