Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Ondo Perps against Polymarket Perps−0.151%7-day average +0.007% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.100%−$10 · spread now −0.151%, 7d avg +0.007%

Together, before fees−0.077%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.158% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.80	0.0050	pay 0.0006% / 1h	59m 29s	$490K	$1.1M	10x
Short	Ondo Perps SPCX-USD.P	152.57	0.0050	get 0.0006% / 1h	59m 29s	$3.1M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Polymarket 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 Polymarket PerpsbpFee Ondo PerpsbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0.08
Price spread: −0.151% → +0.007%: −$15.77
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$28.68
Costs to cover: 0.130%
Break-even: 2397.2 days

Slippage unknown: Polymarket Perps: live order book, 4 min ago; Ondo Perps: 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 Polymarket Perps live order book, 4 min ago	2.29 bp	10.0 bp −$10	10.7 bp −$107	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	152.75	−0.036%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0022%	8h	152.80	0.000%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.81	+0.007%	$30.5M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.75	−0.033%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.83	+0.020%	$31.0M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	−0.092%	$302K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.04	+0.157%	$8K	$841K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.75	−0.033%	$82K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.88	+0.052%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0015%	1h	152.63	−0.110%	$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
Nado SPCX-PERP	+0.0015%	1h	152.74	−0.041%	$635K	$809K	20x	as long as short
QFEX SPCX-USD	+0.0031%	1h	152.73	−0.046%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.72	−0.052%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.69	−0.072%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.67	−0.085%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.83	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.73	−0.046%	$129.7M	$130.2M	20x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	152.80	long leg	$490K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.74	−0.039%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.78	−0.013%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.57	−0.151%	$3.1M	$2.2M	10x
Paradex SPCX-USD-PERP	+0.0056%	8h	152.75	−0.030%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.82	+0.016%	$382K	$507K	20x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.78	−0.015%	$5.9M	$2.7M	—	as long as short
Bullet SPCX-USD	+0.0089%	1h	152.79	−0.008%	$11K	$191K	10x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.73	−0.048%	$723K	$5.4M	10x	as long as short
Binance SPCXUSDT	+0.0096%	8h	152.80	−0.003%	$253.0M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.71	−0.059%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.65	−0.098%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.84	+0.026%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	−0.026%	$15K	$7K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0104%	8h	152.83	+0.020%	$39.4M	$168.8M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.74	−0.037%	$89	—	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.77	−0.020%	$449K	$267K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.67	−0.085%	$687K	$1.0M	10x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.93	+0.083%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	−0.013%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0488%	4h	152.78	−0.010%	$1.7M	$891K	20x	as long as short