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: Ondo Perps against SunX−0.262%7-day average −0.117% · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

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)+0.249%+$25 · spread now −0.262%, 7d avg −0.117%

Together, before fees+0.369%+ Points / potential airdropOndo Perps: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.145% cheaper against SunX than usual: you would sell low and buy high (spread −0.262% now, against its 7-day average of −0.117%). If the spread goes back, that is −$14 on $10k: about 9.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	152.50	0	get 0.0000% / 8h	7h 45m	$8K	$859K	10x
Short	Ondo Perps SPCX-USD.P	152.10	0.0050	get 0.0006% / 1h	45m 02s	$3.2M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. 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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now −0.262%Rate

Funding earned: $10.58
Price spread: −0.262% → −0.117%: −$14.49
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$16.9
Costs to cover: 0.130%
Break-even: 18.2 days

Slippage unknown: SunX: live order book, 67 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 SunX live order book, 67 min ago	21.99 bp	26.0 bp −$26	doesn't fit	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	152.21	−0.193%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0011%	8h	152.29	−0.138%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.34	−0.105%	$30.5M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.30	−0.131%	$96.2M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.36	−0.092%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.28	−0.144%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.50	long leg	$8K	$859K	10x
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.25	−0.164%	$87K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.33	−0.111%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.17	−0.218%	$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	152.26	−0.157%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.22	−0.184%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.23	−0.177%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.21	−0.190%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.26	−0.157%	—	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0046%	1h	152.29	−0.136%	$11K	$191K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.25	−0.164%	$129.9M	$129.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.16	−0.223%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.27	−0.151%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	−0.138%	$530K	$365K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.10	−0.262%	$3.2M	$2.2M	10x
Paradex SPCX-USD-PERP	+0.0065%	8h	152.24	−0.171%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0080%	1h	152.19	−0.201%	$635K	$815K	20x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.25	−0.164%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.16	−0.223%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.21	−0.190%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.29	−0.138%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.30	−0.131%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.28	−0.143%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0109%	8h	152.31	−0.126%	$253.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.25	−0.163%	$725K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0121%	8h	152.36	−0.092%	$39.4M	$167.4M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.29	−0.134%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.26	−0.157%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.243%	$693K	$992K	10x	as long as short
edgeX SPCXUSDC	+0.0305%	4h	152.25	−0.166%	$1.7M	$891K	20x	as long as short
Aster SPCXUSD1	+0.0381%	8h	152.43	−0.049%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.046%	$9K	$28K	5.5x	as long as short