Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.023%

Price spread now: Bitget against Ondo Perps+0.105%7-day average +0.072% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.208%+$21 · spread now +0.105%, 7d avg +0.072%

Together, before fees+0.169%+ Points / potential airdropOndo Perps: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.033% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.072%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.039% in total) that is about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.23	0.0050	pay 0.0006% / 1h	16m 38s	$3.2M	$2.2M	10x
Short	Bitget SPCXUSDT	152.39	0	get 0.0000% / 8h	1h 16m	$31.2M	$66.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$10.58
Price spread: +0.105% → +0.072%: $3.26
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.32
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.66 bp	7.0 bp −$7	8.4 bp −$84	19.7 bp −$1,967	29.9 bp −$15.0K

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 −0.0187% / S +0.0435%	1h	152.31	+0.056%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.34	+0.072%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.39	+0.105%	$31.2M	$66.1M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.333%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.099%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.315%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.48	+0.164%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0005%	8h	152.38	+0.099%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0014%	8h	152.41	+0.118%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.34	+0.074%	$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	152.28	+0.033%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.35	+0.079%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.32	+0.059%	$103K	$300K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	+0.059%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	+0.092%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	+0.105%	$530K	$379K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.23	long leg	$3.2M	$2.2M	10x
RISEx SPCX/USDC	+0.0072%	1h	152.40	+0.110%	$392K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	+0.039%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.24	+0.007%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	+0.092%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.42	+0.125%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	+0.104%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0112%	8h	152.42	+0.124%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0118%	1h	152.27	+0.026%	$130.0M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0127%	8h	152.37	+0.094%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0135%	8h	152.37	+0.092%	$251.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.33	+0.063%	$725K	$3.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0139%	1h	152.36	+0.085%	$487K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0142%	8h	152.39	+0.105%	$39.5M	$166.7M	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.30	+0.046%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	+0.085%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.39	+0.105%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0265%	1h	152.24	+0.005%	$626K	$807K	20x	as long as short
Bullet SPCX-USD	+0.0301%	1h	152.40	+0.115%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0401%	8h	152.48	+0.163%	$18.9M	$29.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.381%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0608%	4h	152.38	+0.098%	$1.7M	$892K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0670%	1h	152.35	+0.079%	$89K	$1.3M	10x	as long as short