SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.047%

Price spread now: Deribit against Ondo Perps+0.026%7-day average +0.050% · you sell dearer than you buy

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

Long on Ondo Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.026%, 7d avg +0.050%

Together, before fees+0.017%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.024% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.46	0.0050	pay 0.0006% / 1h	16m 44s	$3.1M	$2.1M	10x
Short	Deribit SPCX_USDC-PERPETUAL	152.50	0	get 0.0000% / 1h	16m 44s	$50K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$10.58
Price spread: +0.026% → +0.050%: −$2.41
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.99
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, just now. 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 Deribit live order book, just now	0.33 bp	5.8 bp −$6	10.0 bp −$100	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 38 exchanges

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	−0.0059%	8h	152.58	+0.079%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.64	+0.118%	$30.3M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.58	+0.079%	$96.1M	$32.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.67	+0.138%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	+0.079%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.82	+0.236%	$8K	$827K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	0.0000%	1h	152.50	+0.026%	$50K	$1.4M	10x
HTX SPCX-USDT	0.0000%	8h	152.67	+0.138%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.58	+0.076%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0031%	1h	152.56	+0.066%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.53	+0.046%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.52	+0.039%	$2.5M	$7.3M	20x	as long as short
Variational Omni SPCX	+0.0037%	8h	152.54	+0.055%	$5.9M	$2.7M	—	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.54	+0.052%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.52	+0.039%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.53	+0.046%	$128.8M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	+0.066%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.55	+0.059%	$1.7M	$102K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.54	+0.052%	$532K	$362K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.46	long leg	$3.1M	$2.1M	10x
Paradex SPCX-USD-PERP	+0.0051%	8h	152.59	+0.084%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0061%	8h	152.61	+0.098%	$252.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.57	+0.070%	$726K	$5.4M	10x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.63	+0.110%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0089%	8h	152.65	+0.125%	$39.4M	$168.5M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.51	+0.033%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.48	+0.013%	$13.0M	$6.0M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.46	0.000%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.57	+0.072%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	+0.064%	$88	—	10x	as long as short
Bullet SPCX-USD	+0.0104%	1h	152.58	+0.081%	$11K	$191K	10x	as long as short
Nado SPCX-PERP	+0.0119%	1h	152.53	+0.044%	$633K	$805K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.48	+0.013%	$687K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.59	+0.085%	$448K	$271K	15x	as long as short
edgeX SPCXUSDC	+0.0287%	4h	152.55	+0.057%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0384%	8h	152.73	+0.179%	$19.0M	$30.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.210%	$9K	$28K	5.5x	as long as short