Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0050%/8hpaid last 24h −0.017%

Price spread now: Gate against Ondo Perps+0.013%7-day average +0.026% · you sell dearer than you buy

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

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.042%−$4 · spread now +0.013%, 7d avg +0.026%

Together, before fees−0.162%+ Points / potential airdropOndo Perps: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.06	0.0050	pay 0.0006% / 1h	3m 52s	$3.1M	$2.5M	10x
Short	Gate SPCX_USDT	152.08	0	get 0.0000% / 8h	4h 03m	$96.4M	$30.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$10.58
Price spread: +0.013% → +0.026%: −$1.32
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.91
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	0.33 bp	12.7 bp −$13	20.8 bp −$208	33.9 bp −$3,392	48.7 bp −$24.4K

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 −0.0207% / S +0.0442%	1h	152.16	+0.062%	$88K	—	20x	as long as short
BloFin SPCX-USDT	−0.0046%	8h	152.11	+0.033%	$1.9M	$1.3M	75x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.08	+0.013%	$96.4M	$30.7M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.49	+13.439%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.04	−0.013%	$300K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.34	+0.184%	$8K	$996K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.16	+0.066%	$1.3M	$1.6M	75x	as long as short
Lighter SPCX	+0.0032%	1h	152.12	+0.039%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.10	+0.026%	$2.4M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.413%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SPCX-USDT-SWAP	+0.0038%	8h	152.12	+0.039%	$39.3M	$165.6M	75x	as long as short
Variational Omni SPCX	+0.0039%	8h	152.09	+0.023%	$6.0M	$4.4M	—	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.17	+0.072%	—	$948K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.04	−0.013%	$129.5M	$103.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.12	+0.039%	$487K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.12	+0.039%	$1.7M	$80K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.20	+0.092%	$537K	$393K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.06	long leg	$3.1M	$2.5M	10x
QFEX SPCX-USD	+0.0060%	1h	152.16	+0.066%	$1.2M	$7.5M	10x	as long as short
Bybit SPCXUSDT	+0.0061%	8h	152.13	+0.046%	$30.6M	$41.7M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.17	+0.070%	$100	—	5x	as long as short
Aster SPCXUSD1	+0.0071%	8h	152.18	+0.079%	$17.8M	$19.6M	20x	as long as short
Extended SPCX-USD	+0.0072%	1h	152.13	+0.046%	$712K	$3.5M	10x	as long as short
Binance SPCXUSDT	+0.0076%	8h	152.12	+0.036%	$256.5M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.04	−0.013%	$175K	$137K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.04	−0.013%	$13.0M	$4.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	151.97	−0.059%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.22	+0.105%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.09	+0.020%	$88	—	10x	as long as short
edgeX SPCXUSDC	+0.0129%	4h	152.34	+0.181%	$1.7M	$893K	20x	as long as short
Aftermath Perps SPCXUSD	+0.0143%	1h	152.10	+0.027%	$7K	$10K	10x	as long as short
Bullet SPCX-USD	+0.0155%	1h	152.23	+0.110%	$11K	$191K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0176%	1h	152.08	+0.013%	$747K	$929K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.13	+0.046%	$370K	$186K	15x	as long as short
Arcus SPCX-USD	+0.0250%	1h	152.16	+0.066%	$105K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0259%	1h	151.97	−0.059%	$669K	$839K	20x	as long as short
Bitget SPCXUSDT	+0.0268%	8h	152.12	+0.039%	$29.4M	$64.4M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0342%	1h	152.16	+0.066%	$70K	$995K	10x	as long as short
RISEx SPCX/USDC	+0.0357%	1h	152.23	+0.109%	$319K	$481K	20x	as long as short