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 +0.015%

Price spread now: Ondo Perps against SunX−0.262%7-day average −0.112% · 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)+0.142%+$14 · spread now −0.262%, 7d avg −0.112%

Together, before fees+0.262%+ Points / potential airdropOndo Perps: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.149% cheaper against SunX than usual: you would sell low and buy high (spread −0.262% now, against its 7-day average of −0.112%). If the spread goes back, that is −$15 on $10k: about 9.9 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	152.84	0	get 0.0000% / 8h	1h 51m	$8K	$897K	10x
Short	Ondo Perps SPCX-USD.P	152.44	0.0050	get 0.0006% / 1h	51m 57s	$3.2M	$2.3M	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

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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% → −0.112%: −$14.94
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: −$17.35
Costs to cover: 0.130%
Break-even: 18.5 days

Slippage unknown: SunX: live order book, 10 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, 10 min ago	21.92 bp	doesn't fit	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 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	152.51	−0.213%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0025%	8h	152.61	−0.150%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.61	−0.150%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.58	−0.170%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.63	−0.137%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.882%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.61	−0.150%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.84	long leg	$8K	$897K	10x
HTX SPCX-USDT	0.0000%	8h	152.64	−0.131%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.52	−0.208%	$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	152.48	−0.236%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.57	−0.177%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.54	−0.196%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.55	−0.190%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	−0.183%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.56	−0.183%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.53	−0.203%	$530K	$383K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.44	−0.262%	$3.2M	$2.3M	10x
Paradex SPCX-USD-PERP	+0.0064%	8h	152.60	−0.158%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.59	−0.165%	$408K	$505K	20x	as long as short
Variational Omni SPCX	+0.0073%	8h	152.63	−0.139%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0080%	1h	152.50	−0.222%	$1.6M	$7.3M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0085%	1h	152.52	−0.209%	$130.1M	$129.0M	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.58	−0.172%	$732K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0096%	8h	152.62	−0.144%	$250.1M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.49	−0.229%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.48	−0.236%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.196%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	−0.157%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.58	−0.167%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0110%	8h	152.63	−0.137%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	−0.144%	$726K	$932K	10x	as long as short
Nado SPCX-PERP	+0.0208%	1h	152.45	−0.254%	$613K	$801K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	−0.190%	$443K	$266K	15x	as long as short
Bullet SPCX-USD	+0.0245%	1h	152.60	−0.154%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0354%	8h	152.72	−0.077%	$18.9M	$25.5M	20x	as long as short
edgeX SPCXUSDC	+0.0371%	4h	152.59	−0.166%	$1.7M	$891K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.033%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0537%	1h	152.56	−0.183%	$89K	$1.3M	10x	as long as short