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: Ondo Perps against Bitget−0.098%7-day average −0.072% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

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−0.215%−$21 · spread now −0.098%, 7d avg −0.072%

Together, before fees−0.176%+ Points / potential airdropOndo Perps: Active · farm board−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.026% cheaper against Bitget than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.072%). If the spread goes back, that is −$3 on $10k: about 41 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.039% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	152.38	0	get 0.0000% / 8h	1h 13m	$31.2M	$66.1M	75x
Short	Ondo Perps SPCX-USD.P	152.23	0.0050	get 0.0006% / 1h	13m 19s	$3.2M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.098%Rate

Funding earned: $10.58
Price spread: −0.098% → −0.072%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.01
Costs to cover: 0.170%
Break-even: 13.0 days

Slippage unknown: Bitget: live order book, 6 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 Bitget live order book, 6 min ago	0.66 bp	6.8 bp −$7	8.0 bp −$80	27.2 bp −$2,719	41.5 bp −$20.7K
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	152.28	−0.069%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.34	−0.026%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	152.38	long leg	$31.2M	$66.1M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.223%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	0.000%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.217%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.42	+0.026%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0008%	8h	152.38	0.000%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0019%	8h	152.40	+0.013%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.30	−0.054%	$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	152.29	−0.059%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.36	−0.013%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.29	−0.059%	$103K	$300K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.29	−0.059%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.33	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.37	−0.007%	$530K	$378K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.23	−0.098%	$3.2M	$2.2M	10x
RISEx SPCX/USDC	+0.0072%	1h	152.41	+0.016%	$392K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	−0.059%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.24	−0.092%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.39	+0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.39	+0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.36	−0.012%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.35	−0.021%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0122%	1h	152.28	−0.066%	$130.0M	$129.1M	20x	as long as short
edgeX SPCXUSDC	+0.0128%	4h	152.35	−0.022%	$1.7M	$893K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0132%	8h	152.40	+0.012%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.33	−0.035%	$724K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0139%	8h	152.37	−0.007%	$251.9M	$1.36B	75x	as long as short
Polymarket Perps SPCX-USD	+0.0146%	1h	152.34	−0.026%	$487K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	152.39	+0.007%	$39.5M	$166.7M	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.32	−0.039%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	−0.066%	$732K	$937K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.39	+0.007%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0268%	1h	152.21	−0.109%	$626K	$805K	20x	as long as short
Bullet SPCX-USD	+0.0305%	1h	152.37	−0.004%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0403%	8h	152.50	+0.076%	$18.9M	$29.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.282%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0473%	1h	152.33	−0.033%	$89K	$1.3M	10x	as long as short