Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against HTX−0.085%7-day average −0.054% · you buy dearer than you sell

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

Long on HTX 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)+0.111%+$11 · spread now −0.085%, 7d avg −0.054%

Together, before fees+0.231%+ Points / potential airdropOndo Perps: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.031% cheaper against HTX than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.054%). If the spread goes back, that is −$3 on $10k: about 2.0 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	HTX SPCX-USDT	153.01	0	get 0.0000% / 8h	5h 26m	$1.3M	$1.7M	75x
Short	Ondo Perps SPCX-USD.P	152.88	0.0050	get 0.0006% / 1h	26m 51s	$3.2M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against HTX. 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 HTXbpFee Ondo PerpsbpOrdersPrice spread, now −0.085%Rate

Funding earned: $10.58
Price spread: −0.085% → −0.054%: −$3.06
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.47
Costs to cover: 0.170%
Break-even: 13.3 days

Slippage unknown: HTX: live order book, 2 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 HTX live order book, 2 min ago	1.31 bp	11.2 bp −$11	12.1 bp −$121	16.0 bp −$1,602	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 −0.0333% / S +0.0531%	1h	152.97	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.97	−0.026%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.02	+0.007%	$31.7M	$65.7M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.756%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.065%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.137%	$8K	$939K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	153.01	long leg	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	−0.026%	$8K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0032%	8h	152.99	−0.013%	$30.8M	$42.8M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.052%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0040%	1h	152.96	−0.033%	$1.6M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.98	−0.020%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	−0.020%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	−0.026%	$534K	$401K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.88	−0.085%	$3.2M	$2.5M	10x
BloFin SPCX-USDT	+0.0067%	8h	153.01	0.000%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	153.02	+0.008%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0088%	4h	152.99	−0.011%	$1.7M	$891K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.065%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.88	−0.085%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.015%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0155%	1h	153.01	0.000%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0172%	8h	152.99	−0.011%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0177%	8h	153.01	0.000%	$39.5M	$167.6M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.96	−0.031%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0187%	8h	153.01	0.000%	$252.4M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.97	−0.026%	$142.1M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	+0.021%	$408K	$549K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.94	−0.046%	$73K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0210%	1h	152.90	−0.071%	$622K	$830K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	0.000%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	+0.007%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.09	+0.055%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.176%	$9K	$27K	5.5x	as long as short