Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.023%

Price spread now: Bitget against Ondo Perps+0.157%7-day average +0.072% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days−0.191%−$19 · spread now +0.157%, 7d avg +0.072%

Together, before fees−0.229%+ Points / potential airdropOndo Perps: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.085% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of +0.072%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 7 days (−0.038% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.72	0.0050	pay 0.0006% / 1h	46m 40s	$3.2M	$2.4M	10x
Short	Bitget SPCXUSDT	152.96	0	get 0.0000% / 8h	3h 46m	$31.8M	$65.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.157%Rate

Funding earned: −$10.58
Price spread: +0.157% → +0.072%: $8.54
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.05
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.33 bp	6.7 bp −$7	8.2 bp −$82	21.8 bp −$2,182	30.3 bp −$15.1K

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 −0.0214% / S +0.0456%	1h	152.88	+0.101%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.90	+0.118%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.96	+0.157%	$31.8M	$65.3M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.970%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	+0.151%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.14	+0.275%	$8K	$934K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.96	+0.157%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.94	+0.144%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	+0.093%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.85	+0.085%	$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
BloFin SPCX-USDT	+0.0034%	8h	152.91	+0.124%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.83	+0.072%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	+0.092%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.86	+0.092%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.87	+0.098%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.90	+0.118%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.72	long leg	$3.2M	$2.4M	10x
QFEX SPCX-USD	+0.0050%	1h	152.91	+0.124%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.93	+0.136%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.81	+0.059%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	+0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	+0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	+0.118%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.90	+0.119%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0114%	4h	152.86	+0.089%	$1.7M	$893K	20x	as long as short
Variational Omni SPCX	+0.0138%	8h	152.91	+0.123%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.88	+0.105%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.89	+0.109%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	152.93	+0.140%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.94	+0.144%	$39.7M	$166.1M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.94	+0.147%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.118%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0249%	1h	152.81	+0.061%	$616K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	+0.118%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0281%	1h	152.93	+0.138%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0288%	1h	152.87	+0.098%	$141.3M	$119.2M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0404%	1h	152.89	+0.111%	$84K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0428%	8h	153.04	+0.209%	$18.9M	$22.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.340%	$9K	$28K	5.5x	as long as short