Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.001%

Price spread now: Bybit against Ondo Perps+0.111%7-day average +0.056% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.111%, 7d avg +0.056%

Together, before fees−0.082%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.055% dearer against Ondo Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.94	0.0050	pay 0.0006% / 1h	16m 36s	$3.2M	$2.6M	10x
Short	Bybit SPCXUSDT	153.11	0.0091	get 0.0091% / 8h	6h 16m	$30.8M	$42.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.111%Rate

Funding earned: $8.6
Price spread: +0.111% → +0.056%: $5.53
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.87
Costs to cover: 0.160%
Break-even: 8.5 days

Slippage unknown: Ondo Perps: no order-book sample; Bybit: 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 Bybit live order book, 2 min ago	0.33 bp	6.7 bp −$7	8.8 bp −$88	33.7 bp −$3,373	doesn't fit

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 38 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 −0.0346% / S +0.0541%	1h	153.04	+0.069%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	+0.078%	$96.0M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.806%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	+0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.33	+0.255%	$8K	$944K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.13	+0.124%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.99	+0.030%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	+0.052%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.248%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	153.04	+0.065%	$1.6M	$7.2M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	153.02	+0.052%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	+0.072%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.05	+0.072%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	+0.065%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	+0.085%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	+0.105%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.94	long leg	$3.2M	$2.6M	10x
Paradex SPCX-USD-PERP	+0.0090%	8h	153.09	+0.101%	$101	—	5x	as long as short
Bybit SPCXUSDTshort	+0.0091%	8h	153.11	+0.111%	$30.8M	$42.9M	100x
Pacifica SPCX	+0.0100%	1h	152.98	+0.026%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	+0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.118%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.098%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	+0.093%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0115%	4h	153.07	+0.083%	$1.7M	$893K	20x	as long as short
Bitget SPCXUSDT	+0.0138%	8h	153.12	+0.118%	$31.9M	$66.1M	75x	as long as short
Bullet SPCX-USD	+0.0176%	1h	153.10	+0.105%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	153.04	+0.065%	$142.4M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0200%	8h	153.11	+0.111%	$39.4M	$168.8M	75x	as long as short
Variational Omni SPCX	+0.0208%	8h	153.07	+0.083%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0223%	8h	153.10	+0.105%	$252.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.05	+0.072%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0245%	1h	152.98	+0.027%	$622K	$838K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.02	+0.052%	$72K	$1.1M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	+0.020%	$738K	$973K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.09	+0.098%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.12	+0.115%	$408K	$539K	20x	as long as short
Aster SPCXUSD1	+0.0413%	8h	153.14	+0.133%	$19.0M	$15.0M	20x	as long as short