SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0198%/8h= +21.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.041%

Price spread now: Coinbase International against Ondo Perps+0.118%7-day average +0.052% · you sell dearer than you buy

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

Long on Ondo Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.118%, 7d avg +0.052%

Together, before fees+0.091%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.067% dearer against Ondo Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.26	0.0050	pay 0.0006% / 1h	6m 07s	$3.2M	$2.3M	10x
Short	Coinbase International SPCX-PERP-INTX	152.44	0.0248	get 0.0031% / 1h	6m 07s	$739K	$931K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Ondo Perps. 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 Ondo PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.118%Rate

Funding earned: $41.5
Price spread: +0.118% → +0.052%: $6.65
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $33.15
Costs to cover: 0.150%
Break-even: 1.4 days

Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 47 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 Coinbase International live order book, 47 min ago	2.94 bp	7.9 bp −$8	8.5 bp −$85	doesn't fit	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 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 −0.0265% / S +0.0494%	1h	152.37	+0.069%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.46	+0.131%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.51	+0.164%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.310%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.47	+0.138%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.243%	$8K	$917K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.52	+0.171%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0006%	8h	152.49	+0.151%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0015%	8h	152.44	+0.118%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.42	+0.103%	$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	152.38	+0.079%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	+0.066%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.46	+0.131%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	+0.105%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.45	+0.125%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.49	+0.151%	$531K	$389K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.26	long leg	$3.2M	$2.3M	10x
QFEX SPCX-USD	+0.0050%	1h	152.45	+0.125%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.47	+0.140%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0059%	4h	152.42	+0.104%	$1.7M	$892K	20x	as long as short
Lighter SPCX	+0.0064%	1h	152.41	+0.099%	$1.6M	$7.5M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0069%	1h	152.36	+0.066%	$131.0M	$128.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.36	+0.066%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.33	+0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	+0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.46	+0.131%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.46	+0.129%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0130%	8h	152.46	+0.129%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0135%	8h	152.49	+0.151%	$250.4M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.45	+0.125%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0140%	8h	152.51	+0.164%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.43	+0.112%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0189%	1h	152.37	+0.072%	$613K	$802K	20x	as long as short
Bullet SPCX-USD	+0.0194%	1h	152.48	+0.146%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.47	+0.141%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0248%	1h	152.44	+0.118%	$739K	$931K	10x
Phoenix SPCX	+0.0261%	1h	152.42	+0.105%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.56	+0.197%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.611%	$9K	$28K	5.5x	as long as short