Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: KuCoin against Ondo Perps+0.033%7-day average +0.011% · you sell dearer than you buy

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

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.033%, 7d avg +0.011%

Together, before fees−0.201%+ Points / potential airdropOndo Perps: Active · farm board−$20 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 KuCoin is 0.022% dearer against Ondo Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.127%, 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	152.96	0.0050	pay 0.0006% / 1h	10m 49s	$3.2M	$2.5M	10x
Short	KuCoin SPCXUSDTM	153.01	0.0100	get 0.0100% / 8h	4h 10m	$13.0M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.033%Rate

Funding earned: $10.42
Price spread: +0.033% → +0.011%: $2.16
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.42
Costs to cover: 0.170%
Break-even: 10.0 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	0.98 bp	14.8 bp −$15	40.2 bp −$402	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 −0.0253% / S +0.0486%	1h	153.04	+0.056%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	+0.098%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	+0.078%	$96.4M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.13	+0.111%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.795%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.02	+0.039%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.37	+0.268%	$7K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.105%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.04	+0.051%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0023%	8h	153.10	+0.092%	$1.9M	$1.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	153.05	+0.059%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	+0.039%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	+0.033%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	+0.065%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.06	+0.065%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	+0.052%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	+0.059%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	+0.085%	$533K	$392K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.96	long leg	$3.2M	$2.5M	10x
Paradex SPCX-USD-PERP	+0.0061%	8h	153.11	+0.096%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	+0.013%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	153.01	+0.033%	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	+0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.085%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	+0.078%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0110%	1h	153.05	+0.059%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0118%	1h	153.10	+0.090%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0129%	8h	153.07	+0.070%	$6.0M	$3.0M	—	as long as short
Nado SPCX-PERP	+0.0135%	1h	152.99	+0.021%	$617K	$818K	20x	as long as short
Binance SPCXUSDT	+0.0143%	8h	153.11	+0.098%	$248.3M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.06	+0.067%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.12	+0.105%	$39.5M	$166.7M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.104%	$410K	$530K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.03	+0.046%	$78K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	+0.092%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.09	+0.085%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0406%	8h	153.18	+0.143%	$19.0M	$21.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.353%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0733%	4h	153.08	+0.077%	$1.7M	$894K	20x	as long as short