Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.005%

Price spread now: OKX against Ondo Perps+0.105%7-day average +0.058% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.105%, 7d avg +0.058%

Together, before fees−0.173%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.046% dearer against Ondo Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.058%. Mind the row above: over the last 7 days funding on this pair cost −0.096%, 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	152.93	0.0050	pay 0.0006% / 1h	8m 36s	$3.2M	$2.5M	10x
Short	OKX SPCX-USDT-SWAP	153.09	0.0146	get 0.0146% / 8h	4h 08m	$39.5M	$166.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $20.03
Price spread: +0.105% → +0.058%: $4.63
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $9.66
Costs to cover: 0.150%
Break-even: 3.6 days

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.33 bp	5.3 bp −$5	6.6 bp −$66	12.0 bp −$1,203	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	+0.075%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.07	+0.092%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.05	+0.078%	$96.4M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.12	+0.124%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.815%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.00	+0.046%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.37	+0.288%	$7K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.137%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.03	+0.066%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0023%	8h	153.12	+0.124%	$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	153.02	+0.059%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.00	+0.046%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	+0.052%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	+0.105%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.00	+0.046%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	+0.072%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	+0.092%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.11	+0.118%	$533K	$392K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.93	long leg	$3.2M	$2.5M	10x
Paradex SPCX-USD-PERP	+0.0060%	8h	153.04	+0.074%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.05	+0.078%	$78K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	+0.033%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	+0.052%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	+0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.111%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.10	+0.111%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0109%	1h	152.98	+0.033%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0119%	1h	153.11	+0.118%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0129%	8h	153.07	+0.089%	$6.0M	$3.0M	—	as long as short
Nado SPCX-PERP	+0.0136%	1h	153.02	+0.061%	$617K	$818K	20x	as long as short
Binance SPCXUSDT	+0.0142%	8h	153.04	+0.072%	$248.2M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.00	+0.044%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAPshort	+0.0146%	8h	153.09	+0.105%	$39.5M	$166.7M	75x
RISEx SPCX/USDC	+0.0191%	1h	153.07	+0.090%	$410K	$525K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	+0.111%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.09	+0.105%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0405%	8h	153.17	+0.159%	$19.0M	$21.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.373%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0619%	4h	153.07	+0.090%	$1.7M	$891K	20x	as long as short