Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against Ondo Perps+0.085%7-day average +0.035% · you sell dearer than you buy

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

Long on Ondo Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.085%, 7d avg +0.035%

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.050% dearer against Ondo Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.15	0.0050	pay 0.0006% / 1h	7m 03s	$3.2M	$2.2M	10x
Short	SoDEX SPCX-USD	152.28	0.0050	get 0.0006% / 1h	7m 03s	$1.7M	$99K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$0.08
Price spread: +0.085% → +0.035%: $5.02
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$8.07
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SoDEX: 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 SoDEX live order book, 2 min ago	0.33 bp	17.9 bp −$18	53.4 bp −$534	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 −0.0187% / S +0.0435%	1h	152.22	+0.049%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.31	+0.105%	$30.5M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.30	+0.099%	$96.3M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.32	+0.112%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.389%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.34	+0.125%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.276%	$8K	$888K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.26	+0.072%	$89K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.151%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0001%	8h	152.31	+0.105%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0023%	1h	152.26	+0.071%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.27	+0.079%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.24	+0.059%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.23	+0.053%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	+0.118%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	+0.053%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.26	+0.072%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.28	+0.085%	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.29	+0.092%	$529K	$370K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.15	long leg	$3.2M	$2.2M	10x
QFEX SPCX-USD	+0.0070%	1h	152.27	+0.079%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	152.30	+0.096%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.21	+0.039%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.17	+0.013%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.33	+0.118%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	+0.125%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.30	+0.099%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0111%	8h	152.30	+0.096%	$5.9M	$2.8M	—	as long as short
Bullet SPCX-USD	+0.0119%	1h	152.32	+0.109%	$11K	$192K	10x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.27	+0.079%	$724K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0121%	8h	152.32	+0.112%	$253.2M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0136%	8h	152.33	+0.118%	$39.7M	$166.7M	75x	as long as short
Nado SPCX-PERP	+0.0153%	1h	152.24	+0.059%	$631K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.125%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.30	+0.099%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	152.42	+0.179%	$18.9M	$30.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.283%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.35	+0.135%	$381K	$505K	20x	as long as short
edgeX SPCXUSDC	+0.0590%	4h	152.29	+0.094%	$1.7M	$889K	20x	as long as short