Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against SoDEX−0.092%7-day average −0.035% · you buy dearer than you sell

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

Long on SoDEX Short on Ondo Perps

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)+0.089%+$9 · spread now −0.092%, 7d avg −0.035%

Together, before fees+0.104%+ Points / potential airdropOndo Perps: Active · farm board+$10 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: Ondo Perps is 0.057% cheaper against SoDEX than usual: you would sell low and buy high, −$6 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	SoDEX SPCX-USD	152.52	0.0050	pay 0.0006% / 1h	45m 56s	$1.7M	$99K	20x
Short	Ondo Perps SPCX-USD.P	152.38	0.0050	get 0.0006% / 1h	45m 56s	$3.2M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SoDEX. 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 SoDEXbpFee Ondo PerpsbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0.08
Price spread: −0.092% → −0.035%: −$5.69
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$18.61
Costs to cover: 0.130%
Break-even: 1557.8 days

Slippage unknown: SoDEX: live order book, 3 min ago; Ondo Perps: no order-book sample. 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 SoDEX live order book, 3 min ago	0.33 bp	18.0 bp −$18	48.8 bp −$488	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 −0.0224% / S +0.0463%	1h	152.44	−0.049%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.56	+0.026%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.53	+0.007%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.58	+0.039%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.119%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.59	+0.046%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.170%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.59	+0.046%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0009%	8h	152.56	+0.026%	$1.9M	$1.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.51	−0.007%	$87K	$1.2M	10x	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	+0.0024%	1h	152.46	−0.039%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.50	−0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.46	−0.039%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	−0.026%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.53	+0.007%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.56	+0.026%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.44	−0.052%	$130.9M	$128.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.52	0.000%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USDlong	+0.0050%	1h	152.52	long leg	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.56	+0.026%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.38	−0.092%	$3.2M	$2.3M	10x
Paradex SPCX-USD-PERP	+0.0062%	8h	152.57	+0.030%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.46	−0.039%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.40	−0.079%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.60	+0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.54	+0.013%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.54	+0.014%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0119%	1h	152.51	−0.009%	$614K	$804K	20x	as long as short
Variational Omni SPCX	+0.0119%	8h	152.53	+0.005%	$6.0M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0128%	1h	152.50	−0.012%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0128%	8h	152.56	+0.025%	$250.3M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0138%	8h	152.57	+0.033%	$39.4M	$166.5M	75x	as long as short
Bullet SPCX-USD	+0.0176%	1h	152.56	+0.023%	$12K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.60	+0.056%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.052%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.55	+0.020%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	152.60	+0.051%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.098%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0988%	4h	152.54	+0.014%	$1.7M	$893K	20x	as long as short