Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.016%

Price spread now: Bybit against Aevo+0.003%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPCX-PERP	152.94	0.0104	pay 0.0013% / 1h	54m 54s	$89	—	10x
Short	Bybit SPCXUSDT	152.95	0	get 0.0000% / 8h	3h 54m	$30.7M	$42.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$21.84
Price spread: +0.003% → 0.000%: $0.34
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.5
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.33 bp	6.7 bp −$7	9.2 bp −$92	42.0 bp −$4,196	doesn't fit

Aevo: 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 −0.0214% / S +0.0456%	1h	152.91	−0.026%	$90K	—	20x	as long as short
Bybit SPCXUSDTshort	0.0000%	8h	152.95	+0.003%	$30.7M	$42.6M	100x
Gate SPCX_USDT	0.0000%	8h	152.91	−0.023%	$96.2M	$31.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.97	+0.016%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.806%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	+0.016%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.16	+0.141%	$7K	$936K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	+0.016%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.93	−0.008%	$7K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0031%	8h	152.97	+0.016%	$1.9M	$1.3M	75x	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	152.85	−0.062%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.91	−0.023%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.88	−0.042%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	−0.023%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	−0.016%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.069%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.94	−0.003%	$1.2M	$5.9M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	152.96	+0.011%	$101	—	5x	as long as short
Polymarket Perps SPCX-USD	+0.0089%	1h	152.91	−0.023%	$499K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.90	−0.029%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.87	−0.049%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.00	+0.036%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.96	+0.010%	$15K	$7K	10x	as long as short
Aevo SPCX-PERPlong	+0.0104%	1h	152.94	long leg	$89	—	10x
Variational Omni SPCX	+0.0136%	8h	152.96	+0.009%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0151%	8h	152.94	−0.003%	$247.9M	$1.36B	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.88	−0.042%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.89	−0.034%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.95	+0.003%	$39.6M	$166.5M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	153.00	+0.036%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.029%	$741K	$939K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.95	+0.003%	$445K	$264K	15x	as long as short
Nado SPCX-PERP	+0.0275%	1h	152.82	−0.081%	$616K	$814K	20x	as long as short
Bullet SPCX-USD	+0.0302%	1h	152.93	−0.011%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0305%	1h	152.89	−0.036%	$141.3M	$119.3M	20x	as long as short
Aster SPCXUSD1	+0.0419%	8h	153.05	+0.068%	$19.0M	$21.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.245%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.89	−0.036%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0699%	4h	152.97	+0.017%	$1.7M	$891K	20x	as long as short