Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.018%

Price spread now: Orderly against Aftermath Perps+0.084%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.084% dearer against Aftermath Perps than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps SPCXUSD	153.00	0.0027	pay 0.0003% / 1h	8m 32s	$8K	$8K	10x
Short	Orderly PERP_SPCX_USDC_mythos	153.13	0.0100	get 0.0100% / 8h	7h 08m	$15K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aftermath 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 Aftermath PerpsbpFee OrderlybpOrdersPrice spread, now +0.084%Rate

Funding earned: $15.43
Price spread: +0.084% → 0.000%: $8.43
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.86
Costs to cover: 0.150%
Break-even: 3.0 days

Slippage unknown: Aftermath Perps: no order-book sample; Orderly: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aftermath Perps and Orderly: 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 −0.0326% / S +0.0526%	1h	153.09	+0.055%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.12	+0.078%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.756%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.03	+0.019%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.222%	$8K	$954K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.08	+0.052%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.15	+0.097%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSDlong	+0.0027%	1h	153.00	long leg	$8K	$8K	10x
Lighter RH SPCX	+0.0032%	1h	153.07	+0.045%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.777%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0040%	1h	153.07	+0.045%	$1.6M	$7.4M	20x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.18	+0.117%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.10	+0.065%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.09	+0.058%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.14	+0.091%	$534K	$407K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.020%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.08	+0.052%	$1.2M	$7.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0094%	8h	153.15	+0.097%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.04	+0.025%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.04	+0.025%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	+0.006%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythosshort	+0.0100%	8h	153.13	+0.084%	$15K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	153.12	+0.077%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0124%	8h	153.13	+0.084%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	153.17	+0.110%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.04	+0.025%	$105K	$297K	5x	as long as short
tradeXYZ xyz:SPCX	+0.0214%	1h	153.09	+0.058%	$143.1M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0216%	8h	153.16	+0.104%	$39.3M	$169.1M	75x	as long as short
Bullet SPCX-USD	+0.0225%	1h	153.13	+0.084%	$12K	$189K	10x	as long as short
Variational Omni SPCX	+0.0229%	8h	153.08	+0.051%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0240%	1h	153.08	+0.055%	$621K	$852K	20x	as long as short
Binance SPCXUSDT	+0.0244%	8h	153.14	+0.090%	$252.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0248%	1h	153.10	+0.065%	$734K	$3.9M	10x	as long as short
Bitget SPCXUSDT	+0.0294%	8h	153.17	+0.110%	$31.7M	$66.7M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.11	+0.071%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	+0.006%	$731K	$977K	10x	as long as short
edgeX SPCXUSDC	+0.0344%	4h	153.08	+0.051%	$1.7M	$892K	20x	as long as short
Aster SPCXUSD1	+0.0388%	8h	153.13	+0.085%	$19.0M	$18.6M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.17	+0.110%	$401K	$536K	20x	as long as short