Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0258%/8h= −28.2% APRpaid last 24h −0.009%

Price spread now: Extended against Aster−0.017%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$7as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days−0.172%−$17 · spread now −0.017%, 7d avg −0.100%

Together, before fees−0.178%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.083% dearer against Aster than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.100%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.007% in total) that is about 3 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	152.61	0.0370	pay 0.0370% / 8h	2h 19m	$18.9M	$24.7M	20x
Short	Extended SPCX-USD	152.59	0.0112	get 0.0014% / 1h	19m 57s	$731K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$54.09
Price spread: −0.017% → −0.100%: $8.29
Slippage, 4 orders: −$2.39
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$61.18
Costs to cover: 0.154%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Extended: live order book, 4 min ago.

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 Aster live order book, 4 min ago	0.33 bp	4.3 bp −$4	7.4 bp −$74	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit

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	152.50	−0.071%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0008%	8h	152.61	−0.003%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.64	+0.017%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.60	−0.009%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.64	+0.017%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.049%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.011%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.129%	$8K	$908K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.68	+0.043%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.46	−0.099%	$7K	$8K	10x	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	152.55	−0.042%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.53	−0.055%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.49	−0.081%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.57	−0.029%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.61	−0.003%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.50	−0.075%	$130.9M	$128.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.57	−0.029%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.59	−0.016%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	+0.017%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.094%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0058%	8h	152.63	+0.010%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.56	−0.035%	$87K	$1.3M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.51	−0.068%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.51	−0.068%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.58	−0.022%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	−0.009%	$15K	$7K	10x	as long as short
Variational Omni SPCX	+0.0102%	8h	152.59	−0.017%	$6.0M	$2.8M	—	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.61	−0.002%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0110%	1h	152.53	−0.056%	$612K	$803K	20x	as long as short
Extended SPCX-USDshort	+0.0112%	1h	152.59	−0.017%	$731K	$4.6M	10x
Binance SPCXUSDT	+0.0112%	8h	152.63	+0.010%	$250.8M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0119%	8h	152.66	+0.030%	$39.5M	$166.5M	75x	as long as short
Bullet SPCX-USD	+0.0142%	1h	152.62	+0.005%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.65	+0.024%	$408K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.114%	$739K	$923K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.50	−0.075%	$443K	$266K	15x	as long as short
edgeX SPCXUSDC	+0.0335%	4h	152.53	−0.057%	$1.7M	$892K	20x	as long as short
Aster SPCXUSD1long	+0.0370%	8h	152.61	long leg	$18.9M	$24.7M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.056%	$9K	$28K	5.5x	as long as short