Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0331%/8h= −36.3% APRpaid last 24h −0.055%

Price spread now: SoDEX against Aster−0.125%45s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.472% of the position

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.257%−$26 · spread now −0.125%, 7d avg −0.038%

Together, before fees−0.274%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SoDEX is 0.087% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.018% in total (about -1.8% 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	152.37	0.0381	pay 0.0381% / 8h	7h 47m	$18.9M	$30.7M	20x
Short	SoDEX SPCX-USD	152.18	0.0050	get 0.0006% / 1h	47m 25s	$1.7M	$99K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$69.52
Price spread: −0.125% → −0.038%: −$8.68
Slippage, 4 orders: −$31.19
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$125.4
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; SoDEX: live order book, 1 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, 2 min ago	0.98 bp	5.0 bp −$5	6.7 bp −$67	325.7 bp −$32.6K	doesn't fit
Sell SoDEX live order book, 1 min ago	0.33 bp	18.0 bp −$18	48.7 bp −$487	doesn't fit	doesn't fit

SPCX on 38 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	152.18	−0.128%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0011%	8h	152.27	−0.066%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.25	−0.079%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.20	−0.112%	$96.1M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.26	−0.072%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.28	−0.059%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.52	+0.098%	$8K	$862K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.16	−0.138%	$87K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.34	−0.020%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.17	−0.133%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.18	−0.125%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.17	−0.131%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.23	−0.092%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.19	−0.118%	$102K	$299K	5x	as long as short
Bullet SPCX-USD	+0.0043%	1h	152.26	−0.072%	$11K	$191K	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.26	−0.072%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.14	−0.151%	$129.8M	$129.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.16	−0.138%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.18	−0.125%	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.20	−0.112%	$529K	$366K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.171%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0065%	8h	152.21	−0.103%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0080%	1h	152.16	−0.135%	$635K	$815K	20x	as long as short
Variational Omni SPCX	+0.0092%	8h	152.28	−0.059%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.16	−0.138%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.15	−0.144%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.34	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.26	−0.072%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.21	−0.102%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0110%	8h	152.29	−0.053%	$253.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.20	−0.111%	$725K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0122%	8h	152.28	−0.059%	$39.5M	$167.2M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.26	−0.072%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.26	−0.072%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.158%	$693K	$992K	10x	as long as short
edgeX SPCXUSDC	+0.0305%	4h	152.25	−0.081%	$1.7M	$891K	20x	as long as short
Aster SPCXUSD1long	+0.0381%	8h	152.37	long leg	$18.9M	$30.7M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.131%	$9K	$28K	5.5x	as long as short