Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.007%

Price spread now: tradeXYZ against Aster−0.124%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.124%, 7d avg −0.098%

Together, before fees−0.088%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and tradeXYZ is 0.026% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.098%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	153.04	0.0429	pay 0.0429% / 8h	3h 45m	$18.9M	$22.3M	20x
Short	tradeXYZ xyz:SPCX	152.85	0.0283	get 0.0035% / 1h	45m 38s	$141.3M	$119.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$30.68
Price spread: −0.124% → −0.098%: −$2.63
Slippage, 4 orders: −$2.62
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$61.93
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; tradeXYZ: 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, 3 min ago	0.98 bp	5.0 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.33 bp	9.3 bp −$9	9.7 bp −$97	12.7 bp −$1,268	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 −0.0214% / S +0.0456%	1h	152.88	−0.101%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.90	−0.091%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.94	−0.065%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.734%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.059%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.14	+0.065%	$8K	$934K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	−0.065%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.90	−0.091%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	−0.116%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.82	−0.144%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0034%	8h	152.91	−0.085%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.83	−0.137%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.88	−0.105%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.88	−0.105%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.89	−0.098%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	−0.078%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.163%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.91	−0.085%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0097%	8h	152.89	−0.095%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.81	−0.150%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.83	−0.137%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	−0.176%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	−0.091%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.91	−0.085%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0114%	4h	152.86	−0.120%	$1.7M	$893K	20x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.91	−0.086%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0144%	1h	152.85	−0.124%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.86	−0.118%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	152.90	−0.090%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.91	−0.085%	$39.7M	$166.2M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.94	−0.069%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.091%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0249%	1h	152.81	−0.148%	$616K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	−0.091%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0278%	1h	152.93	−0.069%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0283%	1h	152.85	−0.124%	$141.3M	$119.2M	20x
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.88	−0.105%	$84K	$1.2M	10x	as long as short
Aster SPCXUSD1long	+0.0429%	8h	153.04	long leg	$18.9M	$22.3M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.131%	$9K	$28K	5.5x	as long as short