Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0151%/8h= +16.6% APRpaid last 24h +0.029%

Price spread now: Deribit against Binance−0.020%7-day average −0.013% · 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−$27as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.020%, 7d avg −0.013%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	153.01	0.0187	pay 0.0187% / 8h	5h 32m	$252.6M	$1.37B	75x
Short	Deribit SPCX_USDC-PERPETUAL	152.98	0.0339	get 0.0042% / 1h	32m 26s	$73K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $31.75
Price spread: −0.020% → −0.013%: −$0.7
Slippage, 4 orders: −$9.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $5.03
Costs to cover: 0.260%
Break-even: 5.9 days

Slippage from Binance: live order book, 12 min ago; Deribit: live order book, 2 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 Binance live order book, 12 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	10.0 bp −$1,003	17.4 bp −$8,700
Sell Deribit live order book, 2 min ago	0.33 bp	10.9 bp −$11	14.8 bp −$148	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 −0.0333% / S +0.0531%	1h	152.97	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.020%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.04	+0.020%	$31.7M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.755%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.065%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.144%	$8K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.97	−0.026%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.95	−0.039%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.059%	$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
Bybit SPCXUSDT	+0.0036%	8h	153.02	+0.007%	$30.8M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.95	−0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.98	−0.020%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	0.000%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−0.007%	$534K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.098%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.04	+0.020%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0075%	8h	153.02	+0.008%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.059%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.065%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	+0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.05	+0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	−0.001%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0149%	1h	153.02	+0.007%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0173%	8h	153.00	−0.010%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	153.03	+0.013%	$39.5M	$167.7M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.98	−0.023%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDTlong	+0.0187%	8h	153.01	long leg	$252.6M	$1.37B	75x
tradeXYZ xyz:SPCX	+0.0188%	1h	152.98	−0.020%	$142.1M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.02	+0.007%	$408K	$549K	20x	as long as short
Nado SPCX-PERP	+0.0203%	1h	152.90	−0.073%	$622K	$831K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	0.000%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.00	−0.007%	$445K	$267K	15x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0339%	1h	152.98	−0.020%	$73K	$1.2M	10x
Aster SPCXUSD1	+0.0406%	8h	153.09	+0.050%	$19.0M	$17.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.176%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0524%	4h	152.99	−0.012%	$1.7M	$892K	20x	as long as short