Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0710%/8h= +77.8% APRpaid last 24h −0.041%

Price spread now: edgeX against Binance−0.070%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs+$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.651%+$65 on $10k

Price spread, last 7 days+0.045%+$5 · spread now −0.070%, 7d avg −0.039%

Together, before fees+0.696%+ Points / potential airdropedgeX: Active · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.030% cheaper against Binance than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.039%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.651% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.72	0.0106	pay 0.0106% / 8h	2h 13m	$250.6M	$1.36B	75x
Short	edgeX SPCXUSDC	152.61	0.0817	get 0.0408% / 4h	2h 13m	$1.7M	$894K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $149.2
Price spread: −0.070% → −0.039%: −$3.04
Slippage, 4 orders: −$4.38
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $122.78
Costs to cover: 0.234%
Break-even: 1.2 days

Slippage from Binance: live order book, 16 min ago; edgeX: 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 Binance live order book, 16 min ago	0.33 bp	5.3 bp −$5	5.7 bp −$57	9.8 bp −$979	22.0 bp −$11.0K
Sell edgeX live order book, 1 min ago	1.64 bp	6.1 bp −$6	7.3 bp −$73	20.2 bp −$2,024	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	152.62	−0.067%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0014%	8h	152.68	−0.024%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.70	−0.011%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.69	−0.017%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.74	+0.015%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.973%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	−0.024%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.100%	$8K	$899K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.66	−0.037%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.75	+0.022%	$1.3M	$1.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0019%	1h	152.54	−0.116%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.66	−0.037%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.64	−0.050%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.57	−0.096%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.65	−0.044%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.71	−0.004%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.62	−0.063%	$130.8M	$128.8M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.64	−0.050%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.68	−0.024%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.71	−0.004%	$531K	$386K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.162%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.73	+0.006%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0097%	8h	152.63	−0.057%	$6.0M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.62	−0.063%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.59	−0.083%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.55	−0.109%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.69	−0.017%	$15K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.68	−0.025%	$731K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.69	−0.018%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0106%	1h	152.62	−0.063%	$612K	$802K	20x	as long as short
Binance SPCXUSDTlong	+0.0106%	8h	152.72	long leg	$250.6M	$1.36B	75x
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.74	+0.015%	$39.5M	$166.5M	75x	as long as short
Bullet SPCX-USD	+0.0138%	1h	152.71	−0.004%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.72	+0.005%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	−0.011%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.65	−0.044%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0363%	8h	152.71	−0.004%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	−0.011%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDCshort	+0.0817%	4h	152.61	−0.070%	$1.7M	$894K	20x