Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.005%

Price spread now: Extended against Binance−0.029%7-day average −0.096% · 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−$10as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.151%−$15 · spread now −0.029%, 7d avg −0.096%

Together, before fees−0.141%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.067% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.57	0.0062	pay 0.0062% / 8h	6h 20m	$252.0M	$1.38B	75x
Short	Extended SPCX-USD	152.52	0.0064	get 0.0008% / 1h	20m 45s	$726K	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0.48
Price spread: −0.029% → −0.096%: $6.71
Slippage, 4 orders: −$1.97
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.78
Costs to cover: 0.170%
Break-even: 150.6 days

Slippage from Binance: live order book, 16 min ago; Extended: 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	5.3 bp −$53	10.9 bp −$1,089	21.2 bp −$10.6K
Sell Extended live order book, 1 min ago	0.66 bp	3.2 bp −$3	5.8 bp −$58	doesn't fit	doesn't fit

SPCX on 38 exchanges

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	−0.048%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.59	+0.014%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.58	+0.008%	$30.2M	$43.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.55	−0.012%	$96.1M	$32.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.60	+0.021%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	+0.008%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.178%	$8K	$827K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.50	−0.045%	$50K	$1.5M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	+0.053%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0018%	1h	152.56	−0.004%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0031%	1h	152.56	−0.006%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.52	−0.032%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.49	−0.051%	$2.5M	$7.3M	20x	as long as short
Variational Omni SPCX	+0.0037%	8h	152.54	−0.016%	$5.9M	$2.7M	—	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	−0.058%	$102K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.54	−0.019%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.49	−0.051%	$128.8M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.59	+0.014%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.52	−0.032%	$1.7M	$102K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.54	−0.019%	$531K	$362K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.110%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0051%	8h	152.56	−0.006%	$101	—	5x	as long as short
Binance SPCXUSDTlong	+0.0062%	8h	152.57	long leg	$252.0M	$1.38B	75x
Extended SPCX-USDshort	+0.0064%	1h	152.52	−0.029%	$726K	$5.4M	10x
RISEx SPCX/USDC	+0.0068%	1h	152.60	+0.021%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0088%	8h	152.60	+0.021%	$39.4M	$168.4M	75x	as long as short
Bullet SPCX-USD	+0.0099%	1h	152.58	+0.005%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.46	−0.071%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.44	−0.084%	$13.0M	$6.0M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.62	+0.034%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.58	+0.008%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.54	−0.020%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0118%	1h	152.50	−0.048%	$634K	$805K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.48	−0.058%	$687K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0206%	4h	152.56	−0.006%	$1.7M	$889K	20x	as long as short
Phoenix SPCX	+0.0209%	1h	152.55	−0.012%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0384%	8h	152.70	+0.086%	$19.0M	$30.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.139%	$9K	$28K	5.5x	as long as short