Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.019%

Price spread now: QFEX against Binance−0.026%7-day average −0.051% · 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−$21as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.026%, 7d avg −0.051%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.025% dearer against Binance than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.051%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 4 days (−0.016% in total) that is about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.27	0.0109	pay 0.0109% / 8h	7h 45m	$253.4M	$1.37B	75x
Short	QFEX SPCX-USD	152.23	0.0035	get 0.0004% / 1h	45m 31s	$1.2M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$15.39
Price spread: −0.026% → −0.051%: $2.48
Slippage, 4 orders: −$3.94
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$36.85
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; QFEX: live order book, 3 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, 13 min ago	0.33 bp	5.3 bp −$5	5.7 bp −$57	11.9 bp −$1,194	24.8 bp −$12.4K
Sell QFEX live order book, 3 min ago	1.64 bp	6.6 bp −$7	9.9 bp −$99	19.9 bp −$1,991	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	152.19	−0.056%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0010%	8h	152.27	0.000%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.27	0.000%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.23	−0.026%	$96.1M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.30	+0.020%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.28	+0.007%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.50	+0.151%	$8K	$861K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.33	+0.039%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.23	−0.026%	$87K	$1.4M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.17	−0.067%	$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	152.20	−0.046%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.19	−0.053%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USDshort	+0.0035%	1h	152.23	−0.026%	$1.2M	$5.4M	10x
Arcus SPCX-USD	+0.0040%	1h	152.21	−0.039%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.26	−0.007%	—	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0046%	1h	152.29	+0.015%	$11K	$191K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.20	−0.046%	$129.8M	$129.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.16	−0.072%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.23	−0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	−0.026%	$529K	$365K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.10	−0.112%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0065%	8h	152.24	−0.020%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0080%	1h	152.19	−0.050%	$635K	$815K	20x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.25	−0.013%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.16	−0.072%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.14	−0.085%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.29	+0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.30	+0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.22	−0.032%	$88	—	10x	as long as short
Binance SPCXUSDTlong	+0.0109%	8h	152.27	long leg	$253.4M	$1.37B	75x
Extended SPCX-USD	+0.0112%	1h	152.23	−0.027%	$725K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0121%	8h	152.31	+0.026%	$39.4M	$167.4M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.29	+0.016%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.26	−0.007%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.092%	$693K	$992K	10x	as long as short
edgeX SPCXUSDC	+0.0305%	4h	152.25	−0.015%	$1.7M	$891K	20x	as long as short
Aster SPCXUSD1	+0.0381%	8h	152.38	+0.072%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.197%	$9K	$28K	5.5x	as long as short