Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.017%

Price spread now: SoDEX against Binance−0.020%7-day average −0.029% · 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−$46as in the Price arb table

costs, in and out, $10k−$460.465% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.020%, 7d avg −0.029%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$2 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	152.05	0.0102	pay 0.0102% / 8h	7h 32m	$253.3M	$1.37B	75x
Short	SoDEX SPCX-USD	152.02	0.0050	get 0.0006% / 1h	32m 07s	$1.7M	$99K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$10.93
Price spread: −0.020% → −0.029%: $0.92
Slippage, 4 orders: −$28.47
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$56.48
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; SoDEX: 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	10.1 bp −$1,007	23.2 bp −$11.6K
Sell SoDEX live order book, 2 min ago	0.33 bp	17.6 bp −$18	50.7 bp −$507	doesn't fit	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	151.97	−0.049%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0017%	8h	152.20	+0.099%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.05	0.000%	$30.4M	$43.1M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.01	−0.026%	$96.2M	$32.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.04	−0.007%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.10	+0.033%	$299K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.335%	$8K	$851K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.13	+0.053%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.06	+0.006%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	151.95	−0.066%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	151.94	−0.072%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.04	−0.007%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.00	−0.033%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.03	−0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	151.96	−0.059%	$129.6M	$129.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	151.88	−0.112%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.02	−0.020%	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.02	−0.020%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.02	−0.020%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.04	−0.005%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.23	+0.118%	$5.9M	$2.8M	—	as long as short
Nado SPCX-PERP	+0.0090%	1h	151.92	−0.082%	$634K	$813K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	151.96	−0.059%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	151.96	−0.059%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.34	+0.191%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.09	+0.026%	$14K	$7K	10x	as long as short
Bullet SPCX-USD	+0.0100%	1h	152.05	+0.002%	$10K	$192K	10x	as long as short
Binance SPCXUSDTlong	+0.0102%	8h	152.05	long leg	$253.3M	$1.37B	75x
Extended SPCX-USD	+0.0104%	1h	152.02	−0.019%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.05	−0.002%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0116%	8h	152.05	0.000%	$39.3M	$167.2M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.10	+0.036%	$380K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.17	+0.079%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.01	−0.026%	$694K	$997K	10x	as long as short
Aster SPCXUSD1	+0.0382%	8h	152.17	+0.079%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.303%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0540%	1h	152.03	−0.013%	$86K	$1.4M	10x	as long as short
edgeX SPCXUSDC	+0.0832%	4h	152.20	+0.099%	$1.7M	$890K	20x	as long as short