Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.003%

Price spread now: tradeXYZ against Binance−0.043%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 2 days (all we have)−0.040%−$4 · spread now −0.043%, 7d avg −0.061%

Together, before fees−0.116%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$1 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	153.11	0.0222	pay 0.0222% / 8h	6h 17m	$252.9M	$1.37B	75x
Short	tradeXYZ xyz:SPCX	153.04	0.0183	get 0.0023% / 1h	17m 35s	$142.4M	$119.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$8.24
Price spread: −0.043% → −0.061%: $1.75
Slippage, 4 orders: −$1.73
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$36.22
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; tradeXYZ: live order book, 12 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, 11 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	8.5 bp −$851	14.9 bp −$7,461
Sell tradeXYZ live order book, 12 min ago	0.33 bp	9.8 bp −$10	10.2 bp −$102	12.6 bp −$1,262	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 −0.0346% / S +0.0541%	1h	153.04	−0.040%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	−0.017%	$96.1M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.683%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.98	−0.082%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.32	+0.140%	$8K	$946K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.15	+0.029%	$1.3M	$1.7M	75x	as long as short
edgeX SPCXUSDC	+0.0020%	4h	153.07	−0.025%	$1.7M	$893K	20x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.98	−0.080%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.01	−0.063%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.140%	$9K	$27K	5.5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0040%	1h	153.04	−0.043%	$1.6M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.056%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	−0.037%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.05	−0.037%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	−0.043%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.024%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	−0.004%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.108%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0089%	8h	153.09	−0.010%	$30.8M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	153.09	−0.009%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	−0.076%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.069%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.009%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.11	+0.003%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.10	−0.006%	$89	—	10x	as long as short
Bitget SPCXUSDT	+0.0140%	8h	153.14	+0.022%	$31.9M	$66.1M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.02	−0.056%	$72K	$1.1M	10x	as long as short
Bullet SPCX-USD	+0.0174%	1h	153.11	+0.003%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0183%	1h	153.04	−0.043%	$142.4M	$119.1M	20x
OKX SPCX-USDT-SWAP	+0.0198%	8h	153.12	+0.009%	$39.4M	$168.8M	75x	as long as short
Variational Omni SPCX	+0.0208%	8h	153.07	−0.026%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDTlong	+0.0222%	8h	153.11	long leg	$252.9M	$1.37B	75x
Extended SPCX-USD	+0.0224%	1h	153.06	−0.031%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0245%	1h	152.98	−0.085%	$622K	$838K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	−0.089%	$738K	$973K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.08	−0.017%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.11	+0.003%	$408K	$539K	20x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.14	+0.023%	$19.0M	$15.0M	20x	as long as short