Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.079%

Price spread now: Deribit against BloFin0.000%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.271%+$27 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now 0.000%, 7d avg −0.011%

Together, before fees+0.232%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.66	0.0096	pay 0.0096% / 8h	2h 07m	$1.9M	$1.4M	75x
Short	Deribit SPCX_USDC-PERPETUAL	152.66	0.0209	get 0.0026% / 1h	7m 00s	$71K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $23.73
Price spread: 0.000% → −0.011%: $1.13
Slippage, 4 orders: −$16.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.44
Costs to cover: 0.353%
Break-even: 10.1 days

Slippage from BloFin: live order book, 11 min ago; Deribit: 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 BloFin live order book, 11 min ago	0.33 bp	6.3 bp −$6	8.1 bp −$81	10.8 bp −$1,084	13.8 bp −$6,911
Sell Deribit live order book, 2 min ago	5.89 bp	10.0 bp −$10	13.6 bp −$136	doesn't fit	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 −0.0271% / S +0.0488%	1h	152.63	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.66	0.000%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+12.997%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.033%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.92	+0.170%	$8K	$990K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.60	−0.039%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.59	−0.046%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.007%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	+0.013%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.63	−0.020%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	−0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	−0.013%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.52	−0.092%	$3.2M	$2.6M	10x	as long as short
Lighter SPCX	+0.0056%	1h	152.60	−0.039%	$1.6M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.63	−0.020%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDTlong	+0.0096%	8h	152.66	long leg	$1.9M	$1.4M	75x
Paradex SPCX-USD-PERP	+0.0096%	8h	152.66	+0.002%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.57	−0.059%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.53	−0.085%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.72	+0.039%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.69	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.68	+0.012%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0155%	8h	152.68	+0.013%	$30.7M	$42.3M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.62	−0.026%	$129.9M	$107.3M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0185%	8h	152.68	+0.013%	$39.0M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0189%	8h	152.69	+0.020%	$6.1M	$4.3M	—	as long as short
Bullet SPCX-USD	+0.0201%	1h	152.65	−0.003%	$12K	$190K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0209%	1h	152.66	0.000%	$71K	$1.1M	10x
Binance SPCXUSDT	+0.0216%	8h	152.65	−0.006%	$256.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.63	−0.018%	$715K	$3.6M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	+0.033%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0245%	8h	152.71	+0.033%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.71	+0.033%	$371K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.61	−0.033%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0302%	1h	152.55	−0.069%	$625K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0343%	8h	152.65	−0.007%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.72	+0.039%	$393K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0551%	4h	152.68	+0.016%	$1.7M	$892K	20x	as long as short