Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.039%

Price spread now: Extended against BloFin−0.029%94s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.183% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.029%, 7d avg −0.032%

Together, before fees+0.304%+ Points / potential airdropExtended: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.40	0.0023	pay 0.0023% / 8h	1h 05m	$1.9M	$1.2M	75x
Short	Extended SPCX-USD	152.36	0.0144	get 0.0018% / 1h	5m 38s	$724K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.029%Rate

Funding earned: $25.31
Price spread: −0.029% → −0.032%: $0.38
Slippage, 4 orders: −$1.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $7.38
Costs to cover: 0.183%
Break-even: 5.0 days

Slippage from BloFin: live order book, 2 min ago; Extended: 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 BloFin live order book, 2 min ago	0.33 bp	6.3 bp −$6	6.7 bp −$67	8.3 bp −$834	15.4 bp −$7,677
Sell Extended live order book, 3 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	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 −0.0187% / S +0.0435%	1h	152.31	−0.062%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.37	−0.020%	$96.1M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.42	+0.013%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.209%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.013%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.61	+0.138%	$8K	$895K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.46	+0.039%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.38	−0.013%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDTlong	+0.0023%	8h	152.40	long leg	$1.9M	$1.2M	75x
Aftermath Perps SPCXUSD	+0.0028%	1h	152.29	−0.071%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.30	−0.066%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.38	−0.013%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.31	−0.059%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.30	−0.066%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.36	−0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.40	0.000%	$530K	$377K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.22	−0.118%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.41	+0.010%	$392K	$507K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	−0.072%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.24	−0.105%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.40	0.000%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.40	0.000%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	−0.006%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0122%	1h	152.31	−0.059%	$130.1M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.38	−0.014%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0135%	8h	152.40	+0.002%	$101	—	5x	as long as short
Extended SPCX-USDshort	+0.0144%	1h	152.36	−0.029%	$724K	$3.6M	10x
Polymarket Perps SPCX-USD	+0.0144%	1h	152.35	−0.033%	$487K	$1.2M	10x	as long as short
Binance SPCXUSDT	+0.0145%	8h	152.39	−0.007%	$252.0M	$1.36B	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.32	−0.052%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.41	+0.007%	$39.5M	$166.6M	75x	as long as short
edgeX SPCXUSDC	+0.0185%	4h	152.37	−0.019%	$1.7M	$891K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	−0.079%	$732K	$923K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.36	−0.026%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.24	−0.103%	$626K	$805K	20x	as long as short
Bullet SPCX-USD	+0.0304%	1h	152.40	0.000%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0407%	1h	152.33	−0.046%	$90K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.49	+0.057%	$18.9M	$29.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.243%	$9K	$28K	5.5x	as long as short