Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.032%

Price spread now: tradeXYZ against BloFin−0.092%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)+0.315%+$31 · spread now −0.092%, 7d avg −0.064%

Together, before fees+0.495%+ Points / potential airdroptradeXYZ: Active · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.028% cheaper against BloFin than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.064%). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.31	−0.0015	get 0.0015% / 8h	7h 36m	$1.9M	$1.2M	75x
Short	tradeXYZ xyz:SPCX	152.17	0.0050	get 0.0006% / 1h	36m 32s	$129.8M	$129.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.092%Rate

Funding earned: $13.63
Price spread: −0.092% → −0.064%: −$2.84
Slippage, 4 orders: −$3.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.41
Costs to cover: 0.332%
Break-even: 18.5 days

Slippage from BloFin: live order book, 1 min ago; tradeXYZ: live order book, 13 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, 1 min ago	0.33 bp	6.3 bp −$6	6.4 bp −$64	9.5 bp −$948	15.3 bp −$7,632
Sell tradeXYZ live order book, 13 min ago	0.33 bp	10.0 bp −$10	10.0 bp −$100	14.4 bp −$1,436	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	152.21	−0.069%	$90K	—	20x	as long as short
BloFin SPCX-USDTlong	−0.0015%	8h	152.31	long leg	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.23	−0.053%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.21	−0.066%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.23	−0.053%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.26	−0.033%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.164%	$8K	$857K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.36	+0.033%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.25	−0.039%	$86K	$1.4M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.18	−0.087%	$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	152.17	−0.092%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.16	−0.098%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.21	−0.066%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.18	−0.085%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.24	−0.046%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0050%	1h	152.17	−0.092%	$129.8M	$129.3M	20x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.11	−0.131%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.25	−0.039%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	−0.053%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.131%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.23	−0.051%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0079%	1h	152.18	−0.088%	$635K	$813K	20x	as long as short
Bullet SPCX-USD	+0.0082%	1h	152.30	−0.004%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0087%	8h	152.24	−0.046%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.15	−0.105%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.098%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.15	−0.105%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.29	−0.013%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.21	−0.066%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.24	−0.043%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0105%	8h	152.22	−0.059%	$253.2M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.23	−0.053%	$39.4M	$167.3M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.31	−0.002%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.25	−0.039%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.118%	$693K	$992K	10x	as long as short
Aster SPCXUSD1	+0.0383%	8h	152.36	+0.034%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.131%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0713%	4h	152.24	−0.045%	$1.7M	$890K	20x	as long as short