Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0925%/8h= +101.3% APRpaid last 24h +0.001%

Price spread now: edgeX against Bybit−0.009%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs+$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.725%+$72 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.009%, 7d avg −0.023%

Together, before fees+0.748%+ Points / potential airdropedgeX: Active · farm board+$75 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	152.99	0.0069	pay 0.0069% / 8h	6h 04m	$30.8M	$42.9M	100x
Short	edgeX SPCXUSDC	152.98	0.0994	get 0.0497% / 4h	2h 04m	$1.7M	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $194.34
Price spread: −0.009% → −0.023%: $1.44
Slippage, 4 orders: −$6.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $169.71
Costs to cover: 0.261%
Break-even: 0.9 days

Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 4 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 Bybit live order book, 4 min ago	0.33 bp	7.0 bp −$7	10.1 bp −$101	45.9 bp −$4,586	doesn't fit
Sell edgeX live order book, 4 min ago	1.63 bp	6.1 bp −$6	7.3 bp −$73	21.5 bp −$2,153	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 −0.0333% / S +0.0531%	1h	152.96	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.96	−0.020%	$96.0M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.769%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.059%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.21	+0.144%	$8K	$943K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.028%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.93	−0.039%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.91	−0.052%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.35	+0.235%	$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
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.94	−0.033%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.93	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	−0.007%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	−0.013%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.098%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDTlong	+0.0069%	8h	152.99	long leg	$30.8M	$42.9M	100x
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.92	−0.046%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0083%	8h	152.97	−0.016%	$101	—	5x	as long as short
Bitget SPCXUSDT	+0.0096%	8h	153.02	+0.020%	$31.7M	$66.2M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.89	−0.065%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.059%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.039%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.97	−0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	−0.020%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0172%	1h	152.99	0.000%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0184%	1h	152.97	−0.013%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0192%	8h	153.00	+0.007%	$39.4M	$168.4M	75x	as long as short
Variational Omni SPCX	+0.0201%	8h	152.96	−0.021%	$6.0M	$3.1M	—	as long as short
Binance SPCXUSDT	+0.0214%	8h	152.99	0.000%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.96	−0.018%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0238%	1h	152.87	−0.078%	$622K	$835K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	−0.013%	$738K	$973K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.97	−0.013%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.00	+0.009%	$408K	$549K	20x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.05	+0.041%	$19.0M	$15.2M	20x	as long as short
edgeX SPCXUSDCshort	+0.0994%	4h	152.98	−0.009%	$1.7M	$893K	20x