Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: HTX against Bybit+0.072%7-day average +0.011% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.072%, 7d avg +0.011%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.062% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	152.02	0	get 0.0000% / 8h	7h 27m	$30.4M	$43.2M	100x
Short	HTX SPCX-USDT	152.13	0	get 0.0000% / 8h	7h 27m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.011%: $6.18
Slippage, 4 orders: −$9.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.75
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; HTX: live order book, 1 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, 1 min ago	0.33 bp	6.5 bp −$7	9.6 bp −$96	35.4 bp −$3,539	doesn't fit
Sell HTX live order book, 1 min ago	1.64 bp	11.2 bp −$11	12.7 bp −$127	17.9 bp −$1,788	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	151.91	−0.076%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.05	+0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDTlong	0.0000%	8h	152.02	long leg	$30.4M	$43.2M	100x
Gate SPCX_USDT	0.0000%	8h	151.98	−0.026%	$96.1M	$32.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.02	0.000%	$30.9M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.07	+0.033%	$299K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.355%	$8K	$850K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.13	+0.072%	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0021%	1h	151.98	−0.028%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	151.93	−0.059%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	151.91	−0.072%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	151.98	−0.026%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	151.93	−0.059%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.00	−0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	151.89	−0.086%	$129.3M	$129.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	151.86	−0.105%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	151.96	−0.039%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	151.94	−0.053%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	151.89	−0.086%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.02	+0.003%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.06	+0.026%	$5.9M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0096%	1h	151.96	−0.041%	$725K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0099%	8h	151.96	−0.037%	$254.0M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	151.91	−0.072%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	151.92	−0.066%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	151.97	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.06	+0.026%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.00	−0.015%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0109%	1h	151.91	−0.073%	$634K	$812K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.02	0.000%	$39.1M	$167.6M	75x	as long as short
Bullet SPCX-USD	+0.0128%	1h	152.01	−0.007%	$10K	$192K	10x	as long as short
edgeX SPCXUSDC	+0.0156%	4h	152.05	+0.019%	$1.7M	$891K	20x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.03	+0.007%	$380K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.17	+0.099%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.01	−0.007%	$694K	$997K	10x	as long as short
Aster SPCXUSD1	+0.0381%	8h	152.09	+0.045%	$18.9M	$30.7M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0408%	1h	151.98	−0.026%	$85K	$1.4M	10x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.322%	$9K	$28K	5.5x	as long as short