Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.014%

Price spread now: Pacifica against Bybit−0.059%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.059%, 7d avg −0.048%

Together, before fees+0.032%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, 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	Bybit SPCXUSDT	152.69	0	get 0.0000% / 8h	1h 58m	$30.7M	$42.7M	100x
Short	Pacifica SPCX	152.60	0.0100	get 0.0013% / 1h	58m 24s	$169K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.059%Rate

Funding earned: $21
Price spread: −0.059% → −0.048%: −$1.07
Slippage, 4 orders: −$8.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$8.02
Costs to cover: 0.279%
Break-even: 9.7 days

Slippage from Bybit: live order book, 5 min ago; Pacifica: live order book, 49 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, 5 min ago	0.65 bp	8.2 bp −$8	11.5 bp −$115	40.9 bp −$4,094	doesn't fit
Sell Pacifica live order book, 49 min ago	0.33 bp	6.8 bp −$7	doesn't fit	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	152.63	−0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0028%	8h	152.69	0.000%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDTlong	0.0000%	8h	152.69	long leg	$30.7M	$42.7M	100x
Gate SPCX_USDT	0.0000%	8h	152.68	−0.007%	$96.3M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.70	+0.007%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.996%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.73	+0.026%	$301K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.98	+0.190%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.77	+0.052%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0018%	1h	152.60	−0.057%	$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 SPCX	+0.0032%	1h	152.62	−0.046%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	−0.072%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.64	−0.033%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.62	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.65	−0.026%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.58	−0.072%	$130.1M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.63	−0.039%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.67	−0.013%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.69	0.000%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	−0.059%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.70	+0.006%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.70	+0.009%	$409K	$505K	20x	as long as short
Variational Omni SPCX	+0.0075%	8h	152.72	+0.018%	$6.0M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0088%	1h	152.65	−0.028%	$732K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0092%	8h	152.69	−0.001%	$249.9M	$1.36B	75x	as long as short
Pacifica SPCXshort	+0.0100%	1h	152.60	−0.059%	$169K	$118K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.59	−0.065%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.76	+0.046%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.68	−0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	−0.023%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0108%	8h	152.73	+0.026%	$39.6M	$166.9M	75x	as long as short
Nado SPCX-PERP	+0.0139%	1h	152.55	−0.089%	$612K	$800K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.70	+0.007%	$731K	$921K	10x	as long as short
Bullet SPCX-USD	+0.0200%	1h	152.70	+0.007%	$11K	$192K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.70	+0.007%	$444K	$266K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0340%	1h	152.65	−0.026%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0348%	8h	152.75	+0.040%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.99	+0.196%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0740%	4h	152.70	+0.004%	$1.7M	$893K	20x	as long as short