Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h −0.029%

Price spread now: Aster against Deribit+0.103%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.102%−$10 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.103%, 7d avg +0.024%

Together, before fees−0.134%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aster is 0.079% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 5 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.102% in total (about -7.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.30	0.0144	pay 0.0018% / 1h	41m 12s	$89K	$1.4M	10x
Short	Aster SPCXUSD1	152.46	0.0406	get 0.0406% / 8h	41m 12s	$18.9M	$28.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.103%Rate

Funding earned: $55.08
Price spread: +0.103% → +0.024%: $7.88
Slippage, 4 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $35.96
Costs to cover: 0.270%
Break-even: 2.4 days

Slippage from Deribit: live order book, 3 min ago; Aster: 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 Deribit live order book, 3 min ago	4.60 bp	8.6 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.33 bp	4.8 bp −$5	8.9 bp −$89	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 −0.0234% / S +0.0471%	1h	152.28	−0.010%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.36	+0.039%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.39	+0.059%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.281%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.37	+0.046%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.60	+0.197%	$8K	$893K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.42	+0.079%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.38	+0.053%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.38	+0.053%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.24	−0.036%	$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	152.29	−0.007%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.31	+0.007%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.26	−0.026%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.28	−0.013%	$129.9M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.32	+0.013%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.32	+0.013%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.34	+0.026%	$530K	$373K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.19	−0.072%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.32	+0.013%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.26	−0.026%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.22	−0.053%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.32	+0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.35	+0.033%	$14K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0102%	8h	152.34	+0.026%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.35	+0.034%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0126%	8h	152.31	+0.003%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0141%	8h	152.36	+0.042%	$252.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.32	+0.016%	$724K	$3.8M	10x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0144%	1h	152.30	long leg	$89K	$1.4M	10x
Bullet SPCX-USD	+0.0154%	1h	152.37	+0.043%	$11K	$193K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.38	+0.053%	$39.7M	$166.8M	75x	as long as short
Nado SPCX-PERP	+0.0180%	1h	152.27	−0.019%	$627K	$803K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.026%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.35	+0.033%	$443K	$266K	15x	as long as short
Aster SPCXUSD1short	+0.0406%	8h	152.46	+0.103%	$18.9M	$28.8M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.164%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.39	+0.058%	$381K	$507K	20x	as long as short
edgeX SPCXUSDC	+0.0472%	4h	152.32	+0.014%	$1.7M	$890K	20x	as long as short