Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.037%

Price spread now: Binance against Deribit+0.024%7-day average +0.013% · 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−$27as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.024%, 7d avg +0.013%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.59	0.0012	pay 0.0002% / 1h	15m 06s	$88K	$1.3M	10x
Short	Binance SPCXUSDT	152.63	0.0108	get 0.0108% / 8h	2h 15m	$250.4M	$1.36B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: $20.2
Price spread: +0.024% → +0.013%: $1.03
Slippage, 4 orders: −$11.18
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.96
Costs to cover: 0.282%
Break-even: 9.4 days

Slippage from Deribit: live order book, 4 min ago; Binance: live order book, 14 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, 4 min ago	0.33 bp	12.6 bp −$13	15.0 bp −$150	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.33 bp	5.8 bp −$6	6.8 bp −$68	13.4 bp −$1,338	24.5 bp −$12.3K

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	152.53	−0.036%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0012%	8h	152.63	+0.026%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.63	+0.026%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.61	+0.013%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.66	+0.046%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.067%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.74	+0.098%	$301K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.183%	$8K	$901K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.69	+0.066%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0012%	1h	152.59	long leg	$88K	$1.3M	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0019%	1h	152.56	−0.020%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.55	−0.026%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.56	−0.020%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.60	+0.007%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.64	+0.033%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.53	−0.039%	$130.8M	$128.8M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.58	−0.007%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.59	0.000%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	+0.020%	$531K	$386K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.079%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0058%	8h	152.66	+0.043%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0076%	4h	152.65	+0.041%	$1.7M	$893K	20x	as long as short
Variational Omni SPCX	+0.0097%	8h	152.63	+0.026%	$6.0M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.55	−0.026%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.046%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	+0.013%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.64	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.62	+0.019%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0108%	1h	152.57	−0.013%	$612K	$802K	20x	as long as short
Binance SPCXUSDTshort	+0.0108%	8h	152.63	+0.024%	$250.4M	$1.36B	75x
Extended SPCX-USD	+0.0112%	1h	152.58	−0.007%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.65	+0.039%	$39.5M	$166.3M	75x	as long as short
Bullet SPCX-USD	+0.0140%	1h	152.63	+0.029%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.68	+0.059%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.62	+0.020%	$732K	$932K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.65	+0.039%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0365%	8h	152.65	+0.040%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.072%	$9K	$28K	5.5x	as long as short