Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0368%/8h= −40.3% APRpaid last 24h −0.068%

Price spread now: BloFin against Deribit+0.039%7-day average +0.011% · 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−$290.294% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.274%−$27 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now +0.039%, 7d avg +0.011%

Together, before fees−0.309%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.028% dearer against Deribit than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of +0.011%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.91	0.0470	pay 0.0059% / 1h	35m 12s	$71K	$1.1M	10x
Short	BloFin SPCX-USDT	152.97	0.0102	get 0.0102% / 8h	7h 35m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$77.27
Price spread: +0.039% → +0.011%: $2.83
Slippage, 4 orders: −$10.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$103.83
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; BloFin: 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, 4 min ago	4.58 bp	8.7 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.33 bp	6.3 bp −$6	7.9 bp −$79	10.5 bp −$1,052	16.6 bp −$8,279

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 −0.0309% / S +0.0514%	1h	152.91	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.91	0.000%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.822%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.83	−0.052%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.229%	$8K	$959K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.92	+0.005%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.86	−0.033%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.838%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	152.88	−0.020%	$1.6M	$7.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.91	0.000%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	0.000%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.93	+0.013%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.046%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.93	+0.013%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0064%	1h	152.90	−0.007%	$488K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.97	+0.040%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.86	−0.033%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.97	+0.039%	$15K	$7K	10x	as long as short
BloFin SPCX-USDTshort	+0.0102%	8h	152.97	+0.039%	$1.9M	$1.4M	75x
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.021%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0179%	8h	152.96	+0.033%	$30.8M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.90	−0.007%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	152.95	+0.026%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	+0.007%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0222%	8h	152.95	+0.026%	$253.0M	$1.38B	75x	as long as short
Nado SPCX-PERP	+0.0222%	1h	152.82	−0.057%	$603K	$853K	20x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.91	−0.001%	$732K	$3.7M	10x	as long as short
Bullet SPCX-USD	+0.0250%	1h	152.94	+0.020%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.90	−0.007%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.94	+0.020%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.96	+0.033%	$733K	$981K	10x	as long as short
Bitget SPCXUSDT	+0.0330%	8h	152.98	+0.046%	$31.2M	$66.4M	75x	as long as short
Aster SPCXUSD1	+0.0343%	8h	153.02	+0.073%	$19.0M	$18.6M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	152.98	+0.046%	$401K	$535K	20x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0470%	1h	152.91	long leg	$71K	$1.1M	10x
edgeX SPCXUSDC	+0.0623%	4h	152.94	+0.018%	$1.7M	$893K	20x	as long as short