Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h −0.035%

Price spread now: edgeX against Deribit+0.027%7-day average 0.000% · 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−$26as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.391%+$39 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.027%, 7d avg 0.000%

Together, before fees+0.371%+ Points / potential airdropedgeX: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.027% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.94	0	get 0.0000% / 1h	1m 38s	$72K	$1.1M	10x
Short	edgeX SPCXUSDC	152.98	0.0136	get 0.0068% / 4h	2h 01m	$1.7M	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $28.51
Price spread: +0.027% → 0.000%: $2.7
Slippage, 4 orders: −$12.66
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $2.55
Costs to cover: 0.287%
Break-even: 6.4 days

Slippage from Deribit: live order book, 2 min ago; edgeX: live order book, 2 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, 2 min ago	0.33 bp	4.4 bp −$4	8.2 bp −$82	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	1.63 bp	6.1 bp −$6	7.1 bp −$71	20.7 bp −$2,071	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 −0.0333% / S +0.0531%	1h	152.99	+0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	+0.026%	$96.0M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.805%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	0.000%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.196%	$8K	$941K	10x	as long as short
Deribit SPCX_USDC-PERPETUALlong	0.0000%	1h	152.94	long leg	$72K	$1.1M	10x
HTX SPCX-USDT	0.0000%	8h	153.04	+0.065%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.93	−0.004%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.96	+0.013%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.007%	$2.5M	$7.3M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.35	+0.268%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.93	−0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.00	+0.039%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.98	+0.026%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	+0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.033%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	+0.033%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.065%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0061%	8h	153.01	+0.046%	$30.8M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	153.01	+0.045%	$101	—	5x	as long as short
Bitget SPCXUSDT	+0.0082%	8h	153.04	+0.065%	$31.7M	$66.2M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.90	−0.026%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.046%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	+0.037%	$89	—	10x	as long as short
edgeX SPCXUSDCshort	+0.0136%	4h	152.98	+0.027%	$1.7M	$893K	20x
Bullet SPCX-USD	+0.0168%	1h	153.01	+0.044%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0182%	1h	152.98	+0.026%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0189%	8h	153.02	+0.052%	$39.4M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0201%	8h	152.96	+0.012%	$6.0M	$3.1M	—	as long as short
Extended SPCX-USD	+0.0208%	1h	152.96	+0.015%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0210%	8h	153.00	+0.039%	$252.6M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0235%	1h	152.93	−0.008%	$622K	$835K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	+0.020%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.96	+0.013%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.03	+0.059%	$408K	$549K	20x	as long as short
Aster SPCXUSD1	+0.0410%	8h	153.10	+0.106%	$19.0M	$15.2M	20x	as long as short