Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0208%/8h= −22.7% APRpaid last 24h −0.050%

Price spread now: HTX against Deribit+0.059%7-day average +0.007% · 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−$32as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.110%−$11 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.059%, 7d avg +0.007%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.052% dearer against Deribit than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.007%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 5 days (−0.110% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.99	0.0208	pay 0.0026% / 1h	5m 12s	$73K	$1.2M	10x
Short	HTX SPCX-USDT	153.08	0	get 0.0000% / 8h	5h 05m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$43.63
Price spread: +0.059% → +0.007%: $5.15
Slippage, 4 orders: −$18.34
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$75.81
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; HTX: live order book, 4 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	4.90 bp	8.9 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	2.29 bp	11.7 bp −$12	13.0 bp −$130	18.0 bp −$1,804	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 −0.0333% / S +0.0531%	1h	153.00	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	+0.013%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.06	+0.046%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.769%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.020%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.163%	$8K	$936K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	153.08	+0.059%	$1.3M	$1.7M	75x
Bybit SPCXUSDT	+0.0020%	8h	153.03	+0.026%	$30.8M	$42.9M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.99	+0.002%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.95	−0.026%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.96	−0.020%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.01	+0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.01	+0.013%	$1.2M	$6.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.98	−0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.00	+0.007%	$1.7M	$94K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.007%	$532K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.072%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0060%	8h	153.03	+0.026%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0064%	1h	153.00	+0.007%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0075%	8h	153.03	+0.029%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.046%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.033%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.95	−0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	+0.019%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0167%	8h	153.01	+0.010%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USD	+0.0170%	1h	153.03	+0.029%	$11K	$191K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0173%	8h	153.05	+0.039%	$39.5M	$167.1M	75x	as long as short
Binance SPCXUSDT	+0.0180%	8h	153.03	+0.026%	$252.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.99	+0.001%	$734K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0188%	1h	152.99	0.000%	$142.0M	$118.9M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.06	+0.042%	$410K	$532K	20x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0208%	1h	152.99	long leg	$73K	$1.2M	10x
Nado SPCX-PERP	+0.0221%	1h	152.94	−0.033%	$617K	$826K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.033%	$738K	$979K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.03	+0.026%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0415%	8h	153.12	+0.084%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.190%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0447%	4h	153.03	+0.023%	$1.7M	$892K	20x	as long as short