Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.029%

Price spread now: OKX against Deribit+0.026%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−$25as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Deribit Short on OKX

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)−0.079%−$8 · spread now +0.026%, 7d avg +0.007%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair cost −0.110%, 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	152.20	0.0079	pay 0.0010% / 1h	35m 42s	$86K	$1.4M	10x
Short	OKX SPCX-USDT-SWAP	152.24	0.0117	get 0.0117% / 8h	7h 35m	$39.4M	$167.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $8.15
Price spread: +0.026% → +0.007%: $1.97
Slippage, 4 orders: −$9.76
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$16.63
Costs to cover: 0.268%
Break-even: 21.3 days

Slippage from Deribit: live order book, 3 min ago; OKX: 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	0.33 bp	11.6 bp −$12	16.1 bp −$161	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.33 bp	5.3 bp −$5	6.8 bp −$68	12.7 bp −$1,267	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 −0.0187% / S +0.0435%	1h	152.15	−0.036%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0015%	8h	152.31	+0.072%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.22	+0.013%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.20	0.000%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.22	+0.013%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.26	+0.039%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.237%	$8K	$856K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.29	+0.059%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.18	−0.015%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.13	−0.046%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.15	−0.033%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.16	−0.026%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.18	−0.013%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.24	+0.026%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.14	−0.039%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.11	−0.059%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.21	+0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	+0.020%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.059%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.22	+0.012%	$100	—	5x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0079%	1h	152.20	long leg	$86K	$1.4M	10x
Nado SPCX-PERP	+0.0079%	1h	152.18	−0.016%	$635K	$813K	20x	as long as short
Bullet SPCX-USD	+0.0080%	1h	152.22	+0.015%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.23	+0.020%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.12	−0.053%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.15	−0.033%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.15	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.25	+0.033%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.19	−0.004%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.22	+0.010%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0105%	8h	152.24	+0.025%	$253.2M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAPshort	+0.0117%	8h	152.24	+0.026%	$39.4M	$167.3M	75x
RISEx SPCX/USDC	+0.0190%	1h	152.25	+0.033%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.25	+0.033%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.046%	$693K	$992K	10x	as long as short
Aster SPCXUSD1	+0.0383%	8h	152.37	+0.109%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.204%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0713%	4h	152.24	+0.027%	$1.7M	$890K	20x	as long as short