Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h +0.041%

Price spread now: Binance against edgeX−0.027%60s7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.230% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.651%−$65 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.027%, 7d avg +0.039%

Together, before fees−0.604%+ Points / potential airdropedgeX: Active · farm board−$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Binance is 0.066% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.49	0.0669	pay 0.0334% / 4h	3h 00m	$1.7M	$893K	20x
Short	Binance SPCXUSDT	152.45	0.0131	get 0.0131% / 8h	3h 00m	$250.5M	$1.36B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$113.05
Price spread: −0.027% → +0.039%: −$6.64
Slippage, 4 orders: −$4.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$142.7
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from edgeX: 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 edgeX live order book, 4 min ago	1.64 bp	6.1 bp −$6	7.0 bp −$70	19.3 bp −$1,930	doesn't fit
Sell Binance live order book, 14 min ago	0.33 bp	5.3 bp −$5	5.7 bp −$57	11.3 bp −$1,125	23.8 bp −$11.9K

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 −0.0224% / S +0.0463%	1h	152.34	−0.093%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.44	−0.031%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.41	−0.051%	$96.2M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	−0.011%	$31.4M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.143%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.47	−0.011%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.70	+0.140%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.52	+0.022%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0011%	8h	152.46	−0.018%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.37	−0.075%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.34	−0.096%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.39	−0.064%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.44	−0.031%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.41	−0.051%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	−0.051%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.46	−0.018%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.29	−0.129%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.42	−0.044%	$1.2M	$5.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0051%	1h	152.32	−0.110%	$131.0M	$128.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.45	−0.025%	$101	—	5x	as long as short
Lighter SPCX	+0.0056%	1h	152.37	−0.077%	$1.6M	$7.5M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.34	−0.096%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.32	−0.110%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.39	−0.064%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.46	−0.018%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.44	−0.031%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0121%	8h	152.43	−0.039%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0128%	1h	152.39	−0.062%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDTshort	+0.0131%	8h	152.45	−0.027%	$250.5M	$1.36B	75x
OKX SPCX-USDT-SWAP	+0.0138%	8h	152.45	−0.024%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.41	−0.051%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0183%	1h	152.37	−0.076%	$614K	$804K	20x	as long as short
Bullet SPCX-USD	+0.0188%	1h	152.44	−0.031%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.46	−0.017%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.031%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.45	−0.024%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0401%	8h	152.53	+0.025%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.461%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0669%	4h	152.49	long leg	$1.7M	$893K	20x