Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0623%/8h= −68.3% APRpaid last 24h −0.049%

Price spread now: Bybit against edgeX−0.007%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.779%−$78 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.007%, 7d avg +0.022%

Together, before fees−0.783%+ Points / potential airdropedgeX: Active · farm board−$78 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.029% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.65	0.0768	pay 0.0384% / 4h	2h 22m	$1.7M	$892K	20x
Short	Bybit SPCXUSDT	152.64	0.0144	get 0.0144% / 8h	2h 22m	$30.7M	$42.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$130.91
Price spread: −0.007% → +0.022%: −$2.92
Slippage, 4 orders: −$18.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$172.71
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from edgeX: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago	6.23 bp	10.7 bp −$11	11.8 bp −$118	26.7 bp −$2,667	doesn't fit
Sell Bybit live order book, 1 min ago	0.65 bp	7.9 bp −$8	10.6 bp −$106	25.4 bp −$2,541	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 −0.0271% / S +0.0488%	1h	152.57	−0.050%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	−0.014%	$96.4M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.004%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.70	+0.032%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.137%	$8K	$990K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	−0.014%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.53	−0.077%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	−0.047%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.013%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.63	−0.014%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.58	−0.047%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	−0.014%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.63	−0.014%	$541K	$403K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.093%	$3.1M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.65	−0.001%	$1.2M	$7.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.59	−0.040%	$70K	$1.1M	10x	as long as short
BloFin SPCX-USDT	+0.0080%	8h	152.67	+0.012%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0088%	1h	152.60	−0.034%	$1.6M	$7.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	−0.047%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	−0.099%	$13.0M	$5.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	−0.079%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.68	+0.019%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0103%	8h	152.66	+0.006%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.68	+0.017%	$89	—	10x	as long as short
Bybit SPCXUSDTshort	+0.0144%	8h	152.64	−0.007%	$30.7M	$42.3M	100x
OKX SPCX-USDT-SWAP	+0.0167%	8h	152.67	+0.012%	$39.0M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0169%	8h	152.64	−0.008%	$6.1M	$4.3M	—	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	152.58	−0.047%	$129.9M	$107.2M	20x	as long as short
Binance SPCXUSDT	+0.0200%	8h	152.65	+0.002%	$256.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.64	−0.007%	$715K	$3.6M	10x	as long as short
Bullet SPCX-USD	+0.0207%	1h	152.65	0.000%	$12K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0228%	8h	152.71	+0.039%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.16	−0.322%	$739K	$963K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.63	−0.014%	$370K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.61	−0.027%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0313%	1h	152.51	−0.090%	$624K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0335%	8h	152.65	−0.001%	$31.3M	$66.3M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.71	+0.039%	$383K	$540K	20x	as long as short
edgeX SPCXUSDClong	+0.0768%	4h	152.65	long leg	$1.7M	$892K	20x