Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0726%/8h= −79.5% APRpaid last 24h −0.001%

Price spread now: Deribit against edgeX−0.042%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.379%−$38 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.042%, 7d avg −0.002%

Together, before fees−0.463%+ Points / potential airdropedgeX: Active · farm board−$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Deribit is 0.039% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.71	0.0726	pay 0.0363% / 4h	3h 02m	$1.7M	$890K	20x
Short	Deribit SPCX_USDC-PERPETUAL	152.65	0	get 0.0000% / 1h	2m 29s	$82K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$152.48
Price spread: −0.042% → −0.002%: −$3.95
Slippage, 4 orders: −$14.22
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$186.64
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Deribit: 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, 1 min ago	1.97 bp	6.5 bp −$6	7.6 bp −$76	21.6 bp −$2,162	doesn't fit
Sell Deribit live order book, 1 min ago	0.33 bp	5.8 bp −$6	9.2 bp −$92	doesn't fit	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	152.63	−0.058%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.67	−0.029%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.75	+0.024%	$30.5M	$43.2M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.72	+0.004%	$96.1M	$32.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.78	+0.043%	$31.0M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.65	−0.042%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.92	+0.135%	$8K	$842K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	0.0000%	1h	152.65	−0.042%	$82K	$1.4M	10x
HTX SPCX-USDT	0.0000%	8h	152.74	+0.017%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0015%	1h	152.60	−0.075%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.67	−0.029%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.64	−0.048%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.68	−0.022%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.63	−0.055%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.73	+0.011%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.72	+0.004%	$129.8M	$130.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.74	+0.017%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.65	−0.042%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	−0.048%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.53	−0.120%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.72	+0.003%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0088%	8h	152.69	−0.016%	$5.9M	$2.7M	—	as long as short
Nado SPCX-PERP	+0.0094%	1h	152.65	−0.041%	$633K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0096%	1h	152.75	+0.024%	$11K	$191K	10x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.68	−0.021%	$723K	$5.4M	10x	as long as short
Binance SPCXUSDT	+0.0099%	8h	152.73	+0.012%	$252.9M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.65	−0.042%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.58	−0.088%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.70	−0.009%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.74	+0.017%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	−0.028%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0107%	8h	152.77	+0.037%	$39.4M	$168.6M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.69	−0.012%	$382K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.68	−0.022%	$448K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.67	−0.029%	$687K	$1.0M	10x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.85	+0.089%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.043%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0726%	4h	152.71	long leg	$1.7M	$890K	20x