Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h +0.040%

Price spread now: Extended against edgeX−0.013%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.637%−$64 on $10k

Price spread, last 7 days−0.047%−$5 · spread now −0.013%, 7d avg −0.059%

Together, before fees−0.684%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.046% dearer against edgeX than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.059%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.91	0.0592	pay 0.0296% / 4h	3h 51m	$1.7M	$892K	20x
Short	Extended SPCX-USD	152.89	0.0152	get 0.0019% / 1h	51m 00s	$738K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$92.41
Price spread: −0.013% → −0.059%: $4.55
Slippage, 4 orders: −$3.92
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$105.78
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Extended: 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 edgeX live order book, 3 min ago	1.63 bp	6.1 bp −$6	7.1 bp −$71	20.4 bp −$2,040	doesn't fit
Sell Extended live order book, 3 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	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 −0.0214% / S +0.0456%	1h	152.88	−0.016%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.90	−0.006%	$96.1M	$31.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.95	+0.027%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.830%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.93	+0.014%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.17	+0.171%	$7K	$935K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	+0.047%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0005%	8h	152.90	−0.006%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.93	+0.015%	$7K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0032%	8h	152.92	+0.007%	$1.9M	$1.3M	75x	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	152.85	−0.038%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.86	−0.032%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	−0.032%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.87	−0.025%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.89	−0.012%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	+0.007%	$532K	$390K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.071%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.90	−0.006%	$1.2M	$5.9M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0092%	8h	152.93	+0.015%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.84	−0.045%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	−0.045%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.038%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.94	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.91	+0.003%	$89	—	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.88	−0.019%	$1.6M	$7.3M	20x	as long as short
Variational Omni SPCX	+0.0138%	8h	152.91	0.000%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0152%	8h	152.90	−0.007%	$248.1M	$1.36B	75x	as long as short
Extended SPCX-USDshort	+0.0152%	1h	152.89	−0.013%	$738K	$3.8M	10x
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.91	+0.001%	$39.6M	$166.2M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.96	+0.034%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.006%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0255%	1h	152.80	−0.074%	$615K	$813K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.95	+0.027%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0281%	1h	152.92	+0.007%	$12K	$193K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0293%	1h	152.88	−0.019%	$141.3M	$119.1M	20x	as long as short
Aster SPCXUSD1	+0.0423%	8h	153.02	+0.071%	$19.0M	$21.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.269%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.88	−0.019%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDClong	+0.0592%	4h	152.91	long leg	$1.7M	$892K	20x