Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0470%/8h= −51.4% APRpaid last 24h +0.050%

Price spread now: KuCoin against edgeX−0.050%98s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as 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−$390.395% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.709%−$71 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.050%, 7d avg −0.022%

Together, before fees−0.715%+ Points / potential airdropedgeX: Active · farm board−$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.028% 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. The two prices were read 98 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	152.58	0.0570	pay 0.0285% / 4h	1h 47m	$1.7M	$892K	20x
Short	KuCoin SPCXUSDTM	152.50	0.0100	get 0.0100% / 8h	1h 47m	$13.0M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$98.61
Price spread: −0.050% → −0.022%: −$2.8
Slippage, 4 orders: −$18.48
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$140.89
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; KuCoin: live order book, 11 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	1.64 bp	6.1 bp −$6	6.9 bp −$69	19.0 bp −$1,902	doesn't fit
Sell KuCoin live order book, 11 min ago	0.98 bp	12.1 bp −$12	40.8 bp −$408	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 −0.0187% / S +0.0435%	1h	152.53	−0.034%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0021%	8h	152.64	+0.041%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.62	+0.028%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.58	+0.002%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.62	+0.028%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.076%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	+0.061%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.172%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.66	+0.054%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.52	−0.036%	$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	152.55	−0.018%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.57	−0.005%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.54	−0.024%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.59	+0.009%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.59	+0.009%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.58	+0.002%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.56	−0.011%	$532K	$384K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.070%	$3.2M	$2.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0069%	1h	152.51	−0.044%	$130.1M	$129.0M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0071%	8h	152.64	+0.038%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.66	+0.054%	$408K	$498K	20x	as long as short
Variational Omni SPCX	+0.0079%	8h	152.62	+0.028%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0096%	1h	152.56	−0.011%	$1.6M	$7.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.53	−0.031%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.50	−0.050%	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.63	+0.035%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.62	+0.028%	$15K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0100%	8h	152.61	+0.025%	$250.4M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.57	−0.006%	$732K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.61	+0.024%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0113%	8h	152.63	+0.035%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.028%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.62	+0.028%	$444K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.50	−0.050%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0246%	1h	152.62	+0.029%	$11K	$191K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0340%	1h	152.59	+0.009%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0360%	8h	152.75	+0.114%	$18.9M	$25.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.205%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0570%	4h	152.58	long leg	$1.7M	$892K	20x