Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0793%/8h= −86.8% APRpaid last 24h +0.077%

Price spread now: QFEX against edgeX−0.010%57s7-day average −0.012% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.255% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.350%−$35 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.010%, 7d avg −0.012%

Together, before fees−0.354%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. The two prices were read 57 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	153.04	0.0841	pay 0.0421% / 4h	1h 12m	$1.7M	$893K	20x
Short	QFEX SPCX-USD	153.02	0.0048	get 0.0006% / 1h	12m 25s	$1.2M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$166.47
Price spread: −0.010% → −0.012%: $0.14
Slippage, 4 orders: −$6.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$191.87
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; QFEX: live order book, 6 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	1.63 bp	6.1 bp −$6	7.3 bp −$73	21.0 bp −$2,100	doesn't fit
Sell QFEX live order book, 6 min ago	1.63 bp	6.6 bp −$7	7.4 bp −$74	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 −0.0333% / S +0.0531%	1h	153.00	−0.020%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.02	−0.010%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.06	+0.016%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.735%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.063%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.133%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.022%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.96	−0.047%	$7K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0027%	8h	153.03	−0.004%	$30.8M	$42.9M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.043%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.96	−0.049%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.03	−0.004%	—	$1.2M	10x	as long as short
QFEX SPCX-USDshort	+0.0048%	1h	153.02	−0.010%	$1.2M	$6.5M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.030%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	−0.017%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−0.023%	$534K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.069%	$3.2M	$2.5M	10x	as long as short
Lighter SPCX	+0.0064%	1h	153.00	−0.023%	$1.6M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0066%	8h	153.05	+0.009%	$1.9M	$1.4M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.98	−0.036%	$73K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	153.05	+0.008%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.96	−0.049%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.049%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.069%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.003%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	−0.008%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0172%	1h	153.05	+0.013%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0172%	8h	153.04	0.000%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0176%	8h	153.06	+0.016%	$39.5M	$167.5M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.01	−0.017%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0185%	8h	153.05	+0.007%	$252.5M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0193%	1h	153.01	−0.017%	$142.1M	$119.2M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.06	+0.019%	$410K	$540K	20x	as long as short
Nado SPCX-PERP	+0.0227%	1h	152.95	−0.053%	$622K	$825K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.017%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.04	+0.003%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0416%	8h	153.11	+0.050%	$18.9M	$17.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.160%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0841%	4h	153.04	long leg	$1.7M	$893K	20x