Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0635%/8h= −69.6% APRpaid last 24h −0.017%

Price spread now: SunX against edgeX+0.178%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1431.434% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.764%−$76 on $10k

Price spread, last 3 days (all we have)−0.099%−$10 · spread now +0.178%, 7d avg +0.058%

Together, before fees−0.863%+ Points / potential airdropedgeX: Active · farm board−$86 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.121% dearer against edgeX than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of +0.058%): +$12 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.99	0.0635	pay 0.0318% / 4h	2h 42m	$1.7M	$894K	20x
Short	SunX SPCX-USDT	153.26	0	get 0.0000% / 8h	6h 42m	$8K	$949K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.178%Rate

Funding earned: −$133.43
Price spread: +0.178% → +0.058%: $12.09
Slippage, 4 orders: −$126.36
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$264.7
Costs to cover: 1.434%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; SunX: live order book, 70 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	7.4 bp −$74	20.9 bp −$2,092	doesn't fit
Sell SunX live order book, 70 min ago	57.12 bp	70.0 bp −$70	doesn't fit	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 −0.0342% / S +0.0538%	1h	153.00	+0.005%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.005%	$96.3M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.770%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.98	−0.005%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	153.26	+0.178%	$8K	$949K	10x
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.98	−0.005%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	+0.035%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.93	−0.037%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.98	−0.005%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.96	−0.018%	$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
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.218%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.95	−0.024%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.04	+0.035%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.01	+0.015%	$1.2M	$7.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.00	+0.008%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.00	+0.008%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.02	+0.022%	$535K	$407K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.096%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0083%	8h	153.04	+0.036%	$101	—	5x	as long as short
Bybit SPCXUSDT	+0.0086%	8h	153.03	+0.028%	$30.9M	$42.9M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.037%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.057%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.02	+0.022%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.015%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	+0.024%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.028%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0140%	1h	153.03	+0.030%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0155%	1h	152.99	+0.002%	$142.4M	$119.8M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0200%	8h	153.00	+0.008%	$39.4M	$168.9M	75x	as long as short
Bitget SPCXUSDT	+0.0211%	8h	153.06	+0.048%	$31.8M	$66.5M	75x	as long as short
Variational Omni SPCX	+0.0217%	8h	152.98	−0.004%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0229%	8h	152.99	+0.002%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0232%	1h	152.96	−0.017%	$734K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0257%	1h	152.95	−0.025%	$620K	$842K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.100%	$728K	$977K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.02	+0.022%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0392%	8h	153.11	+0.081%	$19.0M	$17.2M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.06	+0.044%	$408K	$539K	20x	as long as short
edgeX SPCXUSDClong	+0.0635%	4h	152.99	long leg	$1.7M	$894K	20x