Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h −0.003%

Price spread now: Aster against Extended+0.036%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.052%+$5 · spread now +0.036%, 7d avg +0.101%

Together, before fees+0.046%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.064% cheaper against Extended than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.101%). If the spread goes back, that is −$6 on $10k: about 8.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.58	0.0184	pay 0.0023% / 1h	31m 11s	$715K	$3.6M	10x
Short	Aster SPCXUSD1	152.63	0.0211	get 0.0211% / 8h	2h 31m	$19.0M	$21.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.036%Rate

Funding earned: $5.62
Price spread: +0.036% → +0.101%: −$6.44
Slippage, 4 orders: −$3.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.65
Costs to cover: 0.168%
Break-even: 29.0 days

Slippage from Extended: live order book, 3 min ago; Aster: 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 Extended live order book, 3 min ago	0.98 bp	3.5 bp −$3	6.1 bp −$61	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.33 bp	5.1 bp −$5	9.0 bp −$90	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 −0.0271% / S +0.0488%	1h	152.53	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.57	−0.006%	$96.4M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.057%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.033%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.77	+0.125%	$8K	$989K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.57	−0.006%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.51	−0.047%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.51	−0.046%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.061%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.56	−0.013%	—	$1.0M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.52	−0.039%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.59	+0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.59	+0.007%	$542K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.072%	$3.1M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.57	−0.006%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0063%	8h	152.61	+0.020%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0080%	1h	152.52	−0.039%	$1.6M	$7.3M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0088%	8h	152.61	+0.017%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.52	−0.039%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.44	−0.091%	$13.0M	$5.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	−0.032%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.58	0.000%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.60	+0.017%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0131%	8h	152.59	+0.007%	$30.7M	$42.2M	100x	as long as short
Variational Omni SPCX	+0.0147%	8h	152.58	0.000%	$6.1M	$4.3M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0151%	8h	152.60	+0.013%	$39.0M	$167.9M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0178%	1h	152.51	−0.046%	$129.9M	$107.1M	20x	as long as short
Bullet SPCX-USD	+0.0182%	1h	152.59	+0.007%	$12K	$190K	10x	as long as short
Binance SPCXUSDT	+0.0183%	8h	152.60	+0.013%	$256.0M	$1.38B	75x	as long as short
Extended SPCX-USDlong	+0.0184%	1h	152.58	long leg	$715K	$3.6M	10x
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.54	−0.026%	$70K	$1.1M	10x	as long as short
Aster SPCXUSD1short	+0.0211%	8h	152.63	+0.036%	$19.0M	$21.3M	20x
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.16	−0.275%	$739K	$963K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.58	0.000%	$370K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.53	−0.032%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0303%	1h	152.44	−0.090%	$624K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0328%	8h	152.60	+0.013%	$31.2M	$66.3M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.62	+0.025%	$383K	$543K	20x	as long as short
edgeX SPCXUSDC	+0.0682%	4h	152.60	+0.012%	$1.7M	$893K	20x	as long as short