Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h +0.017%

Price spread now: Bitget against Extended+0.053%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.053%, 7d avg +0.097%

Together, before fees−0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.044% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.40	0.0136	pay 0.0017% / 1h	10m 17s	$739K	$5.0M	10x
Short	Bitget SPCXUSDT	152.48	0	get 0.0000% / 8h	3h 10m	$31.3M	$65.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$28.56
Price spread: +0.053% → +0.097%: −$4.43
Slippage, 4 orders: −$2.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.25
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.65 bp	6.9 bp −$7	8.8 bp −$88	25.9 bp −$2,590	40.3 bp −$20.1K

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 −0.0265% / S +0.0494%	1h	152.37	−0.022%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.44	+0.027%	$96.2M	$31.6M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.48	+0.053%	$31.3M	$65.9M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.212%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.49	+0.060%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.68	+0.184%	$8K	$918K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.52	+0.079%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0010%	8h	152.43	+0.020%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0019%	8h	152.48	+0.053%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.42	+0.012%	$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	152.35	−0.032%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.39	−0.006%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.46	+0.040%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	+0.014%	$493K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.40	0.000%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.44	+0.027%	$531K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.34	−0.039%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.44	+0.027%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.47	+0.043%	$101	—	5x	as long as short
Lighter SPCX	+0.0072%	1h	152.39	−0.006%	$1.6M	$7.4M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0087%	1h	152.36	−0.026%	$131.0M	$128.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.36	−0.026%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.31	−0.059%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.39	−0.006%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.44	+0.027%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.43	+0.021%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0130%	8h	152.46	+0.038%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USDlong	+0.0136%	1h	152.40	long leg	$739K	$5.0M	10x
Binance SPCXUSDT	+0.0138%	8h	152.45	+0.031%	$250.4M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0143%	8h	152.47	+0.046%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.39	−0.006%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0193%	1h	152.37	−0.017%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0201%	1h	152.45	+0.032%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.49	+0.056%	$408K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.027%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.49	+0.060%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	152.54	+0.089%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.519%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0711%	4h	152.49	+0.058%	$1.7M	$891K	20x	as long as short