Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.007%

Price spread now: Bybit against Extended+0.033%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.132%+$13 · spread now +0.033%, 7d avg +0.082%

Together, before fees+0.105%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.049% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.62	0.0112	pay 0.0014% / 1h	16m 53s	$731K	$4.6M	10x
Short	Bybit SPCXUSDT	152.67	0	get 0.0000% / 8h	2h 16m	$30.6M	$42.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$23.52
Price spread: +0.033% → +0.082%: −$4.89
Slippage, 4 orders: −$4.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.84
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	0.66 bp	3.2 bp −$3	5.8 bp −$58	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.33 bp	6.9 bp −$7	9.3 bp −$93	41.0 bp −$4,103	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	152.56	−0.039%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0008%	8h	152.67	+0.033%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDTshort	0.0000%	8h	152.67	+0.033%	$30.6M	$42.7M	100x
Gate SPCX_USDT	0.0000%	8h	152.63	+0.007%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.69	+0.046%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.046%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.69	+0.046%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.164%	$8K	$906K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.62	0.000%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.73	+0.072%	$1.3M	$1.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0019%	1h	152.49	−0.082%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.61	−0.006%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.59	−0.019%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.55	−0.046%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.63	+0.007%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.67	+0.033%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.55	−0.046%	$130.9M	$128.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	0.000%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	0.000%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.67	+0.033%	$531K	$386K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.098%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0058%	8h	152.70	+0.056%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	−0.026%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.55	−0.046%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	−0.059%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.68	+0.040%	$15K	$7K	10x	as long as short
Variational Omni SPCX	+0.0102%	8h	152.59	−0.020%	$6.0M	$2.8M	—	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	+0.030%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0110%	1h	152.64	+0.012%	$612K	$803K	20x	as long as short
Binance SPCXUSDT	+0.0112%	8h	152.66	+0.024%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USDlong	+0.0112%	1h	152.62	long leg	$731K	$4.6M	10x
OKX SPCX-USDT-SWAP	+0.0119%	8h	152.68	+0.040%	$39.5M	$166.6M	75x	as long as short
Bullet SPCX-USD	+0.0143%	1h	152.68	+0.039%	$12K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.70	+0.053%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.62	0.000%	$732K	$932K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.58	−0.026%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0368%	8h	152.68	+0.043%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.053%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0990%	4h	152.59	−0.020%	$1.7M	$892K	20x	as long as short