Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%

Price spread now: QFEX against Gate+0.007%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.007%, 7d avg −0.008%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	152.42	0	get 0.0000% / 8h	3h 01m	$96.2M	$31.7M	100x
Short	QFEX SPCX-USD	152.43	0.0050	get 0.0006% / 1h	1m 18s	$1.2M	$5.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $10.6
Price spread: +0.007% → −0.008%: $1.46
Slippage, 4 orders: −$10.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.84
Costs to cover: 0.359%
Break-even: 22.7 days

Slippage from Gate: live order book, 3 min ago; QFEX: live order book, 7 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 Gate live order book, 3 min ago	0.33 bp	12.2 bp −$12	18.6 bp −$186	45.9 bp −$4,587	86.5 bp −$43.3K
Sell QFEX live order book, 7 min ago	1.31 bp	6.3 bp −$6	7.0 bp −$70	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 −0.0224% / S +0.0463%	1h	152.34	−0.049%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.44	+0.013%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.42	long leg	$96.2M	$31.7M	100x
Bitget SPCXUSDT	0.0000%	8h	152.48	+0.039%	$31.4M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.193%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.085%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.70	+0.184%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.57	+0.098%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0013%	8h	152.55	+0.085%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.37	−0.031%	$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	152.37	−0.033%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.40	−0.013%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.46	+0.026%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	0.000%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.44	+0.013%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.46	+0.026%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.33	−0.059%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USDshort	+0.0050%	1h	152.43	+0.007%	$1.2M	$5.6M	10x
tradeXYZ xyz:SPCX	+0.0054%	1h	152.35	−0.046%	$131.0M	$128.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.46	+0.026%	$101	—	5x	as long as short
Lighter SPCX	+0.0056%	1h	152.40	−0.013%	$1.6M	$7.5M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.36	−0.039%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.32	−0.066%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.39	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.46	+0.026%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.44	+0.013%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0125%	8h	152.47	+0.032%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0131%	8h	152.44	+0.014%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.40	−0.013%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0139%	8h	152.46	+0.026%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.47	+0.033%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0184%	1h	152.39	−0.020%	$614K	$804K	20x	as long as short
Bullet SPCX-USD	+0.0189%	1h	152.46	+0.026%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.49	+0.043%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.013%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.45	+0.020%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0403%	8h	152.54	+0.077%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.505%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0669%	4h	152.49	+0.044%	$1.7M	$893K	20x	as long as short