Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Gate0.000%7-day average +0.012% · 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−$60as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now 0.000%, 7d avg +0.012%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, 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	152.97	0	get 0.0000% / 8h	5h 59m	$96.0M	$31.2M	100x
Short	SoDEX SPCX-USD	152.97	0.0050	get 0.0006% / 1h	59m 04s	$1.7M	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $10.5
Price spread: 0.000% → +0.012%: −$1.2
Slippage, 4 orders: −$35.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$49.2
Costs to cover: 0.585%
Break-even: 39.8 days

Slippage from Gate: live order book, 5 min ago; SoDEX: live order book, 5 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, 5 min ago	0.33 bp	12.4 bp −$12	17.2 bp −$172	49.9 bp −$4,994	85.7 bp −$42.9K
Sell SoDEX live order book, 5 min ago	0.33 bp	18.1 bp −$18	47.3 bp −$473	doesn't fit	doesn't fit

SPCX on 38 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 −0.0333% / S +0.0531%	1h	152.97	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.97	long leg	$96.0M	$31.2M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.783%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.87	−0.065%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.21	+0.157%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	+0.026%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.91	−0.039%	$72K	$1.1M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.015%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.92	−0.033%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.033%	$2.5M	$7.2M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.91	−0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	0.000%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.96	−0.007%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.020%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.97	0.000%	$1.7M	$91K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.97	0.000%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.098%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0055%	8h	152.99	+0.013%	$30.8M	$42.9M	100x	as long as short
Bitget SPCXUSDT	+0.0074%	8h	153.02	+0.033%	$31.7M	$66.1M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	153.00	+0.020%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	−0.065%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.88	−0.059%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.97	+0.002%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0112%	1h	152.99	+0.010%	$11K	$189K	10x	as long as short
Nado SPCX-PERP	+0.0174%	1h	152.91	−0.042%	$622K	$835K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	153.00	+0.020%	$39.4M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0196%	8h	152.97	−0.001%	$6.0M	$3.1M	—	as long as short
tradeXYZ xyz:SPCX	+0.0197%	1h	152.98	+0.007%	$142.1M	$119.3M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.00	+0.023%	$408K	$549K	20x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.94	−0.017%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0208%	8h	152.99	+0.013%	$252.6M	$1.37B	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.97	0.000%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.99	+0.013%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.07	+0.065%	$19.0M	$15.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.29	+0.209%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0798%	4h	152.97	−0.001%	$1.7M	$894K	20x	as long as short