Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Bybit against HTX−0.066%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.066%, 7d avg −0.012%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.054% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.37	0	get 0.0000% / 8h	7h 59m	$1.3M	$1.8M	75x
Short	Bybit SPCXUSDT	152.27	0	get 0.0000% / 8h	7h 59m	$30.5M	$42.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.012%: −$5.39
Slippage, 4 orders: −$7.31
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.7
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Bybit: 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 HTX live order book, 4 min ago	0.33 bp	7.8 bp −$8	8.2 bp −$82	12.2 bp −$1,216	doesn't fit
Sell Bybit live order book, 4 min ago	0.33 bp	5.8 bp −$6	9.1 bp −$91	35.9 bp −$3,591	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	152.18	−0.128%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0004%	8h	152.31	−0.039%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDTshort	0.0000%	8h	152.27	−0.066%	$30.5M	$42.7M	100x
Gate SPCX_USDT	0.0000%	8h	152.25	−0.079%	$96.2M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.30	−0.046%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.225%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.34	−0.020%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.131%	$8K	$888K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.37	long leg	$1.3M	$1.8M	75x
Aftermath Perps SPCXUSD	+0.0021%	1h	152.21	−0.106%	$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 SPCX	+0.0032%	1h	152.21	−0.105%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.20	−0.112%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.23	−0.092%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.26	−0.072%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.18	−0.125%	$129.6M	$129.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.22	−0.098%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.24	−0.085%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.28	−0.059%	$530K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.131%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.23	−0.092%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0071%	8h	152.22	−0.099%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0098%	8h	152.27	−0.063%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.17	−0.131%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.18	−0.125%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.36	−0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.26	−0.072%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.25	−0.081%	$88	—	10x	as long as short
Bullet SPCX-USD	+0.0112%	1h	152.25	−0.079%	$11K	$192K	10x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.25	−0.081%	$723K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0115%	8h	152.29	−0.055%	$253.2M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0132%	8h	152.30	−0.046%	$39.7M	$166.6M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.21	−0.105%	$89K	$1.4M	10x	as long as short
Nado SPCX-PERP	+0.0149%	1h	152.21	−0.107%	$631K	$803K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	−0.020%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.32	−0.033%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0385%	8h	152.38	+0.007%	$18.9M	$30.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.217%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.27	−0.063%	$381K	$505K	20x	as long as short
edgeX SPCXUSDC	+0.0952%	4h	152.33	−0.025%	$1.7M	$891K	20x	as long as short