Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.057%

Price spread now: Deribit against HTX−0.098%7-day average −0.013% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.127%+$13 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.098%, 7d avg −0.013%

Together, before fees+0.234%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.085% cheaper against HTX than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.013%). If the spread goes back, that is −$8 on $10k: about 22 days of funding at the current rate ($0 a day). At the pace of the last 5 days (+0.127% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.38	0	get 0.0000% / 8h	4h 10m	$1.3M	$1.7M	75x
Short	Deribit SPCX_USDC-PERPETUAL	152.23	0.0013	get 0.0002% / 1h	10m 11s	$41K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.098%Rate

Funding earned: $2.69
Price spread: −0.098% → −0.013%: −$8.5
Slippage, 4 orders: −$16.83
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.63
Costs to cover: 0.358%
Break-even: 115.2 days

Slippage from HTX: live order book, 2 min ago; Deribit: 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 HTX live order book, 2 min ago	1.31 bp	8.4 bp −$8	8.6 bp −$86	13.2 bp −$1,323	doesn't fit
Sell Deribit live order book, 2 min ago	0.33 bp	3.8 bp −$4	7.9 bp −$79	doesn't fit	doesn't fit

SPCX on 38 exchanges

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	152.22	−0.108%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0073%	8h	152.31	−0.046%	$2.0M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.35	−0.020%	$30.0M	$42.1M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.30	−0.053%	$96.1M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.34	−0.026%	$31.2M	$65.5M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.32	−0.039%	$305K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.164%	$8K	$786K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.38	long leg	$1.3M	$1.7M	75x
Variational Omni SPCX	+0.0005%	8h	152.33	−0.031%	$5.9M	$2.9M	—	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0013%	1h	152.23	−0.098%	$41K	$1.3M	10x

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0025%	1h	152.29	−0.057%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0029%	1h	152.32	−0.039%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.26	−0.079%	$1.5M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.24	−0.092%	$2.5M	$7.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.51	+0.085%	$9K	$28K	5.5x	as long as short
Extended SPCX-USD	+0.0040%	1h	152.24	−0.094%	$700K	$5.2M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.30	−0.053%	$102K	$293K	5x	as long as short
Binance SPCXUSDT	+0.0043%	8h	152.29	−0.058%	$252.5M	$1.36B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.29	−0.059%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	−0.098%	$127.9M	$126.0M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.29	−0.059%	$1.7M	$90K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	−0.059%	$531K	$382K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.16	−0.144%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0052%	8h	152.34	−0.024%	$101	—	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0088%	8h	152.37	−0.007%	$39.7M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0093%	1h	152.28	−0.066%	$482K	$1.0M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.24	−0.092%	$166K	$116K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.22	−0.105%	$13.0M	$6.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.50	+0.079%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.28	−0.066%	$14K	$7K	10x	as long as short
RISEx SPCX/USDC	+0.0104%	1h	152.39	+0.009%	$350K	$480K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.24	−0.092%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0175%	1h	152.20	−0.118%	$629K	$804K	20x	as long as short
edgeX SPCXUSDC	+0.0190%	4h	152.30	−0.050%	$1.7M	$889K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.22	−0.105%	$736K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.40	+0.013%	$447K	$272K	15x	as long as short
Bullet SPCX-USD	+0.0214%	1h	152.33	−0.034%	$11K	$189K	10x	as long as short
Aster SPCXUSD1	+0.0332%	8h	152.33	−0.035%	$19.0M	$30.8M	20x	as long as short