Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0120%/8h= +13.2% APRpaid last 24h +0.027%

Price spread now: tradeXYZ against HTX−0.092%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.092%, 7d avg −0.060%

Together, before fees+0.085%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.032% cheaper against HTX than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.060%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.43	0	get 0.0000% / 8h	1h 15m	$1.3M	$1.8M	75x
Short	tradeXYZ xyz:SPCX	152.29	0.0120	get 0.0015% / 1h	15m 09s	$130.1M	$129.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.092%Rate

Funding earned: $25.22
Price spread: −0.092% → −0.060%: −$3.19
Slippage, 4 orders: −$7.11
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$15.08
Costs to cover: 0.371%
Break-even: 11.2 days

Slippage from HTX: live order book, 4 min ago; tradeXYZ: 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 HTX live order book, 4 min ago	0.98 bp	8.2 bp −$8	8.3 bp −$83	12.3 bp −$1,229	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.33 bp	9.4 bp −$9	11.0 bp −$110	16.9 bp −$1,691	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	152.28	−0.095%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.34	−0.059%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.38	−0.033%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.185%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.033%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.184%	$8K	$896K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.43	long leg	$1.3M	$1.8M	75x
Bybit SPCXUSDT	+0.0007%	8h	152.36	−0.046%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0017%	8h	152.40	−0.020%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.34	−0.057%	$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	152.28	−0.098%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.36	−0.046%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.31	−0.079%	$103K	$300K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.29	−0.092%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.32	−0.072%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.37	−0.039%	$530K	$378K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.131%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.41	−0.012%	$392K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	−0.092%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.24	−0.125%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.29	−0.092%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.39	−0.026%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.36	−0.044%	$88	—	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0120%	1h	152.29	−0.092%	$130.1M	$129.1M	20x
Variational Omni SPCX	+0.0122%	8h	152.35	−0.054%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0129%	8h	152.37	−0.037%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.33	−0.064%	$724K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0137%	8h	152.36	−0.044%	$251.9M	$1.36B	75x	as long as short
Polymarket Perps SPCX-USD	+0.0142%	1h	152.34	−0.059%	$487K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0145%	8h	152.37	−0.039%	$39.5M	$166.6M	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.31	−0.079%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.046%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.39	−0.026%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0267%	1h	152.23	−0.128%	$626K	$807K	20x	as long as short
edgeX SPCXUSDC	+0.0297%	4h	152.39	−0.029%	$1.7M	$893K	20x	as long as short
Bullet SPCX-USD	+0.0304%	1h	152.36	−0.043%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0401%	8h	152.48	+0.032%	$18.9M	$29.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.249%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.33	−0.066%	$89K	$1.3M	10x	as long as short