Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0033%/8hpaid last 24h −0.009%

Price spread now: HTX against Injective−3.320%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 3.320% cheaper against Injective than usual: you would sell low and buy high (−$332 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SPCX/USDC PERP	157.25	0.0033	pay 0.0004% / 1h	5m 09s	$9K	$27K	5.5x
Short	HTX SPCX-USDT	152.03	0	get 0.0000% / 8h	4h 05m	$1.3M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now −3.320%Rate

Funding earned: −$7
Price spread: −3.320% → 0.000%: −$331.96
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$350.98
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; HTX: live order book, 3 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	2.63 bp	9.2 bp −$9	9.3 bp −$93	14.5 bp −$1,454	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0207% / S +0.0442%	1h	152.06	−3.304%	$88K	—	20x	as long as short
BloFin SPCX-USDT	−0.0046%	8h	152.11	−3.269%	$1.9M	$1.3M	75x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.19	−3.218%	$96.4M	$30.5M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.49	+9.695%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.04	−3.313%	$300K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.12	−3.262%	$8K	$996K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.03	−3.320%	$1.3M	$1.6M	75x
Lighter SPCX	+0.0032%	1h	152.17	−3.231%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.15	−3.243%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0033%	1h	157.25	long leg	$9K	$27K	5.5x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SPCX-USDT-SWAP	+0.0037%	8h	152.22	−3.199%	$39.2M	$164.6M	75x	as long as short
Variational Omni SPCX	+0.0039%	8h	152.09	−3.279%	$6.0M	$4.4M	—	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.05	−3.307%	—	$948K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.04	−3.313%	$129.6M	$102.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	151.94	−3.377%	$487K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.17	−3.231%	$1.7M	$80K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.24	−3.186%	$537K	$393K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	151.91	−3.396%	$3.1M	$2.5M	10x	as long as short
QFEX SPCX-USD	+0.0060%	1h	151.99	−3.345%	$1.2M	$7.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.01	−3.331%	$100	—	5x	as long as short
Bybit SPCXUSDT	+0.0062%	8h	152.23	−3.192%	$30.5M	$40.9M	100x	as long as short
Aster SPCXUSD1	+0.0069%	8h	152.12	−3.262%	$17.8M	$19.6M	20x	as long as short
Extended SPCX-USD	+0.0072%	1h	152.16	−3.234%	$712K	$3.5M	10x	as long as short
Binance SPCXUSDT	+0.0074%	8h	152.23	−3.190%	$253.8M	$1.35B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	151.93	−3.383%	$175K	$137K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.03	−3.320%	$13.0M	$4.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	151.97	−3.358%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.10	−3.275%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.20	−3.212%	$88	—	10x	as long as short
edgeX SPCXUSDC	+0.0129%	4h	152.34	−3.125%	$1.7M	$893K	20x	as long as short
Aftermath Perps SPCXUSD	+0.0141%	1h	152.02	−3.326%	$7K	$10K	10x	as long as short
Bullet SPCX-USD	+0.0154%	1h	152.11	−3.269%	$11K	$191K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0176%	1h	152.06	−3.300%	$747K	$928K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.13	−3.256%	$370K	$186K	15x	as long as short
Arcus SPCX-USD	+0.0250%	1h	151.97	−3.358%	$105K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0260%	1h	151.95	−3.371%	$669K	$838K	20x	as long as short
Bitget SPCXUSDT	+0.0267%	8h	152.30	−3.148%	$29.3M	$64.1M	75x	as long as short
RISEx SPCX/USDC	+0.0357%	1h	152.04	−3.312%	$319K	$481K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0473%	1h	152.19	−3.218%	$70K	$995K	10x	as long as short