Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.021%

Price spread now: KuCoin against Injective−2.728%70s7-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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 2.728% cheaper against Injective than usual: you would sell low and buy high (spread −2.728% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$273 on $10k: about 5 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

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	27m 57s	$9K	$27K	5.5x
Short	KuCoin SPCXUSDTM	152.96	0.0100	get 0.0100% / 8h	7h 27m	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −2.728%Rate

Funding earned: $14
Price spread: −2.728% → 0.000%: −$272.81
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$270.83
Costs to cover: 0.120%
Break-even: 142.4 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	0.98 bp	15.7 bp −$16	40.8 bp −$408	doesn't fit	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 −0.0313% / S +0.0517%	1h	153.03	−2.680%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	−2.665%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+9.709%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−2.760%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	−2.518%	$8K	$956K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.08	−2.652%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.96	−2.727%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.00	−2.703%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0033%	1h	157.25	long leg	$9K	$27K	5.5x
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	−2.665%	—	$1.2M	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	+0.0048%	1h	153.01	−2.696%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	−2.665%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.08	−2.652%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−2.798%	$3.2M	$2.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0051%	1h	153.04	−2.677%	$489K	$1.1M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.04	−2.677%	$1.2M	$7.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	153.08	−2.652%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−2.741%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.96	−2.728%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	153.02	−2.690%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	−2.652%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.06	−2.662%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0106%	8h	153.09	−2.645%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0181%	8h	153.10	−2.639%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.98	−2.715%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0209%	8h	153.12	−2.626%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0210%	8h	153.02	−2.689%	$6.0M	$3.5M	—	as long as short
Extended SPCX-USD	+0.0224%	1h	153.06	−2.666%	$734K	$4.0M	10x	as long as short
Binance SPCXUSDT	+0.0227%	8h	153.09	−2.644%	$253.2M	$1.38B	75x	as long as short
Nado SPCX-PERP	+0.0235%	1h	152.94	−2.739%	$604K	$848K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0245%	1h	153.04	−2.677%	$143.1M	$119.4M	20x	as long as short
Bullet SPCX-USD	+0.0246%	1h	153.09	−2.645%	$11K	$188K	10x	as long as short
edgeX SPCXUSDC	+0.0257%	4h	153.02	−2.692%	$1.7M	$894K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.02	−2.690%	$72K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.04	−2.677%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0317%	8h	153.10	−2.639%	$31.3M	$66.4M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	−2.696%	$731K	$979K	10x	as long as short
Aster SPCXUSD1	+0.0355%	8h	153.08	−2.653%	$19.0M	$18.6M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	−2.642%	$401K	$535K	20x	as long as short