Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h −0.025%

Price spread now: SunX against Injective−0.007%59s7-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 SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.093% in total (about -4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SPCX/USDC PERP	152.99	0.0440	pay 0.0055% / 1h	57m 21s	$9K	$28K	5.5x
Short	SunX SPCX-USDT	152.98	0	get 0.0000% / 8h	1h 57m	$8K	$896K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$92.4
Price spread: −0.007% → 0.000%: −$0.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$101.07
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	21.92 bp	doesn't fit	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.59	−0.265%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0028%	8h	152.69	−0.196%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.68	−0.203%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.64	−0.229%	$96.2M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.68	−0.203%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.774%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.70	−0.190%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.98	−0.007%	$8K	$896K	10x
HTX SPCX-USDT	0.0000%	8h	152.77	−0.144%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0018%	1h	152.60	−0.253%	$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	152.62	−0.242%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	−0.268%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.61	−0.248%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.62	−0.242%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.64	−0.229%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	−0.242%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.67	−0.209%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.69	−0.196%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.275%	$3.2M	$2.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0052%	1h	152.58	−0.268%	$130.2M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.72	−0.179%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.68	−0.201%	$409K	$505K	20x	as long as short
Variational Omni SPCX	+0.0075%	8h	152.72	−0.179%	$6.0M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0088%	1h	152.62	−0.245%	$732K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0092%	8h	152.68	−0.203%	$249.9M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.60	−0.255%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.58	−0.268%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.76	−0.150%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	−0.209%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	−0.222%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0108%	8h	152.68	−0.203%	$39.6M	$166.9M	75x	as long as short
Nado SPCX-PERP	+0.0162%	1h	152.59	−0.259%	$612K	$800K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.70	−0.190%	$731K	$921K	10x	as long as short
Bullet SPCX-USD	+0.0208%	1h	152.66	−0.215%	$11K	$192K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.65	−0.222%	$444K	$266K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0340%	1h	152.65	−0.222%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0349%	8h	152.75	−0.154%	$18.9M	$25.1M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0440%	1h	152.99	long leg	$9K	$28K	5.5x
edgeX SPCXUSDC	+0.0988%	4h	152.66	−0.216%	$1.7M	$891K	20x	as long as short