Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against KuCoin−0.033%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.033%, 7d avg −0.033%

Together, before fees−0.018%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.14	0.0100	pay 0.0100% / 8h	7h 35m	$13.0M	$5.7M	20x
Short	tradeXYZ xyz:SPCX	152.09	0.0050	get 0.0006% / 1h	35m 01s	$129.7M	$129.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against KuCoin. 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 KuCoinbpFee tradeXYZbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$10.5
Price spread: −0.033% → −0.033%: $0
Slippage, 4 orders: −$13.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$53.61
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; tradeXYZ: live order book, 4 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 KuCoin live order book, 4 min ago	2.30 bp	12.3 bp −$12	39.9 bp −$399	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.33 bp	10.5 bp −$10	11.0 bp −$110	15.5 bp −$1,552	doesn't fit

SPCX on 38 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	152.10	−0.023%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0015%	8h	152.22	+0.053%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.19	+0.033%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.17	+0.020%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.21	+0.046%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.28	+0.092%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.276%	$8K	$854K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.33	+0.125%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.18	+0.025%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.11	−0.020%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.10	−0.026%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.16	+0.013%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.16	+0.013%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.20	+0.039%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0050%	1h	152.09	−0.033%	$129.7M	$129.3M	20x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.09	−0.033%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.16	+0.013%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.21	+0.046%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.020%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.22	+0.051%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0080%	1h	152.16	+0.013%	$635K	$813K	20x	as long as short
Bullet SPCX-USD	+0.0083%	1h	152.22	+0.050%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.23	+0.059%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.12	−0.013%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.14	long leg	$13.0M	$5.7M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.34	+0.131%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.23	+0.059%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.18	+0.024%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.19	+0.035%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0105%	8h	152.18	+0.026%	$253.1M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.20	+0.039%	$39.4M	$167.3M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.25	+0.072%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.25	+0.072%	$447K	$268K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0210%	1h	152.17	+0.020%	$86K	$1.4M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.007%	$693K	$992K	10x	as long as short
Aster SPCXUSD1	+0.0383%	8h	152.33	+0.124%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.243%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0713%	4h	152.24	+0.067%	$1.7M	$890K	20x	as long as short