Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.043%

Price spread now: Deribit against OKX−0.020%46s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.323% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.116%+$12 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.020%, 7d avg −0.003%

Together, before fees+0.175%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 46 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	OKX SPCX-USDT-SWAP	152.69	0.0184	pay 0.0184% / 8h	2h 08m	$39.0M	$168.3M	75x
Short	Deribit SPCX_USDC-PERPETUAL	152.66	0.0209	get 0.0026% / 1h	8m 39s	$71K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $5.22
Price spread: −0.020% → −0.003%: −$1.69
Slippage, 4 orders: −$15.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.78
Costs to cover: 0.323%
Break-even: 45.6 days

Slippage from OKX: live order book, 5 min ago; Deribit: live order book, just now.

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 OKX live order book, 5 min ago	0.33 bp	5.9 bp −$6	7.9 bp −$79	22.4 bp −$2,238	doesn't fit
Sell Deribit live order book, just now	5.89 bp	10.0 bp −$10	13.6 bp −$136	doesn't fit	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 −0.0271% / S +0.0488%	1h	152.63	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.66	−0.020%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+12.977%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.72	+0.020%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.92	+0.151%	$8K	$990K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.66	−0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	−0.064%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.62	−0.046%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.986%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	−0.007%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.64	−0.033%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.67	−0.013%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.67	−0.013%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.52	−0.111%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.67	−0.013%	$1.2M	$7.6M	10x	as long as short
Lighter SPCX	+0.0064%	1h	152.63	−0.039%	$1.6M	$7.3M	20x	as long as short
BloFin SPCX-USDT	+0.0094%	8h	152.69	0.000%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.68	−0.009%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.61	−0.052%	$176K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.54	−0.098%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.74	+0.033%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.69	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.71	+0.010%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0155%	8h	152.69	0.000%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0184%	8h	152.69	long leg	$39.0M	$168.3M	75x
tradeXYZ xyz:SPCX	+0.0185%	1h	152.63	−0.039%	$129.9M	$107.2M	20x	as long as short
Variational Omni SPCX	+0.0189%	8h	152.69	+0.001%	$6.1M	$4.3M	—	as long as short
Bullet SPCX-USD	+0.0205%	1h	152.68	−0.005%	$11K	$190K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0209%	1h	152.66	−0.020%	$71K	$1.1M	10x
Binance SPCXUSDT	+0.0215%	8h	152.68	−0.007%	$256.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.67	−0.012%	$715K	$3.6M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	+0.013%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.74	+0.035%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.71	+0.013%	$371K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.62	−0.046%	$106K	$296K	5x	as long as short
edgeX SPCXUSDC	+0.0303%	4h	152.69	0.000%	$1.7M	$892K	20x	as long as short
Nado SPCX-PERP	+0.0304%	1h	152.55	−0.091%	$625K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0343%	8h	152.70	+0.007%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.73	+0.026%	$393K	$539K	20x	as long as short