Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.017%

Price spread now: Injective against OKX+0.052%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.052% dearer against OKX than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPCX-USDT-SWAP	152.70	0.0077	pay 0.0077% / 8h	5h 28m	$39.5M	$168.5M	75x
Short	Injective SPCX/USDC PERP	152.78	0.0033	get 0.0004% / 1h	28m 45s	$9K	$28K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.052%Rate

Funding earned: −$9.14
Price spread: +0.052% → 0.000%: $5.24
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$13.92
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; Injective: no order-book sample. 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 OKX live order book, 3 min ago	0.33 bp	5.4 bp −$5	7.2 bp −$72	12.8 bp −$1,275	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 38 exchanges

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	152.56	−0.088%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0075%	8h	152.67	−0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.69	−0.007%	$30.0M	$43.2M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	−0.033%	$96.3M	$32.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.71	+0.007%	$31.0M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	−0.020%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.105%	$8K	$816K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.56	−0.092%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.73	+0.020%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0010%	8h	152.62	−0.053%	$5.9M	$2.7M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0020%	1h	152.61	−0.057%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0030%	1h	152.60	−0.065%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.61	−0.059%	$1.6M	$7.5M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	−0.079%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERPshort	+0.0033%	1h	152.78	+0.052%	$9K	$28K	5.5x
Arcus SPCX-USD	+0.0040%	1h	152.56	−0.092%	$103K	$292K	5x	as long as short
Binance SPCXUSDT	+0.0044%	8h	152.68	−0.013%	$251.7M	$1.38B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.085%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.63	−0.046%	$728K	$5.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.55	−0.098%	$128.3M	$129.9M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	−0.052%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.61	−0.059%	$532K	$371K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.65	−0.033%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.55	−0.098%	$3.0M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.69	−0.004%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0077%	8h	152.70	long leg	$39.5M	$168.5M	75x
Bullet SPCX-USD	+0.0087%	1h	152.66	−0.026%	$12K	$191K	10x	as long as short
Polymarket Perps SPCX-USD	+0.0100%	1h	152.64	−0.039%	$486K	$1.1M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.55	−0.098%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.55	−0.098%	$13.0M	$6.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.66	−0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	−0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.59	−0.071%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0109%	1h	152.57	−0.085%	$633K	$805K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	0.000%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.66	−0.026%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.79	+0.059%	$19.0M	$30.6M	20x	as long as short
edgeX SPCXUSDC	+0.0860%	4h	152.62	−0.054%	$1.7M	$891K	20x	as long as short