Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.010%

Price spread now: Pacifica against OKX−0.098%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.098%, 7d avg −0.054%

Together, before fees+0.089%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.045% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, 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	0.0117	pay 0.0117% / 8h	2h 14m	$39.5M	$166.4M	75x
Short	Pacifica SPCX	152.55	0.0100	get 0.0013% / 1h	14m 32s	$169K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.098%Rate

Funding earned: −$3.57
Price spread: −0.098% → −0.054%: −$4.46
Slippage, 4 orders: −$5.57
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$31.61
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Pacifica: live order book, 33 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 OKX live order book, 4 min ago	0.33 bp	5.3 bp −$5	6.8 bp −$68	13.0 bp −$1,297	doesn't fit
Sell Pacifica live order book, 33 min ago	0.33 bp	6.8 bp −$7	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.53	−0.108%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0012%	8h	152.63	−0.046%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.67	−0.020%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	−0.046%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.69	−0.007%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.986%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	−0.026%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.111%	$8K	$901K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.69	−0.007%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.59	−0.072%	$88K	$1.3M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0019%	1h	152.56	−0.092%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.59	−0.072%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.085%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.56	−0.092%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.61	−0.059%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.64	−0.039%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.56	−0.092%	$130.8M	$128.8M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	−0.065%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.59	−0.072%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	−0.052%	$531K	$386K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.151%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.65	−0.034%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0076%	4h	152.65	−0.031%	$1.7M	$893K	20x	as long as short
Variational Omni SPCX	+0.0097%	8h	152.63	−0.046%	$6.0M	$2.8M	—	as long as short
Pacifica SPCXshort	+0.0100%	1h	152.55	−0.098%	$169K	$118K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.118%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	−0.059%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.64	−0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.62	−0.053%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0107%	1h	152.59	−0.072%	$612K	$802K	20x	as long as short
Binance SPCXUSDT	+0.0107%	8h	152.66	−0.027%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.61	−0.062%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0117%	8h	152.70	long leg	$39.5M	$166.4M	75x
Bullet SPCX-USD	+0.0140%	1h	152.63	−0.043%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.69	−0.010%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.62	−0.052%	$732K	$932K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.65	−0.033%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0365%	8h	152.69	−0.010%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	0.000%	$9K	$28K	5.5x	as long as short