Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h +0.008%

Price spread now: QFEX against OKX−0.039%54s7-day average −0.038% · 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−$260.255% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.039%, 7d avg −0.038%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 54 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	152.95	0.0193	pay 0.0193% / 8h	22m 38s	$39.0M	$169.4M	75x
Short	QFEX SPCX-USD	152.89	0.0052	get 0.0007% / 1h	22m 38s	$1.2M	$7.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$29.56
Price spread: −0.039% → −0.038%: −$0.17
Slippage, 4 orders: −$5.54
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$55.27
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; QFEX: live order book, 6 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, 1 min ago	0.33 bp	5.5 bp −$6	6.8 bp −$68	16.2 bp −$1,618	doesn't fit
Sell QFEX live order book, 6 min ago	2.29 bp	7.3 bp −$7	7.3 bp −$73	20.0 bp −$1,999	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 −0.0276% / S +0.0491%	1h	152.88	−0.042%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	−0.020%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.791%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	−0.085%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.098%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.91	−0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.82	−0.086%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.87	−0.052%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.811%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.86	−0.059%	$105K	$297K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.88	−0.046%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.88	−0.046%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	−0.026%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.86	−0.059%	$536K	$409K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.77	−0.118%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USDshort	+0.0052%	1h	152.89	−0.039%	$1.2M	$7.7M	10x
BloFin SPCX-USDT	+0.0076%	8h	152.94	−0.007%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0080%	1h	152.91	−0.026%	$1.6M	$7.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	152.91	−0.027%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.83	−0.078%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.81	−0.092%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.93	−0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	−0.003%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0115%	4h	152.92	−0.021%	$1.7M	$892K	20x	as long as short
Bullet SPCX-USD	+0.0138%	1h	152.93	−0.013%	$11K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0149%	8h	152.95	0.000%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0173%	8h	152.92	−0.021%	$6.0M	$3.5M	—	as long as short
Extended SPCX-USD	+0.0192%	1h	152.91	−0.025%	$734K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0193%	8h	152.95	long leg	$39.0M	$169.4M	75x
Binance SPCXUSDT	+0.0196%	8h	152.94	−0.008%	$253.2M	$1.39B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0254%	1h	152.89	−0.039%	$143.5M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.92	−0.020%	$446K	$269K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.88	−0.046%	$71K	$1.0M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.013%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0290%	1h	152.81	−0.088%	$602K	$884K	20x	as long as short
Aster SPCXUSD1	+0.0291%	8h	153.01	+0.039%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0308%	8h	152.94	−0.007%	$31.2M	$67.3M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.98	+0.020%	$403K	$539K	20x	as long as short