Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against Orderly−0.177%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.177% cheaper against Orderly than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPCX_USDC_mythos	152.87	0.0100	pay 0.0100% / 8h	6h 57m	$15K	$7K	10x
Short	tradeXYZ xyz:SPCX	152.60	0.0050	get 0.0006% / 1h	57m 27s	$129.5M	$130.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Orderly. 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 OrderlybpFee tradeXYZbpOrdersPrice spread, now −0.177%Rate

Funding earned: −$10.5
Price spread: −0.177% → 0.000%: −$17.66
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$52.16
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 12 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 12 min ago	0.65 bp	9.7 bp −$10	10.9 bp −$109	15.5 bp −$1,545	doesn't fit

Orderly: 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 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	152.75	−0.082%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0024%	8h	152.76	−0.072%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.75	−0.078%	$30.5M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.74	−0.085%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.81	−0.039%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	−0.105%	$305K	$2.6M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	152.88	+0.005%	$11K	$191K	10x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.164%	$8K	$841K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.86	−0.007%	$82K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.90	+0.020%	$1.3M	$1.7M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0014%	1h	152.68	−0.126%	$7K	$7K	10x	as long as short
Nado SPCX-PERP	+0.0015%	1h	152.72	−0.100%	$634K	$810K	20x	as long as short
QFEX SPCX-USD	+0.0031%	1h	152.71	−0.105%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.68	−0.124%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.65	−0.144%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.68	−0.124%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.79	−0.052%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0050%	1h	152.60	−0.177%	$129.5M	$130.3M	20x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.75	−0.078%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.82	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.83	−0.026%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.67	−0.131%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.69	−0.115%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.78	−0.058%	$382K	$507K	20x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.78	−0.061%	$5.9M	$2.7M	—	as long as short
Binance SPCXUSDT	+0.0095%	8h	152.75	−0.076%	$252.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.71	−0.105%	$723K	$5.4M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.66	−0.137%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.63	−0.157%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.84	−0.020%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	152.87	long leg	$15K	$7K	10x
OKX SPCX-USDT-SWAP	+0.0102%	8h	152.79	−0.052%	$39.4M	$168.8M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.83	−0.026%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.67	−0.131%	$687K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.73	−0.092%	$449K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.90	+0.022%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	−0.059%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0849%	4h	152.77	−0.063%	$1.7M	$888K	20x	as long as short