Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.009%

Price spread now: Binance against Pacifica+0.059%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.059%, 7d avg +0.068%

Together, before fees−0.253%+ Points / potential airdropPacifica: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SPCX	152.99	0.0100	pay 0.0013% / 1h	48m 31s	$169K	$130K	10x
Short	Binance SPCXUSDT	153.08	0.0168	get 0.0168% / 8h	4h 48m	$252.4M	$1.37B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.059%Rate

Funding earned: $14.28
Price spread: +0.059% → +0.068%: −$0.92
Slippage, 4 orders: −$5.4
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.04
Costs to cover: 0.234%
Break-even: 11.9 days

Slippage from Pacifica: live order book, 9 min ago; Binance: live order book, 11 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 Pacifica live order book, 9 min ago	0.33 bp	5.4 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.33 bp	5.3 bp −$5	6.0 bp −$60	10.7 bp −$1,069	23.0 bp −$11.5K

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 −0.0314% / S +0.0531%	1h	153.04	+0.036%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.06	+0.046%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	+0.046%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.09	+0.065%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.769%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.02	+0.020%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.176%	$8K	$936K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	+0.033%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	+0.065%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.04	+0.031%	$8K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	153.04	+0.033%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	0.000%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	+0.013%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.10	+0.072%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	+0.039%	$1.2M	$6.3M	10x	as long as short
BloFin SPCX-USDT	+0.0049%	8h	153.08	+0.059%	$1.9M	$1.4M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.01	+0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	+0.046%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	+0.065%	$533K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.052%	$3.2M	$2.5M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0062%	1h	153.02	+0.020%	$141.4M	$119.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	153.07	+0.053%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0071%	1h	153.08	+0.058%	$11K	$192K	10x	as long as short
Pacifica SPCXlong	+0.0100%	1h	152.99	long leg	$169K	$130K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	+0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.072%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.07	+0.052%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0130%	1h	153.01	+0.014%	$617K	$826K	20x	as long as short
Variational Omni SPCX	+0.0158%	8h	153.07	+0.051%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0162%	8h	153.08	+0.059%	$39.4M	$167.0M	75x	as long as short
Extended SPCX-USD	+0.0168%	1h	153.03	+0.028%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDTshort	+0.0168%	8h	153.08	+0.059%	$252.4M	$1.37B	75x
edgeX SPCXUSDC	+0.0169%	4h	153.08	+0.059%	$1.7M	$892K	20x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.11	+0.079%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.033%	$738K	$964K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	+0.059%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0412%	8h	153.14	+0.100%	$19.0M	$18.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.216%	$9K	$27K	5.5x	as long as short