Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h −0.034%

Price spread now: BloFin against Pacifica+0.092%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.092%, 7d avg +0.062%

Together, before fees−0.357%+ Points / potential airdropPacifica: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.030% dearer against Pacifica than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.062%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SPCX	152.17	0.0100	pay 0.0013% / 1h	51m 04s	$168K	$118K	10x
Short	BloFin SPCX-USDT	152.31	−0.0011	pay 0.0011% / 8h	7h 51m	$1.9M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$23.26
Price spread: +0.092% → +0.062%: $3.04
Slippage, 4 orders: −$5.57
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.79
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Pacifica: live order book, 47 min ago; BloFin: live order book, 2 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, 47 min ago	0.33 bp	6.8 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.33 bp	6.3 bp −$6	6.3 bp −$63	10.2 bp −$1,018	18.4 bp −$9,203

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	152.21	+0.023%	$90K	—	20x	as long as short
BloFin SPCX-USDTshort	−0.0011%	8h	152.31	+0.092%	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.29	+0.079%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.26	+0.059%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.31	+0.092%	$31.0M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.32	+0.099%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.55	+0.250%	$8K	$862K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.138%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.26	+0.059%	$87K	$1.4M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.21	+0.024%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SPCX-USD	+0.0031%	1h	152.30	+0.085%	$11K	$192K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.24	+0.046%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.22	+0.033%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.25	+0.053%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.21	+0.026%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.28	+0.072%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.21	+0.026%	$129.9M	$129.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.19	+0.013%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.25	+0.053%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.25	+0.053%	$530K	$367K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.12	−0.033%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	152.26	+0.060%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0082%	1h	152.20	+0.022%	$635K	$815K	20x	as long as short
Variational Omni SPCX	+0.0095%	8h	152.32	+0.098%	$5.9M	$2.8M	—	as long as short
Pacifica SPCXlong	+0.0100%	1h	152.17	long leg	$168K	$118K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.007%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.38	+0.138%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.29	+0.079%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.25	+0.056%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0109%	8h	152.27	+0.067%	$253.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.23	+0.039%	$723K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0124%	8h	152.32	+0.099%	$39.5M	$167.2M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.31	+0.089%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.18	+0.007%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.026%	$693K	$992K	10x	as long as short
edgeX SPCXUSDC	+0.0311%	4h	152.31	+0.094%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0380%	8h	152.39	+0.144%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.263%	$9K	$28K	5.5x	as long as short