Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0471%/8h= +51.5% APRpaid last 24h +0.039%

Price spread now: Deribit against Paradex−0.013%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SPCX-USD-PERP	152.34	0.0133	pay 0.0133% / 8h	1h 03m	$101	—	5x
Short	Deribit SPCX_USDC-PERPETUAL	152.32	0.0604	get 0.0076% / 1h	3m 04s	$90K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.013%Rate

Funding earned: $98.86
Price spread: −0.013% → 0.000%: −$1.27
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $86.59
Costs to cover: 0.110%
Break-even: 0.9 days

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 1 min ago	4.59 bp	9.6 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit

Paradex: 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 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 −0.0234% / S +0.0471%	1h	152.26	−0.049%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.33	−0.006%	$96.2M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.38	+0.027%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.254%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.36	+0.014%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.61	+0.178%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.45	+0.073%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.35	+0.007%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0027%	8h	152.40	+0.040%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.30	−0.028%	$7K	$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 RH SPCX	+0.0032%	1h	152.28	−0.039%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.33	−0.006%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.28	−0.039%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.28	−0.039%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.31	−0.019%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.35	+0.007%	$530K	$376K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.16	−0.118%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.38	+0.027%	$392K	$507K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.25	−0.059%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.22	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.40	+0.040%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.38	+0.027%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.34	+0.003%	$88	—	10x	as long as short
edgeX SPCXUSDC	+0.0116%	4h	152.36	+0.011%	$1.7M	$892K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0123%	1h	152.27	−0.045%	$130.0M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.38	+0.026%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERPlong	+0.0133%	8h	152.34	long leg	$101	—	5x
Extended SPCX-USD	+0.0144%	1h	152.30	−0.028%	$724K	$3.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0146%	1h	152.32	−0.013%	$487K	$1.2M	10x	as long as short
Binance SPCXUSDT	+0.0147%	8h	152.34	0.000%	$251.9M	$1.36B	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.29	−0.032%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.37	+0.020%	$39.5M	$166.5M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	−0.039%	$732K	$923K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	+0.027%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.20	−0.089%	$626K	$805K	20x	as long as short
Bullet SPCX-USD	+0.0301%	1h	152.35	+0.009%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0408%	8h	152.46	+0.079%	$18.9M	$29.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.283%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0604%	1h	152.32	−0.013%	$90K	$1.3M	10x