Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0175%/8h= +19.2% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against Paradex−0.016%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 tradeXYZ

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 · tradeXYZ: 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: +$5 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	152.93	0.0079	pay 0.0079% / 8h	36m 01s	$101	—	5x
Short	tradeXYZ xyz:SPCX	152.91	0.0254	get 0.0032% / 1h	36m 01s	$143.5M	$118.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.016%Rate

Funding earned: $36.75
Price spread: −0.016% → 0.000%: −$1.56
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $13.2
Costs to cover: 0.220%
Break-even: 4.5 days

Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	0.33 bp	9.3 bp −$9	9.6 bp −$96	12.3 bp −$1,225	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 −0.0272% / S +0.0488%	1h	152.94	+0.001%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.91	−0.016%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.802%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.035%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.19	+0.168%	$8K	$971K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	+0.030%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.96	+0.014%	$8K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	−0.029%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.822%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.88	−0.035%	$106K	$296K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SPCXUSDC	+0.0041%	4h	152.97	+0.026%	$1.7M	$892K	20x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.90	−0.022%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.90	−0.022%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.92	−0.009%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.94	+0.004%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.93	−0.002%	$537K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.90	−0.022%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.91	−0.016%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0073%	8h	152.95	+0.011%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERPlong	+0.0079%	8h	152.93	long leg	$101	—	5x
Pacifica SPCX	+0.0100%	1h	152.86	−0.048%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.82	−0.074%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	+0.050%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.98	+0.030%	$15K	$7K	10x	as long as short
Bullet SPCX-USD	+0.0104%	1h	152.95	+0.011%	$11K	$188K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.018%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0142%	8h	152.95	+0.011%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0173%	8h	152.94	+0.002%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0189%	8h	152.94	+0.004%	$39.0M	$169.3M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.88	−0.036%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0192%	8h	152.90	−0.020%	$253.7M	$1.38B	75x	as long as short
tradeXYZ xyz:SPCXshort	+0.0254%	1h	152.91	−0.016%	$143.5M	$118.5M	20x
Phoenix SPCX	+0.0261%	1h	152.96	+0.017%	$446K	$269K	15x	as long as short
Aster SPCXUSD1	+0.0279%	8h	153.00	+0.043%	$19.0M	$21.3M	20x	as long as short
Nado SPCX-PERP	+0.0279%	1h	152.83	−0.067%	$602K	$884K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.024%	$733K	$970K	10x	as long as short
Bitget SPCXUSDT	+0.0306%	8h	152.94	+0.004%	$31.2M	$67.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.92	−0.009%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.02	+0.056%	$403K	$538K	20x	as long as short