Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0589%/8h= +64.5% APRpaid last 24h −0.035%

Price spread now: edgeX against Phemex+0.060%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.742%+$74 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.060%, 7d avg +0.056%

Together, before fees+0.792%+ Points / potential airdropedgeX: Active · farm board+$79 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.47	0.0050	pay 0.0050% / 8h	3h 24m	$532K	$392K	50x
Short	edgeX SPCXUSDC	152.56	0.0639	get 0.0320% / 4h	3h 24m	$1.7M	$891K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $123.69
Price spread: +0.060% → +0.056%: $0.46
Slippage, 4 orders: −$28.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $74.39
Costs to cover: 0.498%
Break-even: 2.8 days

Slippage from Phemex: live order book, 27 min ago; edgeX: live order book, 4 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 Phemex live order book, 27 min ago	1.63 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	1.64 bp	6.1 bp −$6	7.3 bp −$73	20.8 bp −$2,082	doesn't fit

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 −0.0265% / S +0.0494%	1h	152.37	−0.069%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.44	−0.020%	$96.2M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	0.000%	$31.4M	$65.7M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.156%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.57	+0.066%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.82	+0.230%	$8K	$922K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.55	+0.052%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0019%	8h	152.45	−0.013%	$30.6M	$42.7M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0032%	1h	152.50	+0.018%	$7K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0032%	8h	152.50	+0.020%	$1.9M	$1.3M	75x	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	152.37	−0.066%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	+0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.49	+0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	−0.033%	$494K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.42	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.47	long leg	$532K	$392K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.44	−0.020%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.47	0.000%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.51	+0.029%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.40	−0.046%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.41	−0.039%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.43	−0.026%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	+0.092%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	+0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.47	+0.002%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.53	+0.037%	$6.0M	$2.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0152%	8h	152.43	−0.026%	$39.4M	$166.2M	75x	as long as short
Binance SPCXUSDT	+0.0152%	8h	152.47	+0.001%	$249.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.43	−0.028%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0172%	1h	152.34	−0.085%	$134.8M	$125.3M	20x	as long as short
Nado SPCX-PERP	+0.0213%	1h	152.41	−0.037%	$612K	$799K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.55	+0.052%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0226%	1h	152.46	−0.004%	$12K	$193K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.020%	$739K	$944K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.53	+0.039%	$443K	$264K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0275%	1h	152.43	−0.026%	$85K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0429%	8h	152.58	+0.070%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.472%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDCshort	+0.0639%	4h	152.56	+0.060%	$1.7M	$891K	20x