Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h −0.004%

Price spread now: Extended against Phemex−0.023%7-day average +0.037% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now −0.023%, 7d avg +0.037%

Together, before fees+0.201%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.061% cheaper against Phemex than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.037%). If the spread goes back, that is −$6 on $10k: about 28 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.095% in total) that is about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.94	0.0050	pay 0.0050% / 8h	7h 33m	$534K	$414K	50x
Short	Extended SPCX-USD	152.90	0.0224	get 0.0028% / 1h	33m 56s	$732K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.023%Rate

Funding earned: $36.54
Price spread: −0.023% → +0.037%: −$6.06
Slippage, 4 orders: −$16.35
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$2.87
Costs to cover: 0.333%
Break-even: 7.5 days

Slippage from Phemex: live order book, 38 min ago; Extended: live order book, 5 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, 38 min ago	0.65 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.65 bp	3.2 bp −$3	5.8 bp −$58	doesn't fit	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 −0.0309% / S +0.0515%	1h	152.91	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.91	−0.020%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.800%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.085%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.209%	$8K	$959K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	0.000%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.92	−0.015%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.86	−0.052%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.818%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	152.87	−0.046%	$1.6M	$7.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.90	−0.026%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	−0.020%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.94	long leg	$534K	$414K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.065%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.90	−0.026%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0065%	1h	152.89	−0.033%	$488K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	152.95	+0.006%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.84	−0.065%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.97	+0.020%	$15K	$7K	10x	as long as short
BloFin SPCX-USDT	+0.0102%	8h	152.97	+0.020%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	0.000%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0172%	8h	152.95	+0.007%	$30.7M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.89	−0.033%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	152.93	−0.007%	$39.2M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	−0.012%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0222%	8h	152.94	−0.001%	$252.9M	$1.38B	75x	as long as short
Extended SPCX-USDshort	+0.0224%	1h	152.90	−0.023%	$732K	$3.7M	10x
Nado SPCX-PERP	+0.0226%	1h	152.82	−0.078%	$603K	$852K	20x	as long as short
Bullet SPCX-USD	+0.0250%	1h	152.93	−0.006%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0252%	1h	152.89	−0.033%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.94	0.000%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0326%	8h	152.95	+0.007%	$31.2M	$66.4M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.96	+0.013%	$733K	$981K	10x	as long as short
Aster SPCXUSD1	+0.0345%	8h	153.02	+0.054%	$19.0M	$18.4M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	152.98	+0.026%	$401K	$535K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.91	−0.020%	$71K	$1.1M	10x	as long as short
edgeX SPCXUSDC	+0.0623%	4h	152.94	−0.001%	$1.7M	$893K	20x	as long as short