Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.001%

Price spread now: Vest against Phemex−0.026%7-day average −0.047% · you buy dearer than you sell

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

Long on Phemex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.026%, 7d avg −0.047%

Together, before fees+0.149%+ Points / potential airdropVest: Active · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.021% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.047%.

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 20m	$532K	$392K	50x
Short	Vest SPCX-USD-PERP	152.43	0.0046	get 0.0006% / 1h	20m 42s	—	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$0.91
Price spread: −0.026% → −0.047%: $2.1
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$12.8
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 32 min ago; Vest: no order-book sample. 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 Phemex live order book, 32 min ago	1.63 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 −0.0265% / S +0.0494%	1h	152.34	−0.089%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.42	−0.033%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.50	+0.020%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.158%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.43	−0.026%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.62	+0.098%	$8K	$920K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.49	+0.013%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.43	−0.026%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0024%	8h	152.45	−0.013%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.37	−0.067%	$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	152.33	−0.092%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	−0.072%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERPshort	+0.0046%	1h	152.43	−0.026%	—	$1.2M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	−0.033%	$495K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.43	−0.026%	$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	152.15	−0.210%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.39	−0.052%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.43	−0.023%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.36	−0.072%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.36	−0.072%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.33	−0.092%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.34	−0.085%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.40	−0.046%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	−0.054%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.45	−0.014%	$6.0M	$2.9M	—	as long as short
tradeXYZ xyz:SPCX	+0.0141%	1h	152.30	−0.111%	$131.3M	$128.1M	20x	as long as short
Binance SPCXUSDT	+0.0143%	8h	152.44	−0.020%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.40	−0.045%	$732K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	152.45	−0.013%	$39.4M	$166.3M	75x	as long as short
Nado SPCX-PERP	+0.0209%	1h	152.36	−0.071%	$613K	$802K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.45	−0.013%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0218%	1h	152.46	−0.005%	$12K	$192K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.020%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.41	−0.039%	$443K	$264K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0275%	1h	152.40	−0.046%	$86K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0419%	8h	152.47	−0.002%	$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 SPCXUSDC	+0.0955%	4h	152.36	−0.070%	$1.7M	$892K	20x	as long as short