Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0161%/8h= −17.7% APRpaid last 24h −0.024%

Price spread now: KuCoin against Phoenix−0.046%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Phoenix Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.046%, 7d avg −0.057%

Together, before fees−0.225%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, 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	Phoenix SPCX	152.90	0.0261	pay 0.0033% / 1h	47m 23s	$444K	$264K	15x
Short	KuCoin SPCXUSDTM	152.83	0.0100	get 0.0100% / 8h	3h 47m	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phoenix. 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 PhoenixbpFee KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$33.9
Price spread: −0.046% → −0.057%: $1.14
Slippage, 4 orders: −$20.12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.89
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Phoenix: live order book, 5 min ago; KuCoin: live order book, 1 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 Phoenix live order book, 5 min ago	0.33 bp	7.5 bp −$8	23.4 bp −$234	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	0.65 bp	16.9 bp −$17	43.4 bp −$434	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 −0.0214% / S +0.0456%	1h	152.88	−0.016%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.89	−0.007%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.95	+0.033%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.837%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	−0.007%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.14	+0.157%	$8K	$934K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.96	+0.039%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0012%	8h	152.94	+0.026%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	−0.025%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.84	−0.039%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0034%	8h	152.91	+0.007%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.82	−0.052%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	−0.026%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.86	−0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.87	−0.020%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.90	0.000%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.72	−0.118%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.90	0.000%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.92	+0.014%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.80	−0.065%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.83	−0.046%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	−0.085%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.90	+0.001%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0114%	4h	152.86	−0.029%	$1.7M	$893K	20x	as long as short
Variational Omni SPCX	+0.0138%	8h	152.91	+0.005%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.87	−0.020%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.88	−0.014%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0154%	8h	152.92	+0.013%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.92	+0.013%	$39.7M	$166.1M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.94	+0.023%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	0.000%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0254%	1h	152.78	−0.077%	$615K	$810K	20x	as long as short
Phoenix SPCXlong	+0.0261%	1h	152.90	long leg	$444K	$264K	15x
Bullet SPCX-USD	+0.0281%	1h	152.93	+0.020%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0293%	1h	152.87	−0.020%	$141.3M	$119.2M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0404%	1h	152.89	−0.007%	$84K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0426%	8h	153.02	+0.077%	$18.9M	$22.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.222%	$9K	$28K	5.5x	as long as short