Funding arb · Price arb / RWA

SPCX

RWAAll SPCX markets →

LONGPopdex▾edgeX −0.0168%QFEX −0.0030%Aster 0.0000%KuCoin 0.0000%StandX 0.0000%SunX 0.0000%Vest Markets +0.0046%Polymarket Perps +0.0050%Phemex +0.0050%Ondo Perps +0.0050%Aftermath Perps +0.0065%ApeX Omni +0.0100%Reya +0.0100%Aevo +0.0104%Orderly +0.0126%AZverse +0.0137%TxFlow +0.0149%Avantis +0.0154%Gate +0.0171%Nado +0.0182%Paradex +0.0182%Bybit +0.0198%Lighter RH +0.0200%Lighter +0.0224%Arcus +0.0231%Variational Omni +0.0291%Popdex +0.0304%Bitget +0.0306%BingX +0.0319%SoDEX +0.0324%Pacifica +0.0334%OKX +0.0336%Extended +0.0336%MEXC +0.0337%Binance +0.0340%GRVT +0.0372%Backpack +0.0417%Deribit +0.0426%Injective +0.0440%BloFin +0.0456%HTX +0.0471%Kraken Futures +0.0479%RISEx +0.0521%GMX +0.0577%Phoenix +0.0647%Bullet +0.0729%

⇄⇅

SHORTtradeXYZ▾Bullet +0.0729%Phoenix +0.0647%RISEx +0.0521%Kraken Futures +0.0479%HTX +0.0471%BloFin +0.0456%Injective +0.0440%Deribit +0.0426%Backpack +0.0417%GRVT +0.0372%Binance +0.0340%MEXC +0.0337%Extended +0.0336%OKX +0.0336%Pacifica +0.0334%SoDEX +0.0324%BingX +0.0319%Bitget +0.0306%Variational Omni +0.0291%Arcus +0.0231%Lighter +0.0224%Lighter RH +0.0200%Bybit +0.0198%GMX −0.0183%Paradex +0.0182%Nado +0.0182%Gate +0.0171%TxFlow +0.0149%AZverse +0.0137%Orderly +0.0126%Avantis −0.0117%Aevo +0.0104%ApeX Omni +0.0100%Reya +0.0100%tradeXYZ +0.0095%Aftermath Perps +0.0065%Ondo Perps +0.0050%Polymarket Perps +0.0050%Phemex +0.0050%Vest Markets +0.0046%Aster 0.0000%KuCoin 0.0000%StandX 0.0000%SunX 0.0000%QFEX −0.0030%edgeX −0.0168%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexSPCXUSDT	148.22	+0.0304	pay 0.0038% / 1h	46m 24s	$414K	$175K	20x	Long Popdex
SHORT	tradeXYZxyz:SPCX	147.86	+0.0095	get 0.0012% / 1h	46m 24s	$155.0M	$37.0M	20x	Short tradeXYZ

Price gap−0.243%

Funding gap−0.0209% /8h

Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.082% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.030% in total, about −0.0014%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.243%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

PopdextradeXYZ

SPCX on 47 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

• ✓
  OK: Fits both order books5.9 / 2.1 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$500 + $500

  Popdex 20x, tradeXYZ 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Popdex · 1h−$9.12

  Short tradeXYZ · 1h+$2.86

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$6.26Long Popdex: 24 payments, −$9.12; short tradeXYZ: 24 payments, +$2.86.
• !
  Watch: Gap narrower than usual−0.243% vs −0.161%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$414K vs $155.0M OI

  Popdex sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legtradeXYZ points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legPopdex No · tradeXYZ No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0014%/8h × 21 periods−$2.99

Price spread−0.243% → −0.161% (7d avg)−$8.17

Slippage, 4 orderslive order books−$5.77

Fee Popdex bp × 2 orders−$6.40

Fee tradeXYZ bp × 2 orders−$1.80

Net · 7 days · $10k−$25.13

Costs to cover0.140%Break-evennever at this rate

Slippage: Popdex: live order book, 66 min ago; tradeXYZ: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPopdex1.005.9 bp−$69.1 bp−$91doesn’t fitdoesn’t fit

SELL · SHORTtradeXYZ0.342.1 bp−$22.6 bp−$266.8 bp−$67919.3 bp−$9,663

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

SPCX news

posts that mention SPCX, from every exchangeSearch all news →

10-26 08:00	HTX	Other	US earnings season is here: - Trade popular US Stock Futures, including SNDK, SPCX, NVDA, META, and TSLAX. - Unlock lucky draw entries - ZXMOTO | iPhone Duo | Alienware Laptop | Unitree Robot Dog up for grabs Join Now -> @HTX_Global on X ↗
10-23 19:31	Vest Markets	Other	Trade $SPCX volatility with a Vest Capital funded account and access up to $50k in trading capital: @VestExchange on X ↗
10-23 19:31	Vest Markets	Other	SpaceX is reported to be in talks for at least 80,000 US cell sites, with $SPCX up around 1.4% on today's session. The talks, reported by Bloomberg, include Crown Castle and come weeks after SpaceX acquired low-band spectrum for its wireless plans. Phillip Securities double-upgraded $SPCX to Buy from Sell today, with the stock rebounding from Thursday's ~9% decline. @VestExchange on X ↗
10-23 17:52	ApeX Omni	Other	$193bn of $SPCX stock came free to sell on Thursday. @elonmusk could not sell a single share of it. Why the stock fell 9% anyway👇 @OfficialApeXdex on X ↗
10-23 12:16	SoDEX	Points	🎉 Happy Points Day! Layer1 Season Week 7 points are LIVE! 🚀 SoDEX Open Interest Hits $309.53M! 🔥 Another milestone unlocked! From $270M to over $309M — thank you to our growing trading community! 🧡 ⚡ Week 8 Bonus: Trade ZEC-USD, NEAR-USD, TSLA-USD, META-USD, CL-USD, SPCX-USD, QNT-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗
10-23 12:15	SoDEX	Points	🎉 Happy Points Day! Layer1 Season Week 7 points are LIVE! 🚀 SoDEX Open Interest Hits $309.53M! 🔥 Another milestone unlocked! From $270M to over $309M — thank you to our growing trading community! 🧡 ⚡ Week 8 Bonus: Trade ZEC-USD, NEAR-USD, TSLA-USD, META-USD, CL-USD, SPCX-USD, QNT-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗