Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.022%

Price spread now: Aster against QFEX+0.075%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.075%, 7d avg +0.053%

Together, before fees−0.015%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aster is 0.021% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.053%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.019% in total (about 2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SPCX-USD	152.98	0.0048	pay 0.0006% / 1h	34m 09s	$1.2M	$6.5M	10x
Short	Aster SPCXUSD1	153.09	0.0405	get 0.0405% / 8h	5h 34m	$19.0M	$17.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.075%Rate

Funding earned: $74.79
Price spread: +0.075% → +0.053%: $2.13
Slippage, 4 orders: −$3.27
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $55.65
Costs to cover: 0.213%
Break-even: 1.8 days

Slippage from QFEX: live order book, 5 min ago; Aster: 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 QFEX live order book, 5 min ago	1.31 bp	6.3 bp −$6	10.8 bp −$108	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.33 bp	4.3 bp −$4	8.3 bp −$83	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 −0.0333% / S +0.0531%	1h	153.00	+0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.00	+0.013%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.08	+0.065%	$31.7M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.778%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.046%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.144%	$8K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	+0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.97	−0.007%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.95	−0.020%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−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
Bybit SPCXUSDT	+0.0033%	8h	153.01	+0.020%	$30.8M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.98	0.000%	—	$1.2M	10x	as long as short
QFEX SPCX-USDlong	+0.0048%	1h	152.98	long leg	$1.2M	$6.5M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	+0.020%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.01	+0.020%	$534K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−0.085%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.02	+0.026%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0073%	8h	153.04	+0.037%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.039%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.92	−0.039%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	+0.010%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0141%	1h	153.04	+0.039%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0173%	8h	153.00	+0.010%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	153.04	+0.039%	$39.5M	$167.7M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.00	+0.012%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	152.98	0.000%	$142.1M	$119.4M	20x	as long as short
Binance SPCXUSDT	+0.0187%	8h	153.04	+0.039%	$252.7M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0196%	1h	152.90	−0.050%	$622K	$831K	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.03	+0.034%	$408K	$549K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.020%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	+0.026%	$445K	$267K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.96	−0.013%	$73K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0344%	4h	153.00	+0.012%	$1.7M	$892K	20x	as long as short
Aster SPCXUSD1short	+0.0405%	8h	153.09	+0.075%	$19.0M	$17.1M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.196%	$9K	$27K	5.5x	as long as short