Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0760%/8h= +83.2% APRpaid last 24h +0.008%

Price spread now: edgeX against QFEX−0.012%57s7-day average +0.012% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.249% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.445%+$44 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.012%, 7d avg +0.012%

Together, before fees+0.471%+ Points / potential airdropedgeX: Active · farm board+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.024% cheaper against QFEX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.012%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$23 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SPCX-USD	152.95	0.0063	pay 0.0008% / 1h	32m 08s	$1.2M	$7.4M	10x
Short	edgeX SPCXUSDC	152.93	0.0823	get 0.0412% / 4h	3h 32m	$1.7M	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $159.55
Price spread: −0.012% → +0.012%: −$2.42
Slippage, 4 orders: −$5.89
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $132.25
Costs to cover: 0.249%
Break-even: 1.2 days

Slippage from QFEX: live order book, 7 min ago; edgeX: live order book, 2 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, 7 min ago	1.31 bp	6.3 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	1.63 bp	6.1 bp −$6	7.0 bp −$70	22.2 bp −$2,217	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 −0.0311% / S +0.0516%	1h	153.00	+0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.00	+0.033%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.793%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	−0.085%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.203%	$8K	$957K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.91	−0.026%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.96	+0.007%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.811%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.013%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	152.97	+0.013%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.026%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	+0.059%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.072%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USDlong	+0.0063%	1h	152.95	long leg	$1.2M	$7.4M	10x
Polymarket Perps SPCX-USD	+0.0064%	1h	152.97	+0.013%	$489K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	153.00	+0.033%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.88	−0.046%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.02	+0.046%	$15K	$7K	10x	as long as short
BloFin SPCX-USDT	+0.0103%	8h	152.94	−0.007%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	+0.043%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0175%	8h	153.04	+0.059%	$30.8M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.89	−0.039%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	153.04	+0.059%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	−0.019%	$6.0M	$3.5M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.97	+0.013%	$71K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0223%	8h	153.04	+0.059%	$253.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.00	+0.032%	$737K	$3.9M	10x	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.88	−0.045%	$603K	$851K	20x	as long as short
Bullet SPCX-USD	+0.0250%	1h	153.02	+0.043%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	153.00	+0.033%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.93	−0.013%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0320%	8h	153.05	+0.065%	$31.2M	$66.3M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	+0.039%	$731K	$979K	10x	as long as short
Aster SPCXUSD1	+0.0346%	8h	153.06	+0.074%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.03	+0.049%	$401K	$535K	20x	as long as short
edgeX SPCXUSDCshort	+0.0823%	4h	152.93	−0.012%	$1.7M	$893K	20x