Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.020%

Price spread now: Orderly against QFEX+0.013%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SPCX-USD	153.02	0.0048	pay 0.0006% / 1h	11m 22s	$1.2M	$6.5M	10x
Short	Orderly PERP_SPCX_USDC_mythos	153.04	0.0100	get 0.0100% / 8h	5h 11m	$15K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.013%Rate

Funding earned: $10.84
Price spread: +0.013% → 0.000%: $1.31
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$3.86
Costs to cover: 0.160%
Break-even: 9.5 days

Slippage unknown: QFEX: live order book, 7 min ago; Orderly: 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 QFEX live order book, 7 min ago	1.63 bp	6.6 bp −$7	7.1 bp −$71	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 −0.0333% / S +0.0531%	1h	153.00	−0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.02	0.000%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.08	+0.039%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.748%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.039%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.144%	$8K	$936K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	+0.020%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.97	−0.033%	$73K	$1.2M	10x	as long as short
Bybit SPCXUSDT	+0.0025%	8h	153.03	+0.007%	$30.8M	$42.9M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	−0.032%	$8K	$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	152.98	−0.026%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.96	−0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.03	+0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USDlong	+0.0048%	1h	153.02	long leg	$1.2M	$6.5M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	153.00	−0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	−0.007%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	−0.020%	$534K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.072%	$3.2M	$2.5M	10x	as long as short
Lighter SPCX	+0.0064%	1h	153.01	−0.007%	$1.6M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0066%	8h	153.05	+0.020%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	153.06	+0.024%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.95	−0.046%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.97	−0.033%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	+0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythosshort	+0.0100%	8h	153.04	+0.013%	$15K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	153.03	+0.008%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0171%	1h	153.06	+0.026%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0172%	8h	153.04	+0.010%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0174%	8h	153.06	+0.026%	$39.5M	$167.5M	75x	as long as short
Binance SPCXUSDT	+0.0184%	8h	153.06	+0.024%	$252.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.02	−0.002%	$734K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0191%	1h	153.00	−0.013%	$142.0M	$119.2M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.06	+0.029%	$410K	$540K	20x	as long as short
Nado SPCX-PERP	+0.0227%	1h	152.97	−0.033%	$622K	$825K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.013%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.03	+0.007%	$445K	$267K	15x	as long as short
edgeX SPCXUSDC	+0.0379%	4h	153.01	−0.005%	$1.7M	$891K	20x	as long as short
Aster SPCXUSD1	+0.0415%	8h	153.11	+0.061%	$18.9M	$17.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.170%	$9K	$27K	5.5x	as long as short