Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h −0.009%

Price spread now: Bitget against SoDEX+0.007%7-day average +0.029% · 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−$55as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on SoDEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.007%, 7d avg +0.029%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.023% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.029%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.039% in total (about -4.7% 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	SoDEX SPCX-USD	152.68	0.0050	pay 0.0006% / 1h	9m 41s	$1.7M	$79K	20x
Short	Bitget SPCXUSDT	152.69	0.0342	get 0.0342% / 8h	2h 09m	$31.1M	$66.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.007%Rate

Funding earned: $61.32
Price spread: +0.007% → +0.029%: −$2.26
Slippage, 4 orders: −$33
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $6.06
Costs to cover: 0.530%
Break-even: 6.3 days

Slippage from SoDEX: live order book, 4 min ago; Bitget: live order book, 9 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 SoDEX live order book, 4 min ago	0.33 bp	18.2 bp −$18	49.0 bp −$490	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	0.33 bp	7.3 bp −$7	10.4 bp −$104	21.1 bp −$2,107	36.4 bp −$18.2K

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 −0.0271% / S +0.0488%	1h	152.64	−0.026%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.68	0.000%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+12.983%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.020%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.92	+0.157%	$8K	$990K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.66	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	−0.060%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.62	−0.039%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.993%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	0.000%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.64	−0.026%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USDlong	+0.0050%	1h	152.68	long leg	$1.7M	$79K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.67	−0.007%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.54	−0.092%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.67	−0.007%	$1.2M	$7.6M	10x	as long as short
Lighter SPCX	+0.0064%	1h	152.63	−0.033%	$1.6M	$7.3M	20x	as long as short
BloFin SPCX-USDT	+0.0092%	8h	152.70	+0.013%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	152.69	+0.006%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.60	−0.052%	$176K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.55	−0.085%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.71	+0.020%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.70	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.71	+0.022%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0154%	8h	152.70	+0.013%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0184%	8h	152.71	+0.020%	$39.0M	$168.3M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	152.63	−0.033%	$129.9M	$107.2M	20x	as long as short
Variational Omni SPCX	+0.0189%	8h	152.69	+0.007%	$6.1M	$4.3M	—	as long as short
Bullet SPCX-USD	+0.0205%	1h	152.69	+0.009%	$11K	$190K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.66	−0.013%	$71K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0214%	8h	152.68	0.000%	$256.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.67	−0.008%	$715K	$3.6M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	+0.020%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0242%	8h	152.75	+0.043%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.68	0.000%	$371K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.63	−0.033%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0305%	1h	152.56	−0.079%	$625K	$878K	20x	as long as short
edgeX SPCXUSDC	+0.0331%	4h	152.66	−0.011%	$1.7M	$894K	20x	as long as short
Bitget SPCXUSDTshort	+0.0342%	8h	152.69	+0.007%	$31.1M	$66.5M	75x
RISEx SPCX/USDC	+0.0462%	1h	152.74	+0.036%	$393K	$539K	20x	as long as short