Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.030%

Price spread now: BloFin against SoDEX+0.020%7-day average +0.026% · 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−$50as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.150%−$15 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.020%, 7d avg +0.026%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SPCX-USD	152.53	0.0050	pay 0.0006% / 1h	49m 09s	$1.7M	$99K	20x
Short	BloFin SPCX-USDT	152.56	0.0011	get 0.0011% / 8h	2h 49m	$1.9M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$8.23
Price spread: +0.020% → +0.026%: −$0.62
Slippage, 4 orders: −$29.61
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$58.46
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; BloFin: live order book, 4 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, 5 min ago	0.33 bp	18.2 bp −$18	50.1 bp −$501	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.65 bp	6.7 bp −$7	8.9 bp −$89	12.0 bp −$1,196	19.8 bp −$9,910

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 −0.0224% / S +0.0463%	1h	152.44	−0.056%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.56	+0.020%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.54	+0.007%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.59	+0.039%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.111%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.066%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.164%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	+0.066%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDTshort	+0.0011%	8h	152.56	+0.020%	$1.9M	$1.2M	75x
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.52	−0.007%	$87K	$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
Aftermath Perps SPCXUSD	+0.0024%	1h	152.43	−0.067%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.50	−0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.47	−0.039%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.47	−0.039%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.53	0.000%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.56	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.45	−0.052%	$131.0M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.52	−0.007%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USDlong	+0.0050%	1h	152.53	long leg	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.57	+0.026%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.085%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.57	+0.025%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.47	−0.039%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.43	−0.066%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.60	+0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.55	+0.013%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	+0.019%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0124%	8h	152.56	+0.019%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0128%	1h	152.53	−0.003%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0131%	8h	152.57	+0.024%	$250.7M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0133%	1h	152.50	−0.019%	$614K	$804K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.58	+0.033%	$39.4M	$166.5M	75x	as long as short
Bullet SPCX-USD	+0.0211%	1h	152.57	+0.023%	$12K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.60	+0.049%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.059%	$739K	$931K	10x	as long as short
edgeX SPCXUSDC	+0.0251%	4h	152.54	+0.004%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0263%	1h	152.52	−0.007%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0396%	8h	152.59	+0.039%	$18.9M	$24.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.092%	$9K	$28K	5.5x	as long as short