Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.001%

Price spread now: Bybit against SoDEX+0.046%7-day average +0.012% · 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−$47as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 3 days (all we have)−0.035%−$3 · spread now +0.046%, 7d avg +0.012%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.034% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SPCX-USD	153.00	0.0050	pay 0.0006% / 1h	48m 16s	$1.7M	$87K	20x
Short	Bybit SPCXUSDT	153.07	0.0114	get 0.0114% / 8h	6h 48m	$30.9M	$42.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.046%Rate

Funding earned: $13.36
Price spread: +0.046% → +0.012%: $3.41
Slippage, 4 orders: −$31.34
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.57
Costs to cover: 0.503%
Break-even: 24.6 days

Slippage from SoDEX: live order book, 1 min ago; Bybit: live order book, 6 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, 1 min ago	0.33 bp	18.0 bp −$18	47.0 bp −$470	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.33 bp	6.7 bp −$7	9.7 bp −$97	32.0 bp −$3,196	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 −0.0339% / S +0.0536%	1h	152.99	−0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	+0.007%	$96.3M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.759%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.039%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.28	+0.183%	$8K	$949K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.99	−0.007%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.91	−0.062%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.96	−0.026%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.209%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.04	+0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.02	+0.013%	$1.2M	$7.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.007%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USDlong	+0.0050%	1h	153.00	long leg	$1.7M	$87K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.99	−0.007%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.105%	$3.2M	$2.6M	10x	as long as short
Lighter SPCX	+0.0056%	1h	152.99	−0.007%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0087%	8h	153.06	+0.038%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.046%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	+0.016%	$89	—	10x	as long as short
Bybit SPCXUSDTshort	+0.0114%	8h	153.07	+0.046%	$30.9M	$42.9M	100x
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.020%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0182%	1h	153.04	+0.026%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0198%	1h	152.99	−0.007%	$142.4M	$119.7M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0207%	8h	153.05	+0.033%	$39.3M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0220%	8h	152.98	−0.012%	$6.0M	$3.5M	—	as long as short
Bitget SPCXUSDT	+0.0228%	8h	153.07	+0.046%	$31.8M	$66.6M	75x	as long as short
Extended SPCX-USD	+0.0232%	1h	152.99	−0.006%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0235%	8h	153.03	+0.020%	$252.9M	$1.37B	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.092%	$728K	$986K	10x	as long as short
Nado SPCX-PERP	+0.0288%	1h	152.96	−0.025%	$620K	$844K	20x	as long as short
Phoenix SPCX	+0.0314%	1h	153.02	+0.013%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0394%	8h	153.12	+0.079%	$19.0M	$18.1M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.06	+0.039%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0478%	4h	152.95	−0.030%	$1.7M	$893K	20x	as long as short