Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Phemex against StandX+0.052%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on StandX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.052%, 7d avg −0.070%

Together, before fees−0.165%+ Points / potential airdropStandX: Active · farm board−$16 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 Phemex is 0.122% dearer against StandX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SPCX-USD	152.95	0	get 0.0000% / 1h	53m 09s	$302K	$3.1M	20x
Short	Phemex SPCXUSDT	153.03	0.0050	get 0.0050% / 8h	7h 53m	$535K	$414K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against StandX. 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 StandXbpFee PhemexbpOrdersPrice spread, now +0.052%Rate

Funding earned: $10.5
Price spread: +0.052% → −0.070%: $12.23
Slippage, 4 orders: −$26.82
Fee StandX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$24.08
Costs to cover: 0.468%
Break-even: 23.1 days

Slippage from StandX: live order book, 1 min ago; Phemex: live order book, 19 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 StandX live order book, 1 min ago	4.24 bp	8.9 bp −$9	14.8 bp −$148	doesn't fit	doesn't fit
Sell Phemex live order book, 19 min ago	0.65 bp	13.3 bp −$13	doesn't fit	doesn't fit	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 −0.0294% / S +0.0503%	1h	153.03	+0.049%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	+0.078%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.792%	$4K	$882	10x	as long as short
StandX SPCX-USDlong	0.0000%	1h	152.95	long leg	$302K	$3.1M	20x
SunX SPCX-USDT	0.0000%	8h	153.27	+0.209%	$8K	$965K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.10	+0.098%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.87	−0.049%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.03	+0.052%	$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
Lighter SPCX	+0.0040%	1h	153.06	+0.072%	$1.6M	$7.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.12	+0.111%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	+0.072%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	153.03	+0.052%	$535K	$414K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.020%	$3.2M	$2.7M	10x	as long as short
Bybit SPCXUSDT	+0.0063%	8h	153.12	+0.111%	$30.8M	$42.7M	100x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.06	+0.072%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0089%	8h	153.12	+0.111%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	+0.033%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.99	+0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.098%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.068%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0104%	8h	153.10	+0.097%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.08	+0.085%	$71K	$1.0M	10x	as long as short
Nado SPCX-PERP	+0.0172%	1h	153.02	+0.048%	$602K	$880K	20x	as long as short
Variational Omni SPCX	+0.0192%	8h	153.05	+0.068%	$6.0M	$3.5M	—	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.97	+0.013%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0201%	8h	153.11	+0.105%	$39.1M	$169.4M	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.05	+0.063%	$734K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0209%	8h	153.10	+0.096%	$252.9M	$1.38B	75x	as long as short
Polymarket Perps SPCX-USD	+0.0241%	1h	153.06	+0.072%	$490K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.05	+0.065%	$445K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0322%	8h	153.06	+0.072%	$19.0M	$21.2M	20x	as long as short
Bitget SPCXUSDT	+0.0328%	8h	153.13	+0.118%	$31.3M	$66.7M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.124%	$734K	$971K	10x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.13	+0.118%	$401K	$535K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0429%	1h	153.03	+0.052%	$143.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0451%	1h	153.09	+0.092%	$11K	$187K	10x	as long as short
edgeX SPCXUSDC	+0.0706%	4h	153.00	+0.030%	$1.7M	$892K	20x	as long as short