Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.131%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.131%, 7d avg −0.046%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.085% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	152.81	0	get 0.0000% / 8h	2h 00m	$8K	$991K	10x
Short	HTX SPCX-USDT	152.61	0	get 0.0000% / 8h	2h 00m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → −0.046%: −$8.52
Slippage, 4 orders: −$59.93
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$88.45
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; HTX: live order book, 3 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 SunX live order book, 12 min ago	21.92 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	1.64 bp	8.2 bp −$8	8.5 bp −$85	15.7 bp −$1,574	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 −0.0335% / S +0.0533%	1h	152.60	−0.134%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.64	−0.111%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+12.887%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	−0.098%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.81	long leg	$8K	$991K	10x
HTX SPCX-USDTshort	0.0000%	8h	152.61	−0.131%	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0025%	1h	152.61	−0.130%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.56	−0.164%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.906%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	152.57	−0.157%	$1.6M	$7.3M	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	152.64	−0.111%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.61	−0.131%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.61	−0.131%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.63	−0.118%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.49	−0.209%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.61	−0.131%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0090%	8h	152.62	−0.125%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0096%	8h	152.67	−0.092%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.55	−0.170%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.51	−0.196%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.66	−0.098%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	−0.105%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	−0.103%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0143%	1h	152.63	−0.118%	$70K	$1.1M	10x	as long as short
Bybit SPCXUSDT	+0.0153%	8h	152.65	−0.105%	$30.7M	$42.3M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0181%	1h	152.60	−0.137%	$129.9M	$107.3M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0187%	8h	152.65	−0.105%	$38.9M	$168.2M	75x	as long as short
Bullet SPCX-USD	+0.0189%	1h	152.63	−0.120%	$12K	$189K	10x	as long as short
Variational Omni SPCX	+0.0194%	8h	152.65	−0.106%	$6.1M	$4.3M	—	as long as short
Extended SPCX-USD	+0.0216%	1h	152.60	−0.135%	$715K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0216%	8h	152.62	−0.124%	$256.1M	$1.38B	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	−0.065%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0247%	8h	152.70	−0.072%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.68	−0.085%	$376K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.56	−0.164%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0296%	1h	152.53	−0.184%	$625K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0340%	8h	152.64	−0.111%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.68	−0.088%	$403K	$542K	20x	as long as short
edgeX SPCXUSDC	+0.0992%	4h	152.63	−0.118%	$1.7M	$893K	20x	as long as short