Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0440%/8h= +48.2% APRpaid last 24h +0.035%

Price spread now: Injective against SunX0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% 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	SunX SPCX-USDT	152.57	0	get 0.0000% / 8h	7h 55m	$8K	$871K	10x
Short	Injective SPCX/USDC PERP	152.57	0.0440	get 0.0055% / 1h	55m 19s	$9K	$28K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now 0.000%Rate

Funding earned: $92.4
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $84.38
Costs to cover: 0.080%
Break-even: 0.6 days

Slippage unknown: SunX: live order book, 57 min ago; Injective: no order-book sample. Net counts fees only.

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, 57 min ago	21.99 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0187% / S +0.0435%	1h	152.13	−0.285%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0009%	8h	152.23	−0.223%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.10	−0.308%	$30.5M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.17	−0.262%	$96.1M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.18	−0.256%	$31.1M	$66.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.077%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.36	−0.138%	$300K	$2.6M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	152.20	−0.245%	$11K	$192K	10x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.57	long leg	$8K	$871K	10x
HTX SPCX-USDT	0.0000%	8h	152.20	−0.243%	$1.3M	$1.8M	75x	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	+0.0021%	1h	152.20	−0.243%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.07	−0.328%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.06	−0.334%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.17	−0.262%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.20	−0.243%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.18	−0.256%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.06	−0.334%	$129.7M	$129.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.10	−0.308%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.16	−0.269%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.12	−0.295%	$529K	$368K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.25	−0.210%	$3.2M	$2.2M	10x	as long as short
Nado SPCX-PERP	+0.0063%	1h	152.13	−0.288%	$631K	$811K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0068%	8h	152.22	−0.231%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0095%	8h	152.32	−0.164%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.15	−0.275%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.15	−0.275%	$12.9M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.38	−0.125%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.21	−0.236%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.19	−0.247%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0111%	8h	152.18	−0.256%	$253.3M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.15	−0.277%	$723K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0126%	8h	152.20	−0.243%	$39.6M	$166.6M	75x	as long as short
edgeX SPCXUSDC	+0.0155%	4h	152.31	−0.169%	$1.7M	$889K	20x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.26	−0.201%	$381K	$506K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0276%	1h	152.12	−0.295%	$88K	$1.4M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.34	−0.151%	$728K	$892K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.35	−0.144%	$444K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0380%	8h	152.22	−0.229%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERPshort	+0.0440%	1h	152.57	0.000%	$9K	$28K	5.5x