Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against SunX−0.222%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.222%, 7d avg −0.110%

Together, before fees+0.253%+ Points / potential airdropPacifica: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.112% cheaper against SunX than usual: you would sell low and buy high (spread −0.222% now, against its 7-day average of −0.110%). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.091% in total) that is about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	153.26	0	get 0.0000% / 8h	3h 58m	$7K	$938K	10x
Short	Pacifica SPCX	152.92	0.0100	get 0.0013% / 1h	58m 12s	$169K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.222%Rate

Funding earned: $21
Price spread: −0.222% → −0.110%: −$11.19
Slippage, 4 orders: −$56.92
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$63.11
Costs to cover: 0.729%
Break-even: 28.0 days

Slippage from SunX: live order book, 24 min ago; Pacifica: live order book, 60 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, 24 min ago	21.86 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 60 min ago	0.33 bp	7.3 bp −$7	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 −0.0214% / S +0.0456%	1h	153.00	−0.173%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.03	−0.150%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	−0.150%	$96.3M	$31.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.08	−0.117%	$31.8M	$65.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.574%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.228%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	153.26	long leg	$7K	$938K	10x
HTX SPCX-USDT	0.0000%	8h	153.09	−0.111%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	153.04	−0.145%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0028%	8h	153.03	−0.150%	$1.9M	$1.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.90	−0.235%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.95	−0.202%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.176%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.176%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	−0.176%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.03	−0.150%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.274%	$3.2M	$2.5M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	153.02	−0.157%	$1.2M	$5.9M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0082%	8h	153.03	−0.151%	$101	—	5x	as long as short
Pacifica SPCXshort	+0.0100%	1h	152.92	−0.222%	$169K	$129K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.196%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.04	−0.144%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	−0.144%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	−0.161%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0132%	8h	153.00	−0.171%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0136%	1h	152.93	−0.215%	$1.6M	$7.3M	20x	as long as short
Binance SPCXUSDT	+0.0148%	8h	153.02	−0.157%	$248.0M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.99	−0.178%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0152%	8h	153.04	−0.144%	$39.6M	$166.6M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	153.05	−0.139%	$409K	$525K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	153.10	−0.104%	$738K	$926K	10x	as long as short
Nado SPCX-PERP	+0.0258%	1h	152.88	−0.247%	$616K	$815K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	153.01	−0.163%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0303%	1h	153.05	−0.135%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0315%	1h	153.00	−0.170%	$141.4M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0416%	8h	153.14	−0.078%	$19.0M	$21.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.039%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0535%	1h	152.97	−0.189%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0914%	4h	153.00	−0.167%	$1.7M	$893K	20x	as long as short