Funding arb · Price arb /

SPCX

RWAall SPCX markets

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: SoDEX against SunX−0.144%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.144%, 7d avg −0.070%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.074% cheaper against SunX than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of −0.070%). If the spread goes back, that is −$7 on $10k: about 4.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	153.27	0	get 0.0000% / 8h	7h 53m	$8K	$965K	10x
Short	SoDEX SPCX-USD	153.05	0.0050	get 0.0006% / 1h	53m 39s	$1.7M	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $10.5
Price spread: −0.144% → −0.070%: −$7.39
Slippage, 4 orders: −$78.44
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$91.33
Costs to cover: 0.944%
Break-even: 67.9 days

Slippage from SunX: live order book, 69 min ago; SoDEX: live order book, 5 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, 69 min ago	13.73 bp	33.7 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.65 bp	11.7 bp −$12	41.3 bp −$413	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 −0.0293% / S +0.0503%	1h	153.01	−0.166%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	−0.130%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.556%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.93	−0.222%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	153.27	long leg	$8K	$965K	10x
HTX SPCX-USDT	0.0000%	8h	153.04	−0.150%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0011%	1h	153.05	−0.144%	$71K	$1.0M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.85	−0.274%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.03	−0.157%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.597%	$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
Lighter SPCX	+0.0040%	1h	153.05	−0.144%	$1.6M	$7.4M	20x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	−0.117%	—	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	153.05	−0.144%	$1.7M	$81K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.99	−0.183%	$535K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−0.274%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.01	−0.170%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0090%	8h	153.05	−0.144%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.176%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.176%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.222%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	−0.117%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	−0.177%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0104%	8h	153.10	−0.112%	$101	—	5x	as long as short
Bybit SPCXUSDT	+0.0104%	8h	153.12	−0.098%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0192%	8h	153.05	−0.141%	$6.0M	$3.5M	—	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.95	−0.209%	$105K	$297K	5x	as long as short
Nado SPCX-PERP	+0.0195%	1h	152.98	−0.187%	$602K	$880K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0201%	8h	153.10	−0.111%	$39.1M	$169.3M	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.07	−0.133%	$734K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0209%	8h	153.11	−0.107%	$252.9M	$1.38B	75x	as long as short
Phoenix SPCX	+0.0261%	1h	153.03	−0.157%	$445K	$271K	15x	as long as short
Polymarket Perps SPCX-USD	+0.0322%	1h	153.02	−0.163%	$490K	$1.1M	10x	as long as short
Aster SPCXUSD1	+0.0322%	8h	153.07	−0.133%	$19.0M	$21.2M	20x	as long as short
Bitget SPCXUSDT	+0.0325%	8h	153.13	−0.091%	$31.3M	$66.7M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.97	−0.196%	$733K	$970K	10x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	−0.121%	$401K	$535K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0453%	1h	153.03	−0.157%	$143.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0523%	1h	153.06	−0.134%	$11K	$187K	10x	as long as short
edgeX SPCXUSDC	+0.0706%	4h	153.00	−0.178%	$1.7M	$892K	20x	as long as short