Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h 0.000%

Price spread now: Bybit against tradeXYZ+0.026%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days+0.039%+$4 · spread now +0.026%, 7d avg +0.080%

Together, before fees+0.107%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.054% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.080%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	153.02	0.0202	pay 0.0025% / 1h	1m 09s	$142.8M	$119.5M	20x
Short	Bybit SPCXUSDT	153.06	0.0124	get 0.0124% / 8h	7h 01m	$30.8M	$42.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$16.35
Price spread: +0.026% → +0.080%: −$5.41
Slippage, 4 orders: −$4.7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$55.46
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; Bybit: 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 tradeXYZ live order book, 9 min ago	0.33 bp	10.0 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.33 bp	7.0 bp −$7	9.2 bp −$92	40.5 bp −$4,046	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 −0.0331% / S +0.0530%	1h	153.03	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.02	0.000%	$96.3M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.746%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.046%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.209%	$8K	$951K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.01	−0.005%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.98	−0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.033%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.764%	$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
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	+0.020%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	+0.007%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.03	+0.007%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.05	+0.020%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.033%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	+0.007%	$1.2M	$7.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	153.07	+0.031%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.96	−0.039%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.97	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.94	−0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	+0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.018%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0121%	8h	153.06	+0.026%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDTshort	+0.0124%	8h	153.06	+0.026%	$30.8M	$42.8M	100x
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.00	−0.013%	$72K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.03	+0.007%	$105K	$297K	5x	as long as short
tradeXYZ xyz:SPCXlong	+0.0202%	1h	153.02	long leg	$142.8M	$119.5M	20x
Bullet SPCX-USD	+0.0204%	1h	153.05	+0.020%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0213%	8h	153.06	+0.026%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	−0.001%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.97	−0.030%	$620K	$849K	20x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.01	−0.006%	$734K	$3.9M	10x	as long as short
Binance SPCXUSDT	+0.0241%	8h	153.04	+0.013%	$252.6M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0281%	8h	153.08	+0.039%	$31.7M	$66.6M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	+0.026%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.078%	$728K	$986K	10x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.11	+0.061%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	+0.044%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0877%	4h	153.03	+0.010%	$1.7M	$894K	20x	as long as short