Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.003%

Price spread now: Paradex against tradeXYZ+0.033%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.033% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	152.97	0.0142	pay 0.0018% / 1h	35m 31s	$142.3M	$119.1M	20x
Short	Paradex SPCX-USD-PERP	153.02	0.0078	get 0.0078% / 8h	6h 35m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$13.42
Price spread: +0.033% → 0.000%: $3.29
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$32.14
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 3 min ago; Paradex: 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 tradeXYZ live order book, 3 min ago	0.33 bp	9.3 bp −$9	10.5 bp −$105	17.0 bp −$1,697	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 −0.0347% / S +0.0541%	1h	152.99	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.99	+0.013%	$96.1M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.782%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.039%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.150%	$8K	$948K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.015%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	−0.020%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.91	−0.039%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.229%	$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
Arcus SPCX-USD	+0.0040%	1h	152.93	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.99	+0.013%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	−0.013%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.013%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.020%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.111%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0060%	8h	153.04	+0.046%	$30.9M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERPshort	+0.0078%	8h	153.02	+0.033%	$101	—	5x
Pacifica SPCX	+0.0100%	1h	152.93	−0.026%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.89	−0.052%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.00	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.012%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.039%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0123%	1h	153.01	+0.026%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCXlong	+0.0142%	1h	152.97	long leg	$142.3M	$119.1M	20x
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.95	−0.013%	$72K	$1.1M	10x	as long as short
Bitget SPCXUSDT	+0.0179%	8h	153.06	+0.059%	$31.8M	$66.3M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0192%	8h	153.02	+0.033%	$39.4M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0205%	8h	153.00	+0.020%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0220%	8h	153.03	+0.037%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.99	+0.012%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0242%	1h	152.91	−0.040%	$620K	$840K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.111%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	+0.007%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.08	+0.075%	$19.0M	$16.1M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.03	+0.037%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0965%	4h	152.93	−0.024%	$1.7M	$893K	20x	as long as short