Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.027%

Price spread now: SunX against tradeXYZ+0.249%7-day average +0.115% · you sell dearer than you buy

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

Long on tradeXYZ Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.249%, 7d avg +0.115%

Together, before fees−0.154%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.134% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.249% now, against its 7-day average of +0.115%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	152.34	0.0083	pay 0.0010% / 1h	40m 04s	$130.0M	$129.1M	20x
Short	SunX SPCX-USDT	152.72	0	get 0.0000% / 8h	1h 40m	$8K	$897K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.249%Rate

Funding earned: −$17.36
Price spread: +0.249% → +0.115%: $13.41
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$29.95
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 10 min ago; SunX: live order book, 22 min ago. 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, 10 min ago	0.33 bp	9.3 bp −$9	9.6 bp −$96	12.3 bp −$1,233	doesn't fit
Sell SunX live order book, 22 min ago	21.92 bp	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.34	+0.003%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.45	+0.072%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.43	+0.059%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.40	+0.039%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.44	+0.066%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.246%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.138%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.72	+0.249%	$8K	$897K	10x
HTX SPCX-USDT	0.0000%	8h	152.53	+0.125%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	152.39	+0.034%	$7K	$8K	10x	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	152.35	+0.007%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.42	+0.053%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.43	+0.059%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.38	+0.026%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	+0.046%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.45	+0.072%	$531K	$382K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.31	−0.020%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.47	+0.085%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.45	+0.072%	$101	—	5x	as long as short
Polymarket Perps SPCX-USD	+0.0081%	1h	152.41	+0.046%	$487K	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXlong	+0.0083%	1h	152.34	long leg	$130.0M	$129.1M	20x
Variational Omni SPCX	+0.0085%	8h	152.43	+0.058%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0096%	1h	152.36	+0.013%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.36	+0.013%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.32	−0.013%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	+0.072%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.44	+0.066%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0103%	8h	152.45	+0.070%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.41	+0.048%	$733K	$4.2M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.42	+0.050%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0116%	8h	152.45	+0.072%	$39.6M	$166.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.184%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.48	+0.092%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0230%	1h	152.31	−0.017%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0258%	1h	152.44	+0.066%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0365%	8h	152.54	+0.131%	$18.8M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.309%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.39	+0.033%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0976%	4h	152.55	+0.137%	$1.7M	$893K	20x	as long as short