Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.002%

Price spread now: Bybit against Vest−0.007%7-day average +0.079% · you buy dearer than you sell

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.007%, 7d avg +0.079%

Together, before fees+0.014%+ Points / potential airdropVest: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.086% cheaper against Vest than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SPCX-USD-PERP	153.12	0.0046	pay 0.0006% / 1h	41m 01s	—	$1.2M	10x
Short	Bybit SPCXUSDT	153.11	0	get 0.0000% / 8h	4h 41m	$30.8M	$42.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$9.59
Price spread: −0.007% → +0.079%: −$8.56
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$31.15
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.33 bp	8.9 bp −$9	10.4 bp −$104	49.6 bp −$4,958	doesn't fit

Vest: 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 −0.0314% / S +0.0531%	1h	153.06	−0.042%	$91K	—	20x	as long as short
Bybit SPCXUSDTshort	0.0000%	8h	153.11	−0.007%	$30.8M	$42.9M	100x
Gate SPCX_USDT	0.0000%	8h	153.09	−0.020%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.14	+0.013%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.672%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.02	−0.065%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.31	+0.124%	$8K	$937K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	−0.052%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.02	−0.063%	$8K	$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 SPCX	+0.0032%	1h	153.07	−0.033%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	−0.065%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.065%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0042%	8h	153.10	−0.013%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERPlong	+0.0046%	1h	153.12	long leg	—	$1.2M	10x
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.046%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.033%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	−0.013%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.131%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0065%	8h	153.12	−0.002%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0073%	1h	153.06	−0.039%	$141.5M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0085%	1h	153.11	−0.007%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.078%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	−0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	−0.018%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0135%	1h	153.04	−0.052%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0149%	8h	153.08	−0.028%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	153.13	+0.007%	$39.5M	$167.0M	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.07	−0.035%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0162%	8h	153.11	−0.008%	$252.3M	$1.37B	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.13	+0.010%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.052%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.10	−0.013%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	153.15	+0.022%	$19.0M	$19.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.150%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0913%	4h	153.08	−0.025%	$1.7M	$891K	20x	as long as short