Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.001%

Price spread now: Phemex against Vest+0.026%7-day average +0.047% · you sell dearer than you buy

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

Long on Vest Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.026%, 7d avg +0.047%

Together, before fees−0.149%+ Points / potential airdropVest: Active · farm board−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.021% cheaper against Vest than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SPCX-USD-PERP	152.43	0.0046	pay 0.0006% / 1h	20m 59s	—	$1.2M	10x
Short	Phemex SPCXUSDT	152.47	0.0050	get 0.0050% / 8h	3h 20m	$532K	$392K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0.91
Price spread: +0.026% → +0.047%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$15.19
Costs to cover: 0.140%
Break-even: 124.2 days

Slippage unknown: Vest: no order-book sample; Phemex: live order book, 31 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 Phemex live order book, 31 min ago	1.63 bp	13.0 bp −$13	doesn't fit	doesn't fit	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 −0.0265% / S +0.0494%	1h	152.34	−0.062%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.42	−0.007%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.50	+0.046%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.188%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.43	0.000%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.62	+0.125%	$8K	$920K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.49	+0.039%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.43	0.000%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0024%	8h	152.45	+0.013%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.37	−0.041%	$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	152.36	−0.046%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERPlong	+0.0046%	1h	152.43	long leg	—	$1.2M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	−0.007%	$495K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.43	0.000%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.47	+0.026%	$532K	$392K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.184%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.45	+0.013%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.48	+0.031%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.39	−0.026%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.32	−0.072%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.33	−0.066%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.34	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.40	−0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	−0.028%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.45	+0.012%	$6.0M	$2.9M	—	as long as short
tradeXYZ xyz:SPCX	+0.0142%	1h	152.33	−0.066%	$131.3M	$128.1M	20x	as long as short
Binance SPCXUSDT	+0.0144%	8h	152.45	+0.013%	$249.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.40	−0.018%	$732K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	152.47	+0.026%	$39.4M	$166.3M	75x	as long as short
Nado SPCX-PERP	+0.0209%	1h	152.36	−0.045%	$613K	$802K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.48	+0.036%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0218%	1h	152.46	+0.021%	$12K	$192K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.007%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.41	−0.013%	$443K	$264K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0275%	1h	152.40	−0.020%	$86K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0419%	8h	152.49	+0.036%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.499%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0955%	4h	152.36	−0.044%	$1.7M	$892K	20x	as long as short