Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Phemex against Aevo−0.009%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPCX-PERP	152.40	0.0104	pay 0.0013% / 1h	25m 48s	$88	—	10x
Short	Phemex SPCXUSDT	152.39	0.0050	get 0.0050% / 8h	1h 25m	$531K	$379K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$11.34
Price spread: −0.009% → 0.000%: −$0.86
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.2
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 17 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 Aevo no order-book sample	—	—	—	—	—
Sell Phemex live order book, 17 min ago	0.33 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit

Aevo: 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 −0.0187% / S +0.0435%	1h	152.34	−0.045%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0001%	8h	152.41	+0.005%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.43	+0.018%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.39	−0.009%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.43	+0.018%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.201%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.015%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.201%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.044%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.34	−0.040%	$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	−0.028%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.38	−0.015%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.048%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.048%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	+0.005%	$1.7M	$98K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.39	−0.009%	$531K	$379K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.114%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.44	+0.026%	$393K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.30	−0.068%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.27	−0.087%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.48	+0.050%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	+0.005%	$14K	$7K	10x	as long as short
Aevo SPCX-PERPlong	+0.0104%	1h	152.40	long leg	$88	—	10x
Variational Omni SPCX	+0.0104%	8h	152.41	+0.003%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0107%	1h	152.34	−0.041%	$130.1M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0112%	8h	152.43	+0.021%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.39	−0.008%	$733K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0121%	8h	152.43	+0.018%	$251.7M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0129%	8h	152.43	+0.018%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0135%	1h	152.36	−0.028%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.35	−0.035%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.028%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.43	+0.018%	$443K	$266K	15x	as long as short
edgeX SPCXUSDC	+0.0217%	4h	152.44	+0.026%	$1.7M	$890K	20x	as long as short
Nado SPCX-PERP	+0.0258%	1h	152.24	−0.109%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0291%	1h	152.42	+0.013%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0387%	8h	152.53	+0.085%	$18.9M	$29.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.267%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.39	−0.009%	$89K	$1.3M	10x	as long as short