Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.024%

Price spread now: Deribit against Aster−0.116%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.093%+$9 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.116%, 7d avg −0.022%

Together, before fees+0.080%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.094% cheaper against Aster than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.022%). If the spread goes back, that is −$9 on $10k: about 7.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	153.01	0.0425	pay 0.0425% / 8h	3h 47m	$18.9M	$22.0M	20x
Short	Deribit SPCX_USDC-PERPETUAL	152.83	0.0470	get 0.0059% / 1h	47m 46s	$84K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.116%Rate

Funding earned: $9.41
Price spread: −0.116% → −0.022%: −$9.45
Slippage, 4 orders: −$12.84
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$27.88
Costs to cover: 0.278%
Break-even: 27.7 days

Slippage from Aster: live order book, 1 min ago; Deribit: live order book, 1 min ago.

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 Aster live order book, 1 min ago	0.98 bp	5.0 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	0.33 bp	13.5 bp −$14	16.0 bp −$160	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 −0.0214% / S +0.0456%	1h	152.84	−0.107%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.87	−0.090%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.94	−0.045%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.757%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.064%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.14	+0.086%	$7K	$935K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	−0.051%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0011%	8h	152.93	−0.051%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	−0.095%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.79	−0.143%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0033%	8h	152.88	−0.084%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.82	−0.123%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.80	−0.136%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.82	−0.123%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.85	−0.103%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.86	−0.097%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.72	−0.188%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.85	−0.103%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0097%	8h	152.88	−0.082%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.76	−0.162%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.82	−0.123%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.103%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.87	−0.090%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.86	−0.098%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0138%	8h	152.91	−0.065%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.82	−0.123%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.87	−0.092%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0153%	8h	152.91	−0.064%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.90	−0.071%	$39.7M	$166.1M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.91	−0.067%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.071%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0256%	1h	152.74	−0.174%	$615K	$811K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	−0.071%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0282%	1h	152.88	−0.085%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0295%	1h	152.86	−0.097%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1long	+0.0425%	8h	153.01	long leg	$18.9M	$22.0M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.151%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0470%	1h	152.83	−0.116%	$84K	$1.2M	10x
edgeX SPCXUSDC	+0.0592%	4h	152.91	−0.065%	$1.7M	$892K	20x	as long as short