Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0093%/8h= −10.1% APRpaid last 24h −0.010%

Price spread now: QFEX against Binance−0.024%53s7-day average −0.051% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.256% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.024%, 7d avg −0.051%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.027% dearer against Binance than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.051%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 4 days (−0.007% in total) that is about 13 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.52	0.0143	pay 0.0143% / 8h	3h 15m	$250.6M	$1.36B	75x
Short	QFEX SPCX-USD	152.48	0.0050	get 0.0006% / 1h	15m 44s	$1.2M	$5.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$19.44
Price spread: −0.024% → −0.051%: $2.75
Slippage, 4 orders: −$5.58
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$42.26
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; QFEX: live order book, 3 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 Binance live order book, 13 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	10.0 bp −$999	20.4 bp −$10.2K
Sell QFEX live order book, 3 min ago	1.97 bp	7.0 bp −$7	9.3 bp −$93	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 −0.0265% / S +0.0494%	1h	152.38	−0.086%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.49	−0.017%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.55	+0.022%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.121%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.53	+0.009%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.127%	$8K	$920K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	+0.016%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0017%	8h	152.52	+0.003%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0024%	8h	152.49	−0.017%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.36	−0.104%	$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	152.43	−0.056%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.37	−0.096%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.49	−0.017%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.44	−0.050%	$493K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.46	−0.037%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.48	−0.024%	$531K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.22	−0.194%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USDshort	+0.0050%	1h	152.48	−0.024%	$1.2M	$5.7M	10x
Paradex SPCX-USD-PERP	+0.0057%	8h	152.52	+0.004%	$101	—	5x	as long as short
Lighter SPCX	+0.0088%	1h	152.47	−0.030%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.40	−0.076%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.35	−0.109%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.30	−0.142%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.51	−0.004%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	−0.020%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0114%	1h	152.40	−0.076%	$131.3M	$128.3M	20x	as long as short
Variational Omni SPCX	+0.0134%	8h	152.48	−0.025%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDTlong	+0.0143%	8h	152.52	long leg	$250.6M	$1.36B	75x
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.46	−0.037%	$86K	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.47	−0.032%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0147%	8h	152.52	+0.003%	$39.4M	$166.4M	75x	as long as short
Nado SPCX-PERP	+0.0206%	1h	152.40	−0.074%	$613K	$802K	20x	as long as short
Bullet SPCX-USD	+0.0215%	1h	152.50	−0.010%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.53	+0.006%	$408K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.050%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.37	−0.096%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0418%	8h	152.57	+0.036%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.442%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0459%	4h	152.44	−0.049%	$1.7M	$892K	20x	as long as short