Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h −0.016%

Price spread now: Extended against Bitget−0.040%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.104%−$10 · spread now −0.040%, 7d avg −0.097%

Together, before fees−0.120%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.057% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	152.59	0	get 0.0000% / 8h	2h 48m	$31.3M	$65.9M	75x
Short	Extended SPCX-USD	152.53	0.0128	get 0.0016% / 1h	48m 23s	$731K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: $26.88
Price spread: −0.040% → −0.097%: $5.73
Slippage, 4 orders: −$3.93
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $11.68
Costs to cover: 0.209%
Break-even: 4.0 days

Slippage from Bitget: live order book, 6 min ago; Extended: live order book, 5 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 Bitget live order book, 6 min ago	0.65 bp	6.9 bp −$7	8.6 bp −$86	22.8 bp −$2,285	34.7 bp −$17.4K
Sell Extended live order book, 5 min ago	0.98 bp	3.5 bp −$3	6.2 bp −$62	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 −0.0224% / S +0.0463%	1h	152.44	−0.095%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.56	−0.020%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.54	−0.033%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	152.59	long leg	$31.3M	$65.9M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.067%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.026%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.125%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	+0.026%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0011%	8h	152.56	−0.020%	$1.9M	$1.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.52	−0.046%	$87K	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0024%	1h	152.44	−0.098%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.51	−0.052%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.47	−0.079%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.47	−0.079%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.53	−0.039%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.47	−0.079%	$131.0M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.52	−0.046%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.53	−0.039%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.57	−0.013%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.125%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.57	−0.011%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	−0.092%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.43	−0.105%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.60	+0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.55	−0.026%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	−0.020%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0124%	8h	152.56	−0.021%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USDshort	+0.0128%	1h	152.53	−0.040%	$731K	$4.6M	10x
Nado SPCX-PERP	+0.0128%	1h	152.46	−0.084%	$614K	$804K	20x	as long as short
Binance SPCXUSDT	+0.0130%	8h	152.57	−0.013%	$250.7M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.57	−0.013%	$39.4M	$166.5M	75x	as long as short
Bullet SPCX-USD	+0.0199%	1h	152.57	−0.013%	$12K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.60	+0.010%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.098%	$739K	$931K	10x	as long as short
edgeX SPCXUSDC	+0.0251%	4h	152.54	−0.035%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0263%	1h	152.52	−0.046%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0394%	8h	152.59	+0.003%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.052%	$9K	$28K	5.5x	as long as short