Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0183%/8h= +20.1% APRpaid last 24h −0.017%

Price spread now: tradeXYZ against Bitget−0.033%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 7 days−0.023%−$2 · spread now −0.033%, 7d avg −0.095%

Together, before fees−0.126%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.062% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.095%. Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	153.00	0.0043	pay 0.0043% / 8h	5h 49m	$31.7M	$66.1M	75x
Short	tradeXYZ xyz:SPCX	152.95	0.0226	get 0.0028% / 1h	49m 09s	$142.0M	$119.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.033%Rate

Funding earned: $38.52
Price spread: −0.033% → −0.095%: $6.23
Slippage, 4 orders: −$2.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $11.81
Costs to cover: 0.329%
Break-even: 4.9 days

Slippage from Bitget: live order book, 5 min ago; tradeXYZ: live order book, 11 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, 5 min ago	0.65 bp	7.2 bp −$7	8.9 bp −$89	24.9 bp −$2,487	37.2 bp −$18.6K
Sell tradeXYZ live order book, 11 min ago	0.33 bp	9.3 bp −$9	9.9 bp −$99	12.7 bp −$1,269	doesn't fit

SPCX on 38 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 −0.0333% / S +0.0531%	1h	152.96	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.95	−0.033%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.762%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.059%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.150%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.00	0.000%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.91	−0.059%	$72K	$1.2M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.93	−0.043%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	−0.072%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.052%	$105K	$297K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPCXUSDTlong	+0.0043%	8h	153.00	long leg	$31.7M	$66.1M	75x
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.99	−0.007%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.96	−0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	−0.026%	$1.7M	$92K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	−0.020%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.87	−0.085%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0062%	8h	152.97	−0.020%	$30.8M	$42.8M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	153.01	+0.007%	$101	—	5x	as long as short
Lighter SPCX	+0.0080%	1h	152.93	−0.046%	$1.6M	$7.2M	20x	as long as short
edgeX SPCXUSDC	+0.0086%	4h	152.97	−0.021%	$1.7M	$892K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.90	−0.065%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.059%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.03	+0.020%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.009%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0178%	1h	152.99	−0.007%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0190%	8h	152.98	−0.013%	$39.4M	$167.9M	75x	as long as short
Variational Omni SPCX	+0.0193%	8h	152.98	−0.016%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.03	+0.023%	$408K	$549K	20x	as long as short
Binance SPCXUSDT	+0.0204%	8h	152.97	−0.021%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.93	−0.047%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0226%	1h	152.95	−0.033%	$142.0M	$119.3M	20x
Nado SPCX-PERP	+0.0233%	1h	152.92	−0.054%	$622K	$832K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.007%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.99	−0.007%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.07	+0.044%	$19.0M	$15.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.183%	$9K	$27K	5.5x	as long as short