Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.036%

Price spread now: Extended against BloFin−0.039%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.267%+$27 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.039%, 7d avg −0.032%

Together, before fees+0.329%+ Points / potential airdropExtended: Active · farm board+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.91	0.0035	pay 0.0035% / 8h	3h 43m	$1.9M	$1.3M	75x
Short	Extended SPCX-USD	152.85	0.0152	get 0.0019% / 1h	43m 09s	$738K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.039%Rate

Funding earned: $24.61
Price spread: −0.039% → −0.032%: −$0.62
Slippage, 4 orders: −$2.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.81
Costs to cover: 0.192%
Break-even: 5.6 days

Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 6 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 BloFin live order book, 5 min ago	0.33 bp	6.3 bp −$6	6.3 bp −$63	8.9 bp −$890	15.8 bp −$7,904
Sell Extended live order book, 6 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	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	−0.043%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.86	−0.033%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.91	0.000%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.831%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	+0.007%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.137%	$8K	$932K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	+0.020%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.89	−0.013%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0032%	1h	152.86	−0.031%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.79	−0.078%	$2.5M	$7.3M	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-USDTlong	+0.0035%	8h	152.91	long leg	$1.9M	$1.3M	75x
Arcus SPCX-USD	+0.0040%	1h	152.82	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.82	−0.059%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.83	−0.052%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.85	−0.039%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.88	−0.020%	$533K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.078%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.85	−0.039%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	152.89	−0.011%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.79	−0.078%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.80	−0.072%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.92	+0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.87	−0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.87	−0.023%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.91	−0.001%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0144%	1h	152.82	−0.059%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USDshort	+0.0152%	1h	152.85	−0.039%	$738K	$3.8M	10x
Binance SPCXUSDT	+0.0155%	8h	152.90	−0.009%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0157%	8h	152.92	+0.007%	$39.6M	$166.1M	75x	as long as short
edgeX SPCXUSDC	+0.0206%	4h	152.89	−0.012%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.92	+0.009%	$409K	$517K	20x	as long as short
Nado SPCX-PERP	+0.0246%	1h	152.75	−0.103%	$615K	$810K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.007%	$741K	$939K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.93	+0.013%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0276%	1h	152.88	−0.020%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0279%	1h	152.83	−0.052%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0429%	8h	152.98	+0.048%	$19.0M	$22.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.216%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0536%	1h	152.84	−0.046%	$84K	$1.2M	10x	as long as short