Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.003%

Price spread now: Aftermath Perps against Bybit−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aftermath Perps is 0.031% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	153.06	0.0124	pay 0.0124% / 8h	7h 01m	$30.8M	$42.8M	100x
Short	Aftermath Perps SPCXUSD	153.01	0.0025	get 0.0003% / 1h	1m 18s	$8K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$20.77
Price spread: −0.031% → 0.000%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$43.87
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 Bybit live order book, 3 min ago	0.33 bp	7.4 bp −$7	13.5 bp −$135	63.0 bp −$6,299	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0331% / S +0.0530%	1h	153.03	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.04	−0.013%	$96.3M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.717%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.072%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.183%	$8K	$951K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSDshort	+0.0025%	1h	153.01	−0.031%	$8K	$8K	10x
Lighter SPCX	+0.0032%	1h	152.98	−0.052%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.059%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.737%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	−0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.020%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.03	−0.020%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.05	−0.007%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.059%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	−0.020%	$1.2M	$7.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	153.07	+0.005%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.96	−0.065%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.97	−0.059%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.94	−0.078%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	−0.008%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0121%	8h	153.06	0.000%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDTlong	+0.0124%	8h	153.06	long leg	$30.8M	$42.8M	100x
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.00	−0.039%	$72K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.03	−0.020%	$105K	$297K	5x	as long as short
tradeXYZ xyz:SPCX	+0.0202%	1h	153.02	−0.026%	$142.8M	$119.5M	20x	as long as short
Bullet SPCX-USD	+0.0204%	1h	153.05	−0.007%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0213%	8h	153.06	0.000%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	−0.027%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.97	−0.056%	$620K	$849K	20x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.01	−0.033%	$734K	$3.9M	10x	as long as short
Binance SPCXUSDT	+0.0241%	8h	153.04	−0.013%	$252.6M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0281%	8h	153.09	+0.020%	$31.7M	$66.6M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	0.000%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.052%	$728K	$986K	10x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.11	+0.034%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	+0.018%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0877%	4h	153.03	−0.016%	$1.7M	$894K	20x	as long as short