Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.001%

Price spread now: SoDEX against Bybit−0.026%7-day average −0.012% · 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−$52as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 3 days (all we have)+0.015%+$2 · spread now −0.026%, 7d avg −0.012%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	153.04	0.0060	pay 0.0060% / 8h	6h 34m	$30.9M	$42.8M	100x
Short	SoDEX SPCX-USD	153.00	0.0050	get 0.0006% / 1h	34m 40s	$1.7M	$89K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$2.09
Price spread: −0.026% → −0.012%: −$1.45
Slippage, 4 orders: −$31.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$53.74
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; SoDEX: live order book, 4 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 Bybit live order book, 4 min ago	0.33 bp	7.4 bp −$7	10.9 bp −$109	58.2 bp −$5,816	doesn't fit
Sell SoDEX live order book, 4 min ago	0.33 bp	18.0 bp −$18	52.6 bp −$526	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 −0.0337% / S +0.0534%	1h	153.00	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.00	−0.026%	$96.1M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.730%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.085%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.105%	$8K	$948K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	0.000%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.061%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	−0.065%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.078%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.183%	$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
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.065%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.98	−0.039%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.99	−0.033%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.046%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	153.00	−0.026%	$1.7M	$89K	20x
Phemex SPCXUSDT	+0.0050%	8h	153.03	−0.007%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.157%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDTlong	+0.0060%	8h	153.04	long leg	$30.9M	$42.8M	100x
Paradex SPCX-USD-PERP	+0.0079%	8h	153.02	−0.013%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.072%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.085%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.89	−0.098%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.00	−0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.98	−0.039%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	−0.007%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0127%	1h	153.03	−0.009%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0147%	1h	152.96	−0.052%	$142.3M	$119.1M	20x	as long as short
Bitget SPCXUSDT	+0.0176%	8h	153.07	+0.020%	$31.8M	$66.3M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0192%	8h	153.02	−0.013%	$39.4M	$168.8M	75x	as long as short
Variational Omni SPCX	+0.0205%	8h	153.00	−0.025%	$6.0M	$3.3M	—	as long as short
Extended SPCX-USD	+0.0216%	1h	152.99	−0.033%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0220%	8h	153.04	−0.002%	$252.9M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0242%	1h	152.91	−0.086%	$620K	$840K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.95	−0.059%	$72K	$1.1M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	−0.046%	$730K	$976K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.99	−0.033%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0392%	8h	153.08	+0.027%	$19.0M	$16.1M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.03	−0.007%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0965%	4h	152.93	−0.070%	$1.7M	$893K	20x	as long as short