Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.037%

Price spread now: Extended against Deribit+0.005%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.005%, 7d avg −0.019%

Together, before fees−0.113%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.025% dearer against Deribit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.28	0.0144	pay 0.0018% / 1h	58m 23s	$90K	$1.3M	10x
Short	Extended SPCX-USD	152.29	0.0144	get 0.0018% / 1h	58m 23s	$724K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$0.04
Price spread: +0.005% → −0.019%: $2.45
Slippage, 4 orders: −$11.57
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$21.16
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 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 Deribit live order book, 1 min ago	0.33 bp	11.6 bp −$12	13.6 bp −$136	doesn't fit	doesn't fit
Sell Extended live order book, 5 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 −0.0234% / S +0.0471%	1h	152.25	−0.016%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.31	+0.020%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.36	+0.053%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.298%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.37	+0.059%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.52	+0.158%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.42	+0.092%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.34	+0.039%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0027%	8h	152.40	+0.079%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.28	−0.002%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.26	−0.013%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.26	−0.013%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.31	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.26	−0.013%	$130.0M	$129.0M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.29	+0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.35	+0.046%	$530K	$376K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.072%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0062%	1h	152.31	+0.020%	$487K	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.29	+0.007%	$1.2M	$5.5M	10x	as long as short
Lighter SPCX	+0.0088%	1h	152.28	0.000%	$1.6M	$7.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.22	−0.039%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.20	−0.053%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.21	−0.046%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.36	+0.053%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.33	+0.032%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0125%	8h	152.33	+0.035%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0134%	8h	152.32	+0.025%	$5.9M	$2.8M	—	as long as short
Bullet SPCX-USD	+0.0140%	1h	152.33	+0.033%	$11K	$192K	10x	as long as short
Extended SPCX-USDshort	+0.0144%	1h	152.29	+0.005%	$724K	$3.6M	10x
Deribit SPCX_USDC-PERPETUALlong	+0.0144%	1h	152.28	long leg	$90K	$1.3M	10x
Binance SPCXUSDT	+0.0147%	8h	152.33	+0.033%	$251.9M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.34	+0.039%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0164%	1h	152.24	−0.025%	$627K	$804K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.34	+0.039%	$443K	$266K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.039%	$725K	$931K	10x	as long as short
Aster SPCXUSD1	+0.0411%	8h	152.46	+0.121%	$18.9M	$28.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.322%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.38	+0.066%	$392K	$507K	20x	as long as short
edgeX SPCXUSDC	+0.0910%	4h	152.32	+0.024%	$1.7M	$893K	20x	as long as short