Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.026%

Price spread now: KuCoin against Deribit−0.079%7-day average −0.041% · 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−$51as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.079%, 7d avg −0.041%

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.038% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.48	0.0144	pay 0.0018% / 1h	3m 35s	$87K	$1.2M	10x
Short	KuCoin SPCXUSDTM	152.36	0.0100	get 0.0100% / 8h	3h 03m	$13.0M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$9.17
Price spread: −0.079% → −0.041%: −$3.81
Slippage, 4 orders: −$27.99
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$59.96
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from Deribit: live order book, just now; KuCoin: live order book, 10 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, just now	5.90 bp	9.8 bp −$10	11.1 bp −$111	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	0.66 bp	11.5 bp −$12	43.2 bp −$432	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 −0.0224% / S +0.0463%	1h	152.41	−0.049%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.48	0.000%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.57	+0.059%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.148%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.046%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.098%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.57	+0.059%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0003%	8h	152.50	+0.013%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0014%	8h	152.53	+0.033%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.39	−0.061%	$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	152.43	−0.033%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.41	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.49	+0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.45	−0.020%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.51	+0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.52	+0.026%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.33	−0.098%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.47	−0.007%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.52	+0.029%	$101	—	5x	as long as short
Lighter SPCX	+0.0056%	1h	152.46	−0.013%	$1.6M	$7.5M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0060%	1h	152.37	−0.072%	$131.0M	$128.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.44	−0.026%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.36	−0.079%	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	+0.033%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.51	+0.019%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0125%	8h	152.47	−0.008%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.50	+0.013%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.47	−0.006%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.52	+0.026%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0144%	1h	152.48	long leg	$87K	$1.2M	10x
Nado SPCX-PERP	+0.0186%	1h	152.43	−0.033%	$613K	$803K	20x	as long as short
Bullet SPCX-USD	+0.0192%	1h	152.53	+0.033%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.54	+0.041%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.026%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.42	−0.039%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0404%	8h	152.57	+0.059%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.466%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0883%	4h	152.48	+0.002%	$1.7M	$893K	20x	as long as short