Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.040%

Price spread now: Paradex against Deribit−0.017%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.72	0	get 0.0000% / 1h	56m 44s	$82K	$1.4M	10x
Short	Paradex SPCX-USD-PERP	152.69	0.0056	get 0.0056% / 8h	6h 56m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.017%Rate

Funding earned: $11.77
Price spread: −0.017% → 0.000%: −$1.72
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.95
Costs to cover: 0.110%
Break-even: 7.6 days

Slippage unknown: Deribit: live order book, 2 min ago; Paradex: 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 Deribit live order book, 2 min ago	0.33 bp	12.9 bp −$13	16.1 bp −$161	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 38 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 −0.0187% / S +0.0435%	1h	152.75	+0.016%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0025%	8h	152.80	+0.052%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.79	+0.046%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.77	+0.033%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.86	+0.092%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	−0.007%	$305K	$2.6M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	152.78	+0.039%	$11K	$191K	10x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.262%	$8K	$840K	10x	as long as short
Deribit SPCX_USDC-PERPETUALlong	0.0000%	1h	152.72	long leg	$82K	$1.4M	10x
HTX SPCX-USDT	0.0000%	8h	152.84	+0.079%	$1.3M	$1.7M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0014%	1h	152.67	−0.033%	$7K	$7K	10x	as long as short
Nado SPCX-PERP	+0.0015%	1h	152.72	−0.002%	$634K	$810K	20x	as long as short
QFEX SPCX-USD	+0.0031%	1h	152.71	−0.007%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.71	−0.007%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.68	−0.026%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.68	−0.026%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.79	+0.046%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.71	−0.007%	$129.6M	$130.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.75	+0.020%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.75	+0.020%	$1.7M	$100K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.76	+0.026%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.67	−0.033%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERPshort	+0.0056%	8h	152.69	−0.017%	$101	—	5x
RISEx SPCX/USDC	+0.0068%	1h	152.78	+0.040%	$382K	$507K	20x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.78	+0.037%	$5.9M	$2.7M	—	as long as short
Binance SPCXUSDT	+0.0095%	8h	152.80	+0.050%	$252.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.75	+0.021%	$723K	$5.4M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.66	−0.039%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.64	−0.052%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.84	+0.079%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	+0.026%	$15K	$7K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0103%	8h	152.81	+0.059%	$39.4M	$168.9M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.74	+0.013%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.67	−0.033%	$687K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.73	+0.007%	$449K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.92	+0.130%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.039%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0849%	4h	152.77	+0.035%	$1.7M	$888K	20x	as long as short