Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.062%

Price spread now: SunX against Deribit+0.204%7-day average +0.069% · you sell dearer than you buy

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

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.127%−$13 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.204%, 7d avg +0.069%

Together, before fees−0.265%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.135% dearer against Deribit than usual: you sell high and buy low (spread +0.204% now, against its 7-day average of +0.069%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 35 days. At the pace of the last 5 days (−0.127% in total) that is about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.25	0.0013	pay 0.0002% / 1h	36m 28s	$86K	$1.4M	10x
Short	SunX SPCX-USDT	152.56	0	get 0.0000% / 8h	7h 36m	$8K	$857K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.204%Rate

Funding earned: −$2.69
Price spread: +0.204% → +0.069%: $13.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.2
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 3 min ago; SunX: live order book, 6 min ago. 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, 3 min ago	0.33 bp	11.6 bp −$12	16.1 bp −$161	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	272.13 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	152.21	−0.030%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0015%	8h	152.31	+0.039%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.23	−0.013%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.21	−0.026%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.23	−0.013%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.26	+0.007%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.56	+0.204%	$8K	$857K	10x
HTX SPCX-USDT	0.0000%	8h	152.36	+0.072%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0013%	1h	152.25	long leg	$86K	$1.4M	10x
Aftermath Perps SPCXUSD	+0.0019%	1h	152.18	−0.048%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.17	−0.053%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.16	−0.059%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.21	−0.026%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.18	−0.046%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.24	−0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.17	−0.053%	$129.8M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.11	−0.092%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.25	0.000%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	−0.013%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.092%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.23	−0.011%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0079%	1h	152.18	−0.049%	$635K	$813K	20x	as long as short
Bullet SPCX-USD	+0.0082%	1h	152.30	+0.035%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0087%	8h	152.24	−0.007%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.15	−0.066%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.059%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.15	−0.066%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.29	+0.026%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.21	−0.026%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.24	−0.004%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0105%	8h	152.22	−0.020%	$253.2M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.23	−0.013%	$39.4M	$167.3M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.31	+0.037%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.25	0.000%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.079%	$693K	$992K	10x	as long as short
Aster SPCXUSD1	+0.0383%	8h	152.36	+0.074%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.171%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0713%	4h	152.24	−0.006%	$1.7M	$890K	20x	as long as short