Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0251%/8h= −27.5% APRpaid last 24h +0.058%

Price spread now: Bitget against edgeX+0.042%104s7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.262% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.621%−$62 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.042%, 7d avg +0.039%

Together, before fees−0.691%+ Points / potential airdropedgeX: Active · farm board−$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.54	0.0251	pay 0.0126% / 4h	2h 49m	$1.7M	$892K	20x
Short	Bitget SPCXUSDT	152.60	0	get 0.0000% / 8h	2h 49m	$31.3M	$65.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$52.71
Price spread: +0.042% → +0.039%: $0.32
Slippage, 4 orders: −$5.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$78.63
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Bitget: 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 edgeX live order book, 4 min ago	1.64 bp	6.1 bp −$6	7.2 bp −$72	21.8 bp −$2,181	doesn't fit
Sell Bitget live order book, 4 min ago	0.65 bp	7.0 bp −$7	9.0 bp −$90	27.9 bp −$2,790	42.0 bp −$21.0K

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	152.47	−0.047%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.54	+0.003%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.60	+0.042%	$31.3M	$65.9M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.107%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.62	+0.055%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.160%	$8K	$916K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.54	+0.003%	$87K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	+0.068%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0001%	8h	152.56	+0.016%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0013%	8h	152.59	+0.035%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0025%	1h	152.41	−0.080%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.53	−0.004%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.49	−0.030%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.47	−0.043%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.53	−0.004%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.58	+0.029%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.47	−0.043%	$131.0M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.54	+0.003%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.55	+0.009%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.61	+0.048%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.089%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.59	+0.037%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.48	−0.037%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.44	−0.063%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.056%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.55	+0.009%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.57	+0.025%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0124%	8h	152.56	+0.015%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0132%	8h	152.57	+0.022%	$250.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.54	+0.002%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0142%	8h	152.58	+0.029%	$39.4M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0146%	1h	152.51	−0.016%	$614K	$804K	20x	as long as short
Bullet SPCX-USD	+0.0226%	1h	152.59	+0.037%	$12K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.62	+0.055%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.063%	$739K	$931K	10x	as long as short
edgeX SPCXUSDClong	+0.0251%	4h	152.54	long leg	$1.7M	$892K	20x
Phoenix SPCX	+0.0263%	1h	152.52	−0.011%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0398%	8h	152.59	+0.037%	$18.9M	$24.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.088%	$9K	$28K	5.5x	as long as short