Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0334%/8h= −36.6% APRpaid last 24h −0.001%

Price spread now: Bybit against edgeX−0.040%71s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as 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−$270.273% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.725%−$72 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.040%, 7d avg +0.023%

Together, before fees−0.700%+ Points / potential airdropedgeX: Active · farm board−$70 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.063% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 71 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	153.12	0.0456	pay 0.0228% / 4h	3h 02m	$1.7M	$893K	20x
Short	Bybit SPCXUSDT	153.06	0.0122	get 0.0122% / 8h	7h 02m	$30.9M	$42.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$70.2
Price spread: −0.040% → +0.023%: −$6.25
Slippage, 4 orders: −$7.28
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$103.73
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	1.96 bp	6.5 bp −$6	7.7 bp −$77	20.6 bp −$2,063	doesn't fit
Sell Bybit live order book, 2 min ago	0.33 bp	7.0 bp −$7	9.2 bp −$92	40.5 bp −$4,046	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 −0.0330% / S +0.0529%	1h	153.06	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.04	−0.053%	$96.3M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.672%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.112%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.143%	$8K	$951K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	−0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.01	−0.071%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.00	−0.079%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.98	−0.092%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.697%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	−0.040%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.02	−0.066%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.033%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.08	−0.027%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.099%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	−0.059%	$1.2M	$7.1M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.00	−0.079%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0088%	8h	153.06	−0.039%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.96	−0.105%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.98	−0.092%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.17	+0.032%	$59K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	−0.040%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.06	−0.040%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0121%	8h	153.06	−0.040%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDTshort	+0.0122%	8h	153.06	−0.040%	$30.9M	$42.8M	100x
Arcus SPCX-USD	+0.0194%	1h	153.03	−0.059%	$105K	$297K	5x	as long as short
tradeXYZ xyz:SPCX	+0.0202%	1h	153.02	−0.066%	$142.9M	$119.4M	20x	as long as short
Bullet SPCX-USD	+0.0205%	1h	153.07	−0.033%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0214%	8h	153.11	−0.007%	$39.3M	$168.8M	75x	as long as short
Variational Omni SPCX	+0.0228%	8h	153.12	−0.003%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.96	−0.102%	$620K	$849K	20x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.04	−0.053%	$734K	$3.9M	10x	as long as short
Binance SPCXUSDT	+0.0241%	8h	153.07	−0.034%	$252.7M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0284%	8h	153.11	−0.007%	$31.7M	$66.6M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.12	−0.001%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.012%	$728K	$986K	10x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.11	−0.004%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	−0.023%	$401K	$535K	20x	as long as short
edgeX SPCXUSDClong	+0.0456%	4h	153.12	long leg	$1.7M	$893K	20x