Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0309%/8h= −33.9% APRpaid last 24h −0.001%

Price spread now: Deribit against edgeX+0.039%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.379%−$38 on $10k

Price spread, last 4 days (all we have)−0.165%−$16 · spread now +0.039%, 7d avg −0.002%

Together, before fees−0.544%+ Points / potential airdropedgeX: Active · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.041% dearer against edgeX than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.002%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.33	0.0322	pay 0.0161% / 4h	3h 16m	$1.7M	$890K	20x
Short	Deribit SPCX_USDC-PERPETUAL	152.39	0.0013	get 0.0002% / 1h	16m 35s	$84K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$64.96
Price spread: +0.039% → −0.002%: $4.12
Slippage, 4 orders: −$13.55
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$90.38
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Deribit: 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	1.64 bp	6.1 bp −$6	7.1 bp −$71	21.2 bp −$2,116	doesn't fit
Sell Deribit live order book, 2 min ago	0.33 bp	8.9 bp −$9	11.7 bp −$117	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	152.32	−0.004%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0014%	8h	152.40	+0.046%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.48	+0.098%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.44	+0.072%	$96.3M	$32.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.51	+0.118%	$31.1M	$66.6M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.032%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.151%	$8K	$845K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.52	+0.124%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0013%	1h	152.39	+0.039%	$84K	$1.4M	10x
Aftermath Perps SPCXUSD	+0.0019%	1h	152.16	−0.115%	$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	152.43	+0.065%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.40	+0.046%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.39	+0.039%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.35	+0.013%	$102K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.44	+0.072%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.36	+0.019%	$129.8M	$129.8M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.36	+0.019%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.38	+0.032%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.34	+0.006%	$531K	$364K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.31	−0.014%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0059%	8h	152.45	+0.080%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.29	−0.025%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.35	+0.013%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.36	+0.019%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.33	0.000%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.44	+0.072%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.43	+0.066%	$723K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.41	+0.054%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.45	+0.079%	$254.1M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0108%	1h	152.36	+0.022%	$633K	$812K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.51	+0.118%	$39.3M	$167.8M	75x	as long as short
Bullet SPCX-USD	+0.0132%	1h	152.44	+0.073%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.45	+0.078%	$381K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.27	−0.040%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.40	+0.046%	$690K	$1.0M	10x	as long as short
edgeX SPCXUSDClong	+0.0322%	4h	152.33	long leg	$1.7M	$890K	20x
Aster SPCXUSD1	+0.0394%	8h	152.57	+0.157%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.118%	$9K	$28K	5.5x	as long as short