Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0788%/8h= −86.3% APRpaid last 24h +0.043%

Price spread now: Extended against edgeX−0.020%93s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$180.179% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.635%−$63 on $10k

Price spread, last 7 days−0.173%−$17 · spread now −0.020%, 7d avg −0.058%

Together, before fees−0.807%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$81 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.038% dearer against edgeX than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.058%): +$4 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.635% in total) that is about 10 hours. The two prices were read 93 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	152.31	0.0932	pay 0.0466% / 4h	53m 57s	$1.7M	$891K	20x
Short	Extended SPCX-USD	152.28	0.0144	get 0.0018% / 1h	53m 57s	$724K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$165.58
Price spread: −0.020% → −0.058%: $3.84
Slippage, 4 orders: −$3.94
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$179.68
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	1.64 bp	6.1 bp −$6	7.1 bp −$71	22.3 bp −$2,226	doesn't fit
Sell Extended live order book, 5 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	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 −0.0234% / S +0.0471%	1h	152.25	−0.041%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.30	−0.005%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.35	+0.028%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.280%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.31	+0.002%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.51	+0.133%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.41	+0.067%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.34	+0.022%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0025%	8h	152.41	+0.067%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.25	−0.036%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.25	−0.038%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.24	−0.044%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.30	−0.005%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.27	−0.024%	$1.6M	$7.3M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.25	−0.038%	$129.9M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	−0.018%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.33	+0.015%	$530K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.090%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.29	−0.011%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.22	−0.057%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.20	−0.070%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.23	−0.051%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.35	+0.028%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.31	+0.005%	$88	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0106%	1h	152.31	+0.002%	$487K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0118%	8h	152.32	+0.007%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0132%	8h	152.31	0.000%	$5.9M	$2.8M	—	as long as short
Extended SPCX-USDshort	+0.0144%	1h	152.28	−0.020%	$724K	$3.6M	10x
Binance SPCXUSDT	+0.0146%	8h	152.32	+0.008%	$251.9M	$1.36B	75x	as long as short
Bullet SPCX-USD	+0.0151%	1h	152.33	+0.015%	$11K	$192K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.34	+0.022%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0204%	1h	152.19	−0.074%	$626K	$804K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.35	+0.028%	$443K	$266K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.022%	$728K	$931K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.29	−0.011%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0411%	8h	152.45	+0.096%	$18.9M	$28.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.61	+0.199%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.38	+0.048%	$392K	$502K	20x	as long as short
edgeX SPCXUSDClong	+0.0932%	4h	152.31	long leg	$1.7M	$891K	20x