Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0096%/8hpaid last 24h −0.022%

Price spread now: Injective against edgeX+3.226%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.685%−$69 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 3.226% dearer against edgeX than usual: you sell high and buy low (spread +3.226% now, against zero (this spread has no 7-day history yet)): +$323 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−0.685% in total) that is about 33 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.34	0.0129	pay 0.0065% / 4h	4m 48s	$1.7M	$893K	20x
Short	Injective SPCX/USDC PERP	157.25	0.0033	get 0.0004% / 1h	4m 48s	$9K	$27K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +3.226%Rate

Funding earned: −$20.13
Price spread: +3.226% → 0.000%: $322.58
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $293.43
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 3 min ago; Injective: no order-book sample. 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 edgeX live order book, 3 min ago	1.64 bp	6.1 bp −$6	7.1 bp −$71	21.7 bp −$2,167	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0207% / S +0.0442%	1h	152.06	−0.184%	$88K	—	20x	as long as short
BloFin SPCX-USDT	−0.0046%	8h	152.11	−0.148%	$1.9M	$1.3M	75x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.05	−0.188%	$96.3M	$30.6M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.49	+13.233%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.04	−0.194%	$300K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.12	−0.142%	$8K	$996K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.03	−0.201%	$1.3M	$1.6M	75x	as long as short
Lighter SPCX	+0.0032%	1h	152.11	−0.148%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.10	−0.155%	$2.4M	$7.6M	20x	as long as short
Injective SPCX/USDC PERPshort	+0.0033%	1h	157.25	+3.226%	$9K	$27K	5.5x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SPCX-USDT-SWAP	+0.0037%	8h	152.11	−0.148%	$39.2M	$165.0M	75x	as long as short
Variational Omni SPCX	+0.0039%	8h	152.09	−0.159%	$6.0M	$4.4M	—	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.05	−0.188%	—	$948K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.01	−0.214%	$129.5M	$102.9M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	151.94	−0.260%	$487K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.17	−0.109%	$1.7M	$80K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.24	−0.063%	$537K	$393K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	151.91	−0.280%	$3.1M	$2.5M	10x	as long as short
QFEX SPCX-USD	+0.0060%	1h	151.99	−0.227%	$1.2M	$7.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.01	−0.213%	$100	—	5x	as long as short
Bybit SPCXUSDT	+0.0062%	8h	152.11	−0.148%	$30.6M	$41.2M	100x	as long as short
Aster SPCXUSD1	+0.0069%	8h	152.18	−0.099%	$17.8M	$19.6M	20x	as long as short
Extended SPCX-USD	+0.0072%	1h	152.19	−0.095%	$712K	$3.5M	10x	as long as short
Binance SPCXUSDT	+0.0074%	8h	152.12	−0.142%	$253.6M	$1.35B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	151.93	−0.266%	$175K	$137K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.09	−0.161%	$13.0M	$4.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	151.97	−0.240%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.10	−0.155%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.20	−0.090%	$88	—	10x	as long as short
edgeX SPCXUSDClong	+0.0129%	4h	152.34	long leg	$1.7M	$893K	20x
Aftermath Perps SPCXUSD	+0.0141%	1h	152.02	−0.207%	$7K	$10K	10x	as long as short
Bullet SPCX-USD	+0.0154%	1h	152.11	−0.148%	$11K	$191K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0176%	1h	152.06	−0.181%	$747K	$928K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.13	−0.135%	$370K	$186K	15x	as long as short
Arcus SPCX-USD	+0.0250%	1h	151.97	−0.240%	$105K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0260%	1h	151.95	−0.254%	$669K	$838K	20x	as long as short
Bitget SPCXUSDT	+0.0267%	8h	152.10	−0.155%	$29.3M	$64.2M	75x	as long as short
RISEx SPCX/USDC	+0.0357%	1h	152.04	−0.193%	$319K	$481K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0473%	1h	152.19	−0.096%	$70K	$995K	10x	as long as short