Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0761%/8h= −83.3% APRpaid last 24h +0.078%

Price spread now: QFEX against edgeX−0.017%7-day average −0.012% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.349%−$35 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.017%, 7d avg −0.012%

Together, before fees−0.345%+ Points / potential airdropedgeX: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	153.06	0.0807	pay 0.0403% / 4h	35m 36s	$1.7M	$892K	20x
Short	QFEX SPCX-USD	153.03	0.0046	get 0.0006% / 1h	35m 36s	$1.2M	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$159.79
Price spread: −0.017% → −0.012%: −$0.53
Slippage, 4 orders: −$6.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$185.86
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; QFEX: live order book, 3 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, 3 min ago	1.63 bp	6.1 bp −$6	7.0 bp −$70	20.6 bp −$2,060	doesn't fit
Sell QFEX live order book, 3 min ago	1.63 bp	6.6 bp −$7	7.5 bp −$75	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 −0.0314% / S +0.0531%	1h	153.04	−0.007%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.07	+0.009%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	+0.003%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.11	+0.035%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.719%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.00	−0.037%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.153%	$8K	$937K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	−0.010%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.042%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.03	−0.014%	$8K	$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 SPCX	+0.0032%	1h	153.04	−0.010%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	−0.043%	$2.5M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0038%	8h	153.10	+0.029%	$1.9M	$1.4M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.030%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	+0.022%	—	$1.2M	10x	as long as short
QFEX SPCX-USDshort	+0.0046%	1h	153.03	−0.017%	$1.2M	$6.1M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.017%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.004%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.08	+0.016%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.95	−0.069%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	153.06	+0.006%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0075%	1h	153.02	−0.023%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0082%	1h	153.09	+0.020%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.056%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.99	−0.043%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.030%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.022%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.07	+0.012%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0127%	1h	153.00	−0.038%	$617K	$823K	20x	as long as short
Variational Omni SPCX	+0.0143%	8h	153.06	+0.002%	$6.0M	$3.0M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0151%	8h	153.09	+0.022%	$39.5M	$166.9M	75x	as long as short
Binance SPCXUSDT	+0.0156%	8h	153.09	+0.020%	$252.2M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.04	−0.009%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.042%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.010%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	+0.016%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.16	+0.067%	$18.9M	$20.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.192%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0807%	4h	153.06	long leg	$1.7M	$892K	20x