Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0568%/8h= −62.2% APRpaid last 24h −0.002%

Price spread now: SoDEX against edgeX−0.016%45s7-day average −0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$490.492% of the position

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.351%−$35 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.016%, 7d avg −0.015%

Together, before fees−0.375%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. The two prices were read 45 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	153.03	0.0618	pay 0.0309% / 4h	2h 57m	$1.7M	$892K	20x
Short	SoDEX SPCX-USD	153.01	0.0050	get 0.0006% / 1h	57m 25s	$1.7M	$87K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$119.26
Price spread: −0.016% → −0.015%: −$0.1
Slippage, 4 orders: −$32.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$168.54
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; SoDEX: live order book, 1 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	7.4 bp −$74	21.0 bp −$2,096	doesn't fit
Sell SoDEX live order book, 1 min ago	0.33 bp	18.1 bp −$18	50.2 bp −$502	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 −0.0333% / S +0.0531%	1h	153.01	−0.013%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	−0.016%	$96.3M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.735%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.042%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.199%	$8K	$950K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	+0.003%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.01	−0.015%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.98	−0.036%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.96	−0.049%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.754%	$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
Arcus SPCX-USD	+0.0040%	1h	152.99	−0.029%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	−0.010%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.00	−0.023%	$1.2M	$7.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.01	−0.016%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	153.01	−0.016%	$1.7M	$87K	20x
Phemex SPCXUSDT	+0.0050%	8h	153.04	+0.003%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.075%	$3.2M	$2.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.97	−0.042%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0086%	8h	153.05	+0.007%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.075%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.062%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.97	−0.042%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	+0.016%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.007%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0110%	1h	153.06	+0.013%	$11K	$189K	10x	as long as short
Bybit SPCXUSDT	+0.0112%	8h	153.05	+0.010%	$30.8M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0121%	8h	153.09	+0.036%	$1.9M	$1.4M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0181%	1h	153.01	−0.016%	$142.7M	$119.5M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0210%	8h	153.07	+0.023%	$39.3M	$168.8M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	−0.011%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0239%	8h	153.04	+0.003%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0240%	1h	152.99	−0.032%	$734K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0255%	1h	152.94	−0.063%	$620K	$847K	20x	as long as short
Bitget SPCXUSDT	+0.0267%	8h	153.06	+0.016%	$31.7M	$66.5M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.069%	$728K	$986K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.04	+0.003%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.12	+0.055%	$19.0M	$18.0M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.09	+0.033%	$408K	$539K	20x	as long as short
edgeX SPCXUSDClong	+0.0618%	4h	153.03	long leg	$1.7M	$892K	20x