Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.088%

Price spread now: tradeXYZ against edgeX−0.003%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

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

costs, in and out, $10k−$320.315% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.692%−$69 on $10k

Price spread, last 7 days−0.088%−$9 · spread now −0.003%, 7d avg −0.057%

Together, before fees−0.780%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.054% dearer against edgeX than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.057%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.9 days. At the pace of the last 7 days (−0.692% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.97	0.0211	pay 0.0106% / 4h	1h 22m	$1.7M	$892K	20x
Short	tradeXYZ xyz:SPCX	152.97	0.0189	get 0.0024% / 1h	22m 54s	$142.0M	$119.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$4.73
Price spread: −0.003% → −0.057%: $5.37
Slippage, 4 orders: −$4.51
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$30.88
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; tradeXYZ: live order book, 6 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, 1 min ago	1.63 bp	6.1 bp −$6	7.5 bp −$75	22.3 bp −$2,232	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.33 bp	9.9 bp −$10	10.5 bp −$105	12.6 bp −$1,264	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	152.99	+0.007%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	+0.004%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.06	+0.056%	$31.7M	$65.6M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.780%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.042%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.161%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	+0.043%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.97	−0.003%	$8K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0027%	8h	153.01	+0.023%	$30.8M	$42.8M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.94	−0.023%	$2.5M	$7.2M	20x	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	152.92	−0.036%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.003%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.97	−0.003%	$1.6M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.98	+0.004%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.96	−0.009%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.010%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	+0.010%	$534K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.83	−0.094%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0064%	8h	153.00	+0.017%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0073%	8h	153.03	+0.037%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.042%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−0.055%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.029%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.036%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.012%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0159%	1h	153.02	+0.027%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0171%	8h	152.97	−0.001%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0175%	8h	153.00	+0.017%	$39.5M	$167.6M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.98	+0.002%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0184%	8h	153.02	+0.027%	$252.4M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCXshort	+0.0189%	1h	152.97	−0.003%	$142.0M	$119.2M	20x
RISEx SPCX/USDC	+0.0199%	1h	153.05	+0.051%	$408K	$549K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.97	−0.003%	$73K	$1.2M	10x	as long as short
edgeX SPCXUSDClong	+0.0211%	4h	152.97	long leg	$1.7M	$892K	20x
Nado SPCX-PERP	+0.0217%	1h	152.91	−0.043%	$622K	$830K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.023%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.98	+0.004%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.09	+0.073%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.200%	$9K	$27K	5.5x	as long as short