Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: KuCoin against Extended−0.080%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.134%+$13 · spread now −0.080%, 7d avg +0.034%

Together, before fees+0.057%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.114% cheaper against Extended than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.30	0.0104	pay 0.0013% / 1h	20m 24s	$725K	$5.3M	10x
Short	KuCoin SPCXUSDTM	152.18	0.0100	get 0.0100% / 8h	7h 20m	$13.0M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$0.84
Price spread: −0.080% → +0.034%: −$11.4
Slippage, 4 orders: −$16.68
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.92
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; KuCoin: live order book, 8 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 Extended live order book, 4 min ago	1.32 bp	3.8 bp −$4	6.6 bp −$66	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	0.99 bp	15.2 bp −$15	38.0 bp −$380	doesn't fit	doesn't fit

SPCX on 38 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 −0.0187% / S +0.0435%	1h	152.22	−0.050%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0016%	8h	152.27	−0.021%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.35	+0.032%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.27	−0.021%	$96.2M	$32.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.37	+0.045%	$31.0M	$66.5M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.33	+0.019%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.29	−0.008%	$8K	$847K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.35	+0.032%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.09	−0.140%	$7K	$7K	10x	as long as short
edgeX SPCXUSDC	+0.0029%	4h	152.16	−0.094%	$1.7M	$890K	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.24	−0.040%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.21	−0.060%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.25	−0.034%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.24	−0.040%	$102K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.28	−0.014%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.22	−0.054%	$129.7M	$129.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.22	−0.054%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.31	+0.006%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	−0.008%	$530K	$364K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.14	−0.106%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0060%	8h	152.28	−0.011%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.29	−0.006%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.18	−0.080%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.18	−0.080%	$13.0M	$5.7M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.05	−0.165%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	+0.025%	$14K	$7K	10x	as long as short
Extended SPCX-USDlong	+0.0104%	1h	152.30	long leg	$725K	$5.3M	10x
Aevo SPCX-PERP	+0.0104%	1h	152.29	−0.005%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.33	+0.016%	$253.9M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0110%	1h	152.26	−0.030%	$636K	$809K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0116%	8h	152.35	+0.032%	$39.2M	$167.9M	75x	as long as short
Bullet SPCX-USD	+0.0134%	1h	152.31	+0.006%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.31	+0.006%	$84K	$1.4M	10x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.31	+0.007%	$381K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.00	−0.198%	$446K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.28	−0.014%	$692K	$999K	10x	as long as short
Aster SPCXUSD1	+0.0390%	8h	152.44	+0.090%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.137%	$9K	$28K	5.5x	as long as short