Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.024%

Price spread now: tradeXYZ against HTX−0.072%7-day average −0.059% · 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−$41as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.072%, 7d avg −0.059%

Together, before fees+0.097%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.77	0	get 0.0000% / 8h	3h 38m	$1.3M	$1.7M	75x
Short	tradeXYZ xyz:SPCX	152.66	0.0283	get 0.0035% / 1h	38m 05s	$141.0M	$119.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.072%Rate

Funding earned: $59.51
Price spread: −0.072% → −0.059%: −$1.35
Slippage, 4 orders: −$9.42
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $18.75
Costs to cover: 0.394%
Break-even: 4.8 days

Slippage from HTX: live order book, 1 min ago; tradeXYZ: live order book, 12 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 HTX live order book, 1 min ago	1.96 bp	9.2 bp −$9	9.3 bp −$93	12.8 bp −$1,277	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.33 bp	9.3 bp −$9	9.7 bp −$97	12.7 bp −$1,268	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 −0.0214% / S +0.0456%	1h	152.66	−0.069%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.67	−0.065%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.72	−0.033%	$31.7M	$65.4M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.934%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.79	+0.013%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.94	+0.111%	$8K	$928K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.77	long leg	$1.3M	$1.7M	75x
Bybit SPCXUSDT	+0.0023%	8h	152.71	−0.039%	$30.7M	$42.6M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.63	−0.092%	$2.5M	$7.3M	20x	as long as short
Aftermath Perps SPCXUSD	+0.0034%	1h	152.68	−0.057%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0038%	8h	152.76	−0.007%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.72	−0.033%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.65	−0.079%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.67	−0.065%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.68	−0.059%	$531K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	−0.111%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.68	−0.059%	$1.2M	$5.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0058%	1h	152.66	−0.072%	$495K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.61	−0.105%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.62	−0.098%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	0.000%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.72	−0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.70	−0.045%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0105%	8h	152.71	−0.041%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0142%	8h	152.85	+0.051%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.66	−0.072%	$1.6M	$7.3M	20x	as long as short
Binance SPCXUSDT	+0.0158%	8h	152.69	−0.052%	$248.3M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0160%	8h	152.69	−0.052%	$39.5M	$165.9M	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	152.65	−0.076%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.74	−0.017%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.085%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0251%	1h	152.58	−0.123%	$615K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.85	+0.052%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0278%	1h	152.70	−0.046%	$11K	$192K	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0283%	1h	152.66	−0.072%	$141.0M	$119.3M	20x
Aster SPCXUSD1	+0.0433%	8h	152.79	+0.014%	$19.0M	$23.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.17	+0.262%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0471%	1h	152.67	−0.065%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0744%	4h	152.85	+0.051%	$1.7M	$891K	20x	as long as short