Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.002%

Price spread now: Aster against Injective−0.149%67s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.149% cheaper against Injective than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 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	Injective SPCX/USDC PERP	152.81	0.0440	pay 0.0055% / 1h	30m 12s	$9K	$28K	5.5x
Short	Aster SPCXUSD1	152.58	0.0380	get 0.0380% / 8h	1h 30m	$18.9M	$28.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$12.51
Price spread: −0.149% → 0.000%: −$14.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35.48
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aster: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.33 bp	4.3 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0187% / S +0.0435%	1h	152.34	−0.311%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0005%	8h	152.44	−0.242%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.44	−0.242%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.41	−0.262%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.48	−0.216%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.902%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.281%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	−0.065%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.48	−0.216%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.34	−0.306%	$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
Lighter RH SPCX	+0.0032%	1h	152.36	−0.294%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.41	−0.262%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.314%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.35	−0.301%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.43	−0.249%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.41	−0.262%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.26	−0.360%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.47	−0.221%	$393K	$505K	20x	as long as short
Variational Omni SPCX	+0.0098%	8h	152.42	−0.256%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.33	−0.314%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.30	−0.334%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.44	−0.242%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.44	−0.242%	$14K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0102%	8h	152.44	−0.241%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.44	−0.242%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0104%	1h	152.34	−0.308%	$129.9M	$129.1M	20x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.42	−0.253%	$733K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0115%	8h	152.46	−0.227%	$251.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0126%	8h	152.47	−0.222%	$39.5M	$166.7M	75x	as long as short
Lighter SPCX	+0.0128%	1h	152.38	−0.281%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0130%	1h	152.40	−0.268%	$487K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.294%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	−0.281%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0254%	1h	152.27	−0.356%	$626K	$808K	20x	as long as short
edgeX SPCXUSDC	+0.0268%	4h	152.40	−0.266%	$1.7M	$893K	20x	as long as short
Bullet SPCX-USD	+0.0288%	1h	152.45	−0.236%	$11K	$192K	10x	as long as short
Aster SPCXUSD1short	+0.0380%	8h	152.58	−0.149%	$18.9M	$28.1M	20x
Injective SPCX/USDC PERPlong	+0.0440%	1h	152.81	long leg	$9K	$28K	5.5x
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.40	−0.268%	$89K	$1.3M	10x	as long as short