Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.011%

Price spread now: Binance against Injective−2.637%7-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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 2.637% cheaper against Injective than usual: you would sell low and buy high (spread −2.637% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$264 on $10k: about 49 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SPCX/USDC PERP	157.25	0.0033	pay 0.0004% / 1h	49m 00s	$9K	$27K	5.5x
Short	Binance SPCXUSDT	153.10	0.0212	get 0.0212% / 8h	7h 49m	$252.9M	$1.38B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −2.637%Rate

Funding earned: $37.45
Price spread: −2.637% → 0.000%: −$263.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$236.22
Costs to cover: 0.100%
Break-even: 51.1 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago	0.33 bp	5.3 bp −$5	5.6 bp −$56	10.8 bp −$1,085	23.2 bp −$11.6K

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 −0.0296% / S +0.0505%	1h	153.06	−2.668%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	−2.658%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+9.711%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−2.734%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.35	−2.480%	$8K	$963K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.08	−2.652%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	−2.723%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.05	−2.671%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.03	−2.684%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0033%	1h	157.25	long leg	$9K	$27K	5.5x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.07	−2.658%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.08	−2.652%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	−2.658%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−2.754%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.02	−2.690%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0092%	8h	153.11	−2.633%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0099%	8h	153.11	−2.633%	$30.8M	$42.8M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	153.09	−2.643%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	−2.709%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−2.728%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	−2.626%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.11	−2.633%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	−2.655%	$89	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0126%	1h	153.03	−2.684%	$490K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0171%	1h	152.98	−2.714%	$602K	$866K	20x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.01	−2.696%	$105K	$297K	5x	as long as short
Variational Omni SPCX	+0.0194%	8h	153.06	−2.664%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0202%	8h	153.12	−2.626%	$39.1M	$169.2M	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.07	−2.659%	$732K	$3.7M	10x	as long as short
Binance SPCXUSDTshort	+0.0212%	8h	153.10	−2.637%	$252.9M	$1.38B	75x
tradeXYZ xyz:SPCX	+0.0300%	1h	153.05	−2.671%	$143.4M	$119.2M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	−2.665%	$445K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0325%	8h	153.05	−2.672%	$19.0M	$20.2M	20x	as long as short
Bullet SPCX-USD	+0.0328%	1h	153.10	−2.641%	$11K	$187K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	−2.614%	$734K	$971K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0338%	1h	153.08	−2.652%	$71K	$1.0M	10x	as long as short
Bitget SPCXUSDT	+0.0340%	8h	153.13	−2.620%	$31.3M	$66.6M	75x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	−2.643%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0475%	4h	153.08	−2.654%	$1.7M	$893K	20x	as long as short