Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.008%

Price spread now: KuCoin against Injective−2.849%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 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. KuCoin is 2.849% cheaper against Injective than usual: you would sell low and buy high (spread −2.849% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$285 on $10k: about 5 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.089%, so the current rate has only just turned in your favour.

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	12m 59s	$9K	$27K	5.5x
Short	KuCoin SPCXUSDTM	152.77	0.0100	get 0.0100% / 8h	12m 59s	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −2.849%Rate

Funding earned: $14
Price spread: −2.849% → 0.000%: −$284.9
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$282.92
Costs to cover: 0.120%
Break-even: 148.5 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	1.31 bp	10.9 bp −$11	38.1 bp −$381	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 −0.0281% / S +0.0494%	1h	152.85	−2.795%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.87	−2.785%	$96.6M	$31.5M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+9.707%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−2.824%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.07	−2.658%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.88	−2.779%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	−2.811%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.80	−2.830%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0033%	1h	157.25	long leg	$9K	$27K	5.5x
Arcus SPCX-USD	+0.0040%	1h	152.81	−2.824%	$105K	$297K	5x	as long as short

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	152.83	−2.811%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.84	−2.804%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.86	−2.792%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.80	−2.830%	$534K	$411K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.75	−2.862%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.86	−2.792%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0081%	8h	152.92	−2.754%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0096%	8h	152.89	−2.776%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.76	−2.855%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.77	−2.849%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.88	−2.779%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.86	−2.792%	$15K	$7K	10x	as long as short
Lighter SPCX	+0.0104%	1h	152.84	−2.804%	$1.6M	$7.5M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.88	−2.777%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0153%	8h	152.91	−2.760%	$30.7M	$42.9M	100x	as long as short
Bullet SPCX-USD	+0.0156%	1h	152.88	−2.779%	$12K	$188K	10x	as long as short
Variational Omni SPCX	+0.0178%	8h	152.85	−2.796%	$6.0M	$3.4M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0196%	8h	152.89	−2.773%	$38.9M	$169.5M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.86	−2.791%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0201%	8h	152.89	−2.773%	$252.7M	$1.39B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.84	−2.804%	$143.4M	$119.5M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.86	−2.792%	$445K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	−2.722%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0296%	1h	152.75	−2.860%	$601K	$885K	20x	as long as short
Aster SPCXUSD1	+0.0301%	8h	152.95	−2.733%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0312%	8h	152.90	−2.766%	$31.2M	$67.1M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.94	−2.743%	$403K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0534%	4h	152.85	−2.797%	$1.7M	$894K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.87	−2.785%	$71K	$1.0M	10x	as long as short