Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.031%

Price spread now: Phoenix against KuCoin+0.079%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)+0.914%+$91 · spread now +0.079%, 7d avg +0.058%

Together, before fees+1.024%+$102 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.058%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% 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	KuCoin SPCXUSDTM	152.18	0.0100	pay 0.0100% / 8h	6m 55s	$13.0M	$5.6M	20x
Short	Phoenix SPCX	152.30	0.0368	get 0.0046% / 1h	6m 55s	$444K	$266K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now +0.079%Rate

Funding earned: $56.2
Price spread: +0.079% → +0.058%: $2.09
Slippage, 4 orders: −$18.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $20.89
Costs to cover: 0.374%
Break-even: 4.4 days

Slippage from KuCoin: live order book, 2 min ago; Phoenix: live order book, 30 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 KuCoin live order book, 2 min ago	0.99 bp	15.0 bp −$15	41.1 bp −$411	doesn't fit	doesn't fit
Sell Phoenix live order book, 30 min ago	0.33 bp	5.3 bp −$5	17.4 bp −$174	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.22	+0.030%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.31	+0.085%	$30.5M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.30	+0.079%	$96.3M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.32	+0.092%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.366%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.34	+0.105%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.256%	$8K	$888K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.26	+0.053%	$89K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.131%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0001%	8h	152.31	+0.085%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0023%	1h	152.26	+0.051%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.27	+0.059%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.24	+0.039%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.23	+0.033%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	+0.099%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	+0.033%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.26	+0.053%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	+0.066%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	+0.072%	$529K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.020%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.27	+0.059%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	152.30	+0.077%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.21	+0.020%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.18	long leg	$13.0M	$5.6M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.33	+0.099%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	+0.105%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.30	+0.079%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0111%	8h	152.30	+0.076%	$5.9M	$2.8M	—	as long as short
Bullet SPCX-USD	+0.0119%	1h	152.32	+0.089%	$11K	$192K	10x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.28	+0.068%	$724K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0121%	8h	152.32	+0.092%	$253.2M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0136%	8h	152.33	+0.099%	$39.7M	$166.7M	75x	as long as short
Nado SPCX-PERP	+0.0153%	1h	152.24	+0.040%	$631K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.105%	$728K	$930K	10x	as long as short
Phoenix SPCXshort	+0.0368%	1h	152.30	+0.079%	$444K	$266K	15x
Aster SPCXUSD1	+0.0390%	8h	152.42	+0.159%	$18.9M	$30.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.263%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.35	+0.115%	$381K	$505K	20x	as long as short
edgeX SPCXUSDC	+0.0590%	4h	152.29	+0.074%	$1.7M	$889K	20x	as long as short