Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h −0.005%

Price spread now: SoDEX against OKX−0.039%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.039%, 7d avg −0.018%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.021% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPCX-USDT-SWAP	152.54	0.0141	pay 0.0141% / 8h	3h 05m	$39.4M	$166.3M	75x
Short	SoDEX SPCX-USD	152.48	0.0050	get 0.0006% / 1h	5m 07s	$1.7M	$99K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$19.04
Price spread: −0.039% → −0.018%: −$2.14
Slippage, 4 orders: −$29.39
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$68.57
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; SoDEX: live order book, 4 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 OKX live order book, 4 min ago	0.33 bp	5.3 bp −$5	6.9 bp −$69	14.1 bp −$1,411	doesn't fit
Sell SoDEX live order book, 4 min ago	0.33 bp	18.1 bp −$18	52.0 bp −$520	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 −0.0224% / S +0.0463%	1h	152.38	−0.102%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.49	−0.033%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.55	+0.007%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.103%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.50	−0.026%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.059%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	0.000%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0006%	8h	152.52	−0.013%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0014%	8h	152.53	−0.007%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.41	−0.084%	$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	152.41	−0.085%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.37	−0.111%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.48	−0.039%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.46	−0.052%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.48	−0.039%	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.49	−0.033%	$532K	$389K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.33	−0.138%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.46	−0.052%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.50	−0.028%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0059%	4h	152.42	−0.080%	$1.7M	$892K	20x	as long as short
Lighter SPCX	+0.0064%	1h	152.45	−0.059%	$1.6M	$7.5M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0065%	1h	152.38	−0.105%	$131.0M	$128.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.38	−0.105%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.36	−0.118%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.49	−0.033%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.47	−0.044%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0125%	8h	152.47	−0.047%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0134%	8h	152.52	−0.013%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.47	−0.044%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0141%	8h	152.54	long leg	$39.4M	$166.3M	75x
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.44	−0.066%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0188%	1h	152.39	−0.096%	$613K	$802K	20x	as long as short
Bullet SPCX-USD	+0.0193%	1h	152.51	−0.018%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.51	−0.017%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.066%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.42	−0.079%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0406%	8h	152.57	+0.017%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.426%	$9K	$28K	5.5x	as long as short