Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0777%/8h= +85.0% APRpaid last 24h −0.013%

Price spread now: edgeX against Orderly−0.016%71s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$23 a day on $10k at the current rate. The two prices were read 71 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	Orderly PERP_SPCX_USDC_mythos	153.06	0.0100	pay 0.0100% / 8h	6h 58m	$15K	$7K	10x
Short	edgeX SPCXUSDC	153.03	0.0877	get 0.0438% / 4h	2h 58m	$1.7M	$894K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $163.07
Price spread: −0.016% → 0.000%: −$1.65
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $146.43
Costs to cover: 0.150%
Break-even: 0.7 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 1 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 1 min ago	1.96 bp	6.5 bp −$6	7.5 bp −$75	22.4 bp −$2,240	doesn't fit

Orderly: 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 −0.0333% / S +0.0531%	1h	153.01	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.02	−0.026%	$96.4M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.717%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.059%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.183%	$8K	$950K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.01	−0.031%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.95	−0.072%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.085%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.737%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	153.00	−0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.04	−0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.01	−0.033%	$1.2M	$7.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.01	−0.033%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	−0.033%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	−0.013%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.091%	$3.2M	$2.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.97	−0.059%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0087%	8h	153.05	−0.008%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.95	−0.072%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.94	−0.078%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	153.06	long leg	$15K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	153.05	−0.010%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0110%	1h	153.06	−0.003%	$11K	$189K	10x	as long as short
Bybit SPCXUSDT	+0.0113%	8h	153.02	−0.026%	$30.8M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0121%	8h	153.09	+0.020%	$1.9M	$1.4M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0159%	1h	153.02	−0.026%	$142.7M	$119.5M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0210%	8h	153.04	−0.013%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	−0.027%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0240%	8h	153.02	−0.023%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.00	−0.040%	$734K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0241%	1h	152.96	−0.067%	$620K	$847K	20x	as long as short
Bitget SPCXUSDT	+0.0271%	8h	153.06	0.000%	$31.7M	$66.5M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.052%	$728K	$986K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	0.000%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.14	+0.054%	$19.0M	$18.0M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.09	+0.016%	$408K	$539K	20x	as long as short
edgeX SPCXUSDCshort	+0.0877%	4h	153.03	−0.016%	$1.7M	$894K	20x