Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0183%/8h= +20.1% APRpaid last 24h −0.006%

Price spread now: tradeXYZ against Orderly−0.039%7-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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.039% cheaper against Orderly than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPCX_USDC_mythos	152.72	0.0100	pay 0.0100% / 8h	3h 37m	$15K	$7K	10x
Short	tradeXYZ xyz:SPCX	152.66	0.0283	get 0.0035% / 1h	37m 00s	$141.0M	$119.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.039%Rate

Funding earned: $38.5
Price spread: −0.039% → 0.000%: −$3.93
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $10.57
Costs to cover: 0.240%
Break-even: 5.1 days

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	0.33 bp	9.9 bp −$10	10.3 bp −$103	12.6 bp −$1,263	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 −0.0214% / S +0.0456%	1h	152.66	−0.036%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.67	−0.033%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.74	+0.013%	$31.7M	$65.4M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.971%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	−0.007%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.94	+0.144%	$8K	$928K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.73	+0.007%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0023%	8h	152.71	−0.007%	$30.7M	$42.6M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.64	−0.052%	$2.5M	$7.3M	20x	as long as short
Aftermath Perps SPCXUSD	+0.0034%	1h	152.68	−0.025%	$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
BloFin SPCX-USDT	+0.0038%	8h	152.76	+0.026%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.69	−0.020%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.64	−0.052%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.67	−0.033%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.70	−0.013%	$531K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	−0.079%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.67	−0.033%	$1.2M	$5.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0063%	1h	152.66	−0.039%	$495K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	−0.092%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.62	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	152.72	long leg	$15K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.70	−0.014%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0105%	8h	152.68	−0.023%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0142%	8h	152.85	+0.084%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.66	−0.039%	$1.6M	$7.3M	20x	as long as short
Binance SPCXUSDT	+0.0158%	8h	152.71	−0.006%	$249.0M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	152.67	−0.032%	$738K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0160%	8h	152.71	−0.007%	$39.5M	$165.9M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.74	+0.010%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.118%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0250%	1h	152.55	−0.109%	$615K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.74	+0.013%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0276%	1h	152.70	−0.015%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0283%	1h	152.66	−0.039%	$141.0M	$119.3M	20x
Deribit SPCX_USDC-PERPETUAL	+0.0340%	1h	152.64	−0.052%	$84K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0433%	8h	152.79	+0.048%	$19.0M	$23.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.308%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0557%	4h	152.72	−0.001%	$1.7M	$892K	20x	as long as short