Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0297%/8h= +32.6% APRpaid last 24h +0.040%

Price spread now: Aster against Pacifica+0.137%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.137%, 7d avg +0.074%

Together, before fees−0.030%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aster is 0.063% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.074%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SPCX	152.70	0.0100	pay 0.0013% / 1h	53m 37s	$169K	$117K	10x
Short	Aster SPCXUSD1	152.91	0.0397	get 0.0397% / 8h	5h 53m	$19.0M	$30.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.137%Rate

Funding earned: $62.46
Price spread: +0.137% → +0.074%: $6.27
Slippage, 4 orders: −$6.77
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $45.96
Costs to cover: 0.228%
Break-even: 1.8 days

Slippage from Pacifica: live order book, 57 min ago; Aster: live order book, 3 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 Pacifica live order book, 57 min ago	0.66 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.33 bp	5.0 bp −$5	10.6 bp −$106	doesn't fit	doesn't fit

SPCX on 38 exchanges

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	152.66	−0.029%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.76	+0.039%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.78	+0.052%	$30.1M	$43.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.74	+0.026%	$96.2M	$32.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.80	+0.065%	$31.1M	$67.1M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.72	+0.013%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.96	+0.170%	$8K	$819K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.69	−0.007%	$45K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.82	+0.079%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.71	+0.008%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0030%	1h	152.68	−0.013%	$1.2M	$5.4M	10x	as long as short
Variational Omni SPCX	+0.0031%	8h	152.69	−0.009%	$5.9M	$2.7M	—	as long as short
Lighter SPCX	+0.0032%	1h	152.68	−0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.66	−0.026%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.052%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.67	−0.020%	$103K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.71	+0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.70	0.000%	$128.5M	$129.6M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.70	0.000%	$1.7M	$101K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.68	−0.013%	$533K	$366K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.59	−0.072%	$3.0M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.72	+0.016%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.78	+0.052%	$351K	$518K	20x	as long as short
Binance SPCXUSDT	+0.0063%	8h	152.75	+0.034%	$251.8M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.71	+0.004%	$724K	$5.4M	10x	as long as short
Bullet SPCX-USD	+0.0072%	1h	152.75	+0.035%	$12K	$191K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0089%	8h	152.76	+0.039%	$39.5M	$168.6M	75x	as long as short
Nado SPCX-PERP	+0.0093%	1h	152.72	+0.010%	$633K	$807K	20x	as long as short
Pacifica SPCXlong	+0.0100%	1h	152.70	long leg	$169K	$117K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.68	−0.013%	$13.0M	$6.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.76	+0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.75	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.70	−0.001%	$89	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0120%	1h	152.76	+0.039%	$488K	$1.1M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.73	+0.020%	$742K	$1.1M	10x	as long as short
edgeX SPCXUSDC	+0.0205%	4h	152.68	−0.011%	$1.7M	$889K	20x	as long as short
Phoenix SPCX	+0.0209%	1h	152.73	+0.020%	$448K	$271K	15x	as long as short
Aster SPCXUSD1short	+0.0397%	8h	152.91	+0.137%	$19.0M	$30.6M	20x