Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h 0.000%

Price spread now: tradeXYZ against Paradex−0.037%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. tradeXYZ is 0.037% cheaper against Paradex than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SPCX-USD-PERP	153.06	0.0073	pay 0.0073% / 8h	5h 21m	$101	—	5x
Short	tradeXYZ xyz:SPCX	153.00	0.0189	get 0.0024% / 1h	21m 30s	$142.1M	$119.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Paradex. 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 ParadexbpFee tradeXYZbpOrdersPrice spread, now −0.037%Rate

Funding earned: $24.32
Price spread: −0.037% → 0.000%: −$3.67
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$1.35
Costs to cover: 0.220%
Break-even: 7.4 days

Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 7 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 Paradex no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 7 min ago	0.33 bp	9.9 bp −$10	10.5 bp −$105	12.6 bp −$1,264	doesn't fit

Paradex: 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	152.99	−0.046%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	−0.017%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.10	+0.029%	$31.7M	$65.6M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.719%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	−0.089%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.120%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.003%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0027%	8h	153.04	−0.011%	$30.8M	$42.8M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.97	−0.060%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.056%	$2.5M	$7.2M	20x	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	152.94	−0.076%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.01	−0.030%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.02	−0.024%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.043%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	−0.030%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.01	−0.030%	$534K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.83	−0.148%	$3.2M	$2.5M	10x	as long as short
Lighter SPCX	+0.0056%	1h	153.01	−0.030%	$1.6M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0064%	8h	153.00	−0.037%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERPlong	+0.0073%	8h	153.06	long leg	$101	—	5x
Pacifica SPCX	+0.0100%	1h	152.94	−0.076%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.095%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	−0.004%	$59K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	−0.017%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.040%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0161%	1h	153.04	−0.014%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0171%	8h	152.97	−0.054%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0175%	8h	153.07	+0.009%	$39.5M	$167.7M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.03	−0.015%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0184%	8h	153.08	+0.013%	$252.5M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCXshort	+0.0189%	1h	153.00	−0.037%	$142.1M	$119.2M	20x
RISEx SPCX/USDC	+0.0199%	1h	153.09	+0.023%	$408K	$549K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.96	−0.063%	$73K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0211%	4h	152.97	−0.053%	$1.7M	$892K	20x	as long as short
Nado SPCX-PERP	+0.0219%	1h	152.94	−0.076%	$622K	$830K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.030%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.03	−0.017%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.10	+0.029%	$19.0M	$17.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.146%	$9K	$27K	5.5x	as long as short