Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.026%

Price spread now: Bitget against QFEX+0.039%7-day average +0.051% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.039%, 7d avg +0.051%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SPCX-USD	152.69	0.0043	pay 0.0005% / 1h	5m 41s	$1.2M	$5.5M	10x
Short	Bitget SPCXUSDT	152.75	0	get 0.0000% / 8h	2h 05m	$31.2M	$65.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$9.07
Price spread: +0.039% → +0.051%: −$1.15
Slippage, 4 orders: −$5.68
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.9
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Bitget: 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 QFEX live order book, 3 min ago	1.64 bp	6.6 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.65 bp	7.4 bp −$7	8.8 bp −$88	20.8 bp −$2,080	30.5 bp −$15.2K

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 −0.0187% / S +0.0435%	1h	152.66	−0.016%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.69	0.000%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.75	+0.039%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.71	+0.013%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.75	+0.039%	$31.2M	$65.9M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.995%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.78	+0.059%	$301K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.96	+0.177%	$8K	$898K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.79	+0.065%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0017%	1h	152.67	−0.016%	$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 SPCX	+0.0032%	1h	152.67	−0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.65	−0.026%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.66	−0.020%	$105K	$297K	5x	as long as short
QFEX SPCX-USDlong	+0.0043%	1h	152.69	long leg	$1.2M	$5.5M	10x
Vest SPCX-USD-PERP	+0.0046%	1h	152.76	+0.046%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.64	−0.033%	$130.2M	$129.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.69	0.000%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.70	+0.007%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.75	+0.039%	$531K	$385K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.59	−0.065%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.74	+0.033%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.70	+0.007%	$88K	$1.3M	10x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.73	+0.025%	$6.0M	$2.8M	—	as long as short
Nado SPCX-PERP	+0.0095%	1h	152.70	+0.009%	$613K	$801K	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.69	−0.002%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0097%	8h	152.73	+0.026%	$250.1M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.68	−0.007%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.62	−0.046%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	0.000%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.74	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.73	+0.029%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0113%	8h	152.75	+0.039%	$39.6M	$166.8M	75x	as long as short
Bullet SPCX-USD	+0.0123%	1h	152.76	+0.043%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.78	+0.056%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	+0.007%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.78	+0.059%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0354%	8h	152.77	+0.052%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.00	+0.203%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0483%	4h	152.72	+0.018%	$1.7M	$891K	20x	as long as short