Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: tradeXYZ against SoDEX−0.020%7-day average −0.036% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on SoDEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.020%, 7d avg −0.036%

Together, before fees+0.042%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SPCX-USD	152.24	0.0050	pay 0.0006% / 1h	31m 03s	$1.7M	$99K	20x
Short	tradeXYZ xyz:SPCX	152.21	0.0050	get 0.0006% / 1h	31m 03s	$129.8M	$129.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against SoDEX. 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 SoDEXbpFee tradeXYZbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.036%: $1.65
Slippage, 4 orders: −$30.16
Fee SoDEX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$54.51
Costs to cover: 0.562%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; tradeXYZ: live order book, 9 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 SoDEX live order book, 3 min ago	0.33 bp	18.0 bp −$18	50.1 bp −$501	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.33 bp	10.8 bp −$11	11.7 bp −$117	17.5 bp −$1,754	doesn't fit

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	152.21	−0.023%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.25	+0.007%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.30	+0.039%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.327%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.30	+0.039%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.49	+0.164%	$8K	$892K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.37	+0.085%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.28	+0.026%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.27	+0.020%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.24	−0.002%	$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	152.23	−0.007%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.20	−0.026%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.21	−0.020%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.27	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0050%	1h	152.21	−0.020%	$129.8M	$129.2M	20x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.25	+0.007%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USDlong	+0.0050%	1h	152.24	long leg	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.28	+0.026%	$529K	$373K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.059%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.24	0.000%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0092%	8h	152.25	+0.010%	$100	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.17	−0.046%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.19	−0.033%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.21	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.31	+0.046%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.28	+0.025%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0127%	8h	152.31	+0.043%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0141%	8h	152.29	+0.033%	$252.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.25	+0.006%	$724K	$5.3M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.24	0.000%	$89K	$1.4M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.29	+0.033%	$39.7M	$166.6M	75x	as long as short
Bullet SPCX-USD	+0.0160%	1h	152.28	+0.028%	$11K	$192K	10x	as long as short
Nado SPCX-PERP	+0.0180%	1h	152.19	−0.033%	$630K	$805K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.066%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.28	+0.026%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.42	+0.115%	$18.9M	$29.3M	20x	as long as short
edgeX SPCXUSDC	+0.0412%	4h	152.26	+0.013%	$1.7M	$892K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.223%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.32	+0.056%	$381K	$507K	20x	as long as short