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 0.000%

Price spread now: HTX against SunX−0.157%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$790.791% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.157%, 7d avg −0.052%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.104% cheaper against SunX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	153.23	0	get 0.0000% / 8h	5h 46m	$8K	$941K	10x
Short	HTX SPCX-USDT	152.99	0	get 0.0000% / 8h	5h 46m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.052%: −$10.44
Slippage, 4 orders: −$59.05
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$89.5
Costs to cover: 0.791%
Break-even: never at this rate

Slippage from SunX: live order book, 56 min ago; HTX: 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 SunX live order book, 56 min ago	21.88 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	0.33 bp	9.5 bp −$9	10.5 bp −$105	15.4 bp −$1,544	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 −0.0333% / S +0.0531%	1h	152.94	−0.186%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.94	−0.189%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.592%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.215%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	153.23	long leg	$8K	$941K	10x
HTX SPCX-USDTshort	0.0000%	8h	152.99	−0.157%	$1.3M	$1.7M	75x
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.91	−0.209%	$72K	$1.2M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.184%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.90	−0.215%	$2.5M	$7.2M	20x	as long as short
Bitget SPCXUSDT	+0.0032%	8h	152.99	−0.157%	$31.7M	$66.1M	75x	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	152.91	−0.209%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.170%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.93	−0.196%	$1.6M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.95	−0.183%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.92	−0.202%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.95	−0.183%	$1.7M	$92K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.94	−0.189%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.255%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0053%	8h	152.97	−0.170%	$30.8M	$42.8M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.97	−0.168%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0081%	8h	152.97	−0.170%	—	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.86	−0.241%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.209%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.99	−0.157%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.00	−0.150%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	−0.176%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0160%	1h	152.97	−0.170%	$11K	$190K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0186%	8h	152.99	−0.157%	$39.4M	$167.9M	75x	as long as short
Variational Omni SPCX	+0.0193%	8h	152.98	−0.166%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.00	−0.150%	$408K	$549K	20x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.92	−0.201%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0200%	8h	152.96	−0.176%	$252.5M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0214%	1h	152.95	−0.183%	$142.0M	$119.3M	20x	as long as short
Nado SPCX-PERP	+0.0217%	1h	152.89	−0.225%	$622K	$832K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.144%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.97	−0.170%	$445K	$267K	15x	as long as short
edgeX SPCXUSDC	+0.0389%	4h	152.96	−0.176%	$1.7M	$893K	20x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.05	−0.118%	$19.0M	$15.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.033%	$9K	$27K	5.5x	as long as short