Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h +0.012%

Price spread now: QFEX against SunX−0.216%7-day average −0.077% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.216%, 7d avg −0.077%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.139% cheaper against SunX than usual: you would sell low and buy high (spread −0.216% now, against its 7-day average of −0.077%). If the spread goes back, that is −$14 on $10k: about 12 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.015% in total) that is about 35 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	152.81	0	get 0.0000% / 8h	1h 42m	$8K	$897K	10x
Short	QFEX SPCX-USD	152.48	0.0038	get 0.0005% / 1h	42m 27s	$1.2M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.216%Rate

Funding earned: $7.91
Price spread: −0.216% → −0.077%: −$13.89
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.98
Costs to cover: 0.180%
Break-even: 28.2 days

Slippage unknown: SunX: live order book, 20 min ago; QFEX: live order book, 6 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 SunX live order book, 20 min ago	21.92 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.64 bp	6.6 bp −$7	7.2 bp −$72	doesn't fit	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	152.41	−0.265%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0017%	8h	152.57	−0.157%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.49	−0.209%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.46	−0.229%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.50	−0.203%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.905%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.57	−0.157%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.81	long leg	$8K	$897K	10x
HTX SPCX-USDT	0.0000%	8h	152.65	−0.105%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.50	−0.201%	$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 RH SPCX	+0.0032%	1h	152.44	−0.242%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USDshort	+0.0038%	1h	152.48	−0.216%	$1.2M	$5.5M	10x
Arcus SPCX-USD	+0.0040%	1h	152.48	−0.216%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.45	−0.236%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.49	−0.209%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.47	−0.222%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.275%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0068%	1h	152.48	−0.216%	$487K	$1.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.53	−0.187%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.52	−0.193%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0080%	1h	152.40	−0.268%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0084%	8h	152.58	−0.152%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0088%	1h	152.45	−0.236%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	−0.236%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.43	−0.249%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.236%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	−0.216%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0103%	8h	152.50	−0.203%	$250.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.48	−0.218%	$733K	$4.4M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	−0.212%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.50	−0.203%	$39.6M	$166.7M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	−0.124%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.56	−0.164%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0226%	1h	152.40	−0.266%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0257%	1h	152.50	−0.203%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.45	−0.236%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0364%	8h	152.66	−0.101%	$18.9M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.052%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0976%	4h	152.55	−0.171%	$1.7M	$893K	20x	as long as short