Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against SunX−0.229%7-day average −0.084% · 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−$111as in the Price arb table

costs, in and out, $10k−$960.962% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.229%, 7d avg −0.084%

Together, before fees+0.167%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.145% cheaper against SunX than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of −0.084%). If the spread goes back, that is −$15 on $10k: about 9.7 days of funding at the current rate (+$2 a day).

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	4h 44m	$8K	$803K	10x
Short	SoDEX SPCX-USD	152.46	0.0050	get 0.0006% / 1h	44m 05s	$1.7M	$56K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.229%Rate

Funding earned: $10.5
Price spread: −0.229% → −0.084%: −$14.52
Slippage, 4 orders: −$80.21
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$100.24
Costs to cover: 0.962%
Break-even: 73.8 days

Slippage from SunX: live order book, 51 min ago; SoDEX: 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, 51 min ago	21.93 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.98 bp	18.6 bp −$19	51.4 bp −$514	doesn't fit	doesn't fit

SPCX on 38 exchanges

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	152.50	−0.200%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0070%	8h	152.61	−0.131%	$2.0M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.47	−0.222%	$30.0M	$42.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.47	−0.222%	$96.3M	$30.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	−0.222%	$31.1M	$66.5M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	−0.151%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.81	long leg	$8K	$803K	10x
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.34	−0.308%	$42K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	−0.105%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0010%	8h	152.53	−0.186%	$5.8M	$2.8M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0021%	1h	152.54	−0.178%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0029%	1h	152.57	−0.157%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.39	−0.275%	$1.5M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.36	−0.294%	$2.5M	$7.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	−0.020%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.55	−0.170%	$103K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.56	−0.164%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.48	−0.219%	$700K	$5.2M	10x	as long as short
Binance SPCXUSDT	+0.0049%	8h	152.48	−0.216%	$251.7M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.38	−0.281%	$128.0M	$129.5M	20x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.46	−0.229%	$1.7M	$56K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.47	−0.222%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.48	−0.216%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0051%	8h	152.59	−0.144%	$101	—	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0086%	8h	152.49	−0.209%	$39.8M	$167.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.50	−0.203%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.47	−0.222%	$13.0M	$6.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.236%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	−0.137%	$15K	$7K	10x	as long as short
RISEx SPCX/USDC	+0.0104%	1h	152.65	−0.102%	$351K	$481K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.48	−0.216%	$88	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0108%	1h	152.60	−0.137%	$483K	$1.0M	10x	as long as short
Nado SPCX-PERP	+0.0159%	1h	152.53	−0.187%	$630K	$811K	20x	as long as short
Bullet SPCX-USD	+0.0187%	1h	152.61	−0.131%	$11K	$190K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.54	−0.177%	$732K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	−0.170%	$449K	$272K	15x	as long as short
edgeX SPCXUSDC	+0.0232%	4h	152.53	−0.183%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0422%	8h	152.56	−0.164%	$19.0M	$30.7M	20x	as long as short