Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.036%

Price spread now: BloFin against tradeXYZ−0.007%108s7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.319% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now −0.007%, 7d avg +0.063%

Together, before fees−0.397%+ Points / potential airdroptradeXYZ: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.070% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.063%). Swap the legs. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	153.01	0.0190	pay 0.0024% / 1h	21m 26s	$142.1M	$119.2M	20x
Short	BloFin SPCX-USDT	153.00	0.0064	get 0.0064% / 8h	5h 21m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$26.35
Price spread: −0.007% → +0.063%: −$7
Slippage, 4 orders: −$1.9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$65.25
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; BloFin: live order book, 1 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 tradeXYZ live order book, 7 min ago	0.33 bp	9.3 bp −$9	9.9 bp −$99	15.5 bp −$1,546	doesn't fit
Sell BloFin live order book, 1 min ago	0.33 bp	6.3 bp −$6	7.6 bp −$76	11.1 bp −$1,105	17.5 bp −$8,766

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	153.03	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	+0.013%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.10	+0.059%	$31.7M	$65.6M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.753%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	−0.059%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.150%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.033%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0027%	8h	153.04	+0.020%	$30.8M	$42.8M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.96	−0.035%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.026%	$2.5M	$7.2M	20x	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	152.94	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.01	0.000%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.02	+0.007%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.04	+0.020%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.01	0.000%	$534K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.83	−0.118%	$3.2M	$2.5M	10x	as long as short
Lighter SPCX	+0.0056%	1h	153.01	0.000%	$1.6M	$7.2M	20x	as long as short
BloFin SPCX-USDTshort	+0.0064%	8h	153.00	−0.007%	$1.9M	$1.4M	75x
Paradex SPCX-USD-PERP	+0.0073%	8h	153.06	+0.030%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−0.046%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.93	−0.052%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	+0.026%	$59K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.03	+0.012%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0162%	1h	153.07	+0.038%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0171%	8h	152.97	−0.024%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0175%	8h	153.07	+0.039%	$39.5M	$167.7M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.02	+0.009%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0184%	8h	153.07	+0.037%	$252.5M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCXlong	+0.0190%	1h	153.01	long leg	$142.1M	$119.2M	20x
RISEx SPCX/USDC	+0.0199%	1h	153.09	+0.053%	$408K	$549K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.00	−0.007%	$73K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0211%	4h	152.97	−0.023%	$1.7M	$892K	20x	as long as short
Nado SPCX-PERP	+0.0219%	1h	152.94	−0.046%	$622K	$830K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	0.000%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.03	+0.013%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.10	+0.060%	$19.0M	$17.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.176%	$9K	$27K	5.5x	as long as short