Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.027%

Price spread now: HTX against tradeXYZ+0.105%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.105%, 7d avg +0.060%

Together, before fees−0.093%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.045% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.060%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	152.21	0.0050	pay 0.0006% / 1h	30m 55s	$129.8M	$129.2M	20x
Short	HTX SPCX-USDT	152.37	0	get 0.0000% / 8h	30m 55s	$1.3M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$10.5
Price spread: +0.105% → +0.060%: $4.47
Slippage, 4 orders: −$8.74
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$44.77
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.33 bp	9.3 bp −$9	9.6 bp −$96	12.7 bp −$1,265	doesn't fit
Sell HTX live order book, 3 min ago	0.33 bp	10.4 bp −$10	13.2 bp −$132	17.8 bp −$1,780	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	−0.003%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.25	+0.026%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.30	+0.059%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.350%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.30	+0.059%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.49	+0.184%	$8K	$892K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.37	+0.105%	$1.3M	$1.8M	75x
Bybit SPCXUSDT	+0.0014%	8h	152.28	+0.046%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.27	+0.039%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.24	+0.018%	$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	+0.013%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.20	−0.007%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.21	0.000%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.27	+0.039%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXlong	+0.0050%	1h	152.21	long leg	$129.8M	$129.2M	20x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.25	+0.026%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.24	+0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.28	+0.046%	$529K	$373K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.039%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.24	+0.020%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0092%	8h	152.25	+0.029%	$100	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.17	−0.026%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.19	−0.013%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.21	0.000%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.31	+0.066%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.28	+0.044%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0127%	8h	152.31	+0.063%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0141%	8h	152.29	+0.053%	$252.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.25	+0.026%	$724K	$5.3M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.24	+0.020%	$89K	$1.4M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.29	+0.053%	$39.7M	$166.6M	75x	as long as short
Bullet SPCX-USD	+0.0160%	1h	152.28	+0.048%	$11K	$192K	10x	as long as short
Nado SPCX-PERP	+0.0180%	1h	152.19	−0.013%	$630K	$805K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.085%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.28	+0.046%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.42	+0.135%	$18.9M	$29.3M	20x	as long as short
edgeX SPCXUSDC	+0.0412%	4h	152.26	+0.033%	$1.7M	$892K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.243%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.32	+0.076%	$381K	$507K	20x	as long as short