Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0139%/8h= −15.3% APRpaid last 24h −0.006%

Price spread now: Phemex against tradeXYZ+0.007%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on tradeXYZ Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.360%−$36 · spread now +0.007%, 7d avg −0.006%

Together, before fees−0.378%+ Points / potential airdroptradeXYZ: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	153.00	0.0189	pay 0.0024% / 1h	21m 41s	$142.1M	$119.2M	20x
Short	Phemex SPCXUSDT	153.01	0.0050	get 0.0050% / 8h	5h 21m	$534K	$400K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$29.26
Price spread: +0.007% → −0.006%: $1.22
Slippage, 4 orders: −$23.7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$81.74
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Phemex: live order book, 41 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 Phemex live order book, 41 min ago	2.29 bp	20.0 bp −$20	doesn't fit	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 −0.0333% / S +0.0531%	1h	152.99	−0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	+0.007%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.10	+0.065%	$31.7M	$65.6M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.761%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	−0.052%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.157%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.039%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0027%	8h	153.04	+0.026%	$30.8M	$42.8M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.97	−0.023%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.020%	$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	−0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.00	0.000%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.020%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	+0.007%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	153.01	+0.007%	$534K	$400K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.83	−0.111%	$3.2M	$2.5M	10x	as long as short
Lighter SPCX	+0.0056%	1h	153.01	+0.007%	$1.6M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0064%	8h	153.00	0.000%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0073%	8h	153.06	+0.037%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−0.039%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.059%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.004%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0161%	1h	153.04	+0.023%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0171%	8h	152.97	−0.017%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0175%	8h	153.07	+0.046%	$39.5M	$167.7M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.02	+0.013%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0184%	8h	153.07	+0.044%	$252.5M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCXlong	+0.0189%	1h	153.00	long leg	$142.1M	$119.2M	20x
RISEx SPCX/USDC	+0.0199%	1h	153.09	+0.060%	$408K	$549K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.96	−0.026%	$73K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0211%	4h	152.97	−0.017%	$1.7M	$892K	20x	as long as short
Nado SPCX-PERP	+0.0218%	1h	152.92	−0.052%	$622K	$830K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.007%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.98	−0.013%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.10	+0.066%	$19.0M	$17.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.183%	$9K	$27K	5.5x	as long as short