Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.028%

Price spread now: SunX against tradeXYZ+0.329%7-day average +0.118% · you sell dearer than you buy

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

Long on tradeXYZ Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.571%−$57 · spread now +0.329%, 7d avg +0.118%

Together, before fees−0.560%+ Points / potential airdroptradeXYZ: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.211% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.329% now, against its 7-day average of +0.118%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	152.06	0.0050	pay 0.0006% / 1h	34m 02s	$129.6M	$129.4M	20x
Short	SunX SPCX-USDT	152.56	0	get 0.0000% / 8h	7h 34m	$8K	$854K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.329%Rate

Funding earned: −$10.5
Price spread: +0.329% → +0.118%: $21.06
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$15.44
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 4 min ago; SunX: live order book, 8 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 tradeXYZ live order book, 4 min ago	0.33 bp	9.3 bp −$9	10.0 bp −$100	12.9 bp −$1,288	doesn't fit
Sell SunX live order book, 8 min ago	272.13 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

SPCX on 38 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	152.09	+0.023%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0015%	8h	152.22	+0.105%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.15	+0.059%	$30.4M	$43.1M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.12	+0.039%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.14	+0.053%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.28	+0.145%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.56	+0.329%	$8K	$854K	10x
HTX SPCX-USDT	0.0000%	8h	152.23	+0.112%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.13	+0.048%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.10	+0.026%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.08	+0.013%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.14	+0.053%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.11	+0.033%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.13	+0.046%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXlong	+0.0050%	1h	152.06	long leg	$129.6M	$129.4M	20x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.00	−0.039%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.13	+0.046%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.16	+0.066%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.10	+0.026%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.13	+0.048%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0083%	1h	152.06	0.000%	$635K	$814K	20x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.23	+0.112%	$5.9M	$2.8M	—	as long as short
Bullet SPCX-USD	+0.0088%	1h	152.17	+0.072%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.08	+0.013%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.10	+0.026%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.34	+0.184%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.19	+0.085%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0104%	8h	152.15	+0.059%	$253.1M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.11	+0.033%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.14	+0.053%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.15	+0.059%	$39.4M	$167.3M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.20	+0.092%	$380K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.25	+0.125%	$447K	$268K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0276%	1h	152.17	+0.072%	$86K	$1.4M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.11	+0.033%	$694K	$992K	10x	as long as short
Aster SPCXUSD1	+0.0383%	8h	152.29	+0.153%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.296%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0713%	4h	152.24	+0.119%	$1.7M	$890K	20x	as long as short