Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.029%

Price spread now: BloFin against Vest+0.026%105s7-day average +0.114% · you sell dearer than you buy

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

Long on Vest Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.145%−$15 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.026%, 7d avg +0.114%

Together, before fees−0.137%+ Points / potential airdropVest: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.088% cheaper against Vest than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.114%). Swap the legs. The two prices were read 105 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	Vest SPCX-USD-PERP	152.49	0.0046	pay 0.0006% / 1h	3m 35s	—	$1.2M	10x
Short	BloFin SPCX-USDT	152.53	0.0014	get 0.0014% / 8h	3h 03m	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Vest. 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 VestbpFee BloFinbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$6.73
Price spread: +0.026% → +0.114%: −$8.82
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.55
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; BloFin: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	0.66 bp	6.7 bp −$7	7.3 bp −$73	9.4 bp −$944	12.0 bp −$5,985

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0224% / S +0.0463%	1h	152.41	−0.056%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.48	−0.007%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.57	+0.052%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.141%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.039%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.092%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.57	+0.052%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0003%	8h	152.50	+0.007%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDTshort	+0.0014%	8h	152.53	+0.026%	$1.9M	$1.3M	75x
Aftermath Perps SPCXUSD	+0.0029%	1h	152.39	−0.067%	$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 RH SPCX	+0.0032%	1h	152.43	−0.039%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.41	−0.052%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERPlong	+0.0046%	1h	152.49	long leg	—	$1.2M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.45	−0.026%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.51	+0.013%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.52	+0.020%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.33	−0.105%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.47	−0.013%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.52	+0.022%	$101	—	5x	as long as short
Lighter SPCX	+0.0056%	1h	152.46	−0.020%	$1.6M	$7.5M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0060%	1h	152.37	−0.079%	$131.0M	$128.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.44	−0.033%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.36	−0.085%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	+0.026%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.51	+0.013%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0125%	8h	152.47	−0.014%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.50	+0.007%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.47	−0.013%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.52	+0.020%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.48	−0.007%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0186%	1h	152.43	−0.040%	$613K	$803K	20x	as long as short
Bullet SPCX-USD	+0.0192%	1h	152.53	+0.026%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.54	+0.034%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.033%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.42	−0.046%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0404%	8h	152.57	+0.052%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.459%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0883%	4h	152.48	−0.004%	$1.7M	$893K	20x	as long as short