Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.016%

Price spread now: Bybit against Aevo+0.026%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bybit is 0.026% dearer against Aevo than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPCX-PERP	152.68	0.0104	pay 0.0013% / 1h	50m 16s	$89	—	10x
Short	Bybit SPCXUSDT	152.72	0	get 0.0000% / 8h	5h 50m	$30.1M	$43.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$21.84
Price spread: +0.026% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.19
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.65 bp	7.5 bp −$7	10.1 bp −$101	39.6 bp −$3,957	doesn't fit

Aevo: 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 38 exchanges

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	152.63	−0.029%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.75	+0.046%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDTshort	0.0000%	8h	152.72	+0.026%	$30.1M	$43.3M	100x
Gate SPCX_USDT	0.0000%	8h	152.68	0.000%	$96.2M	$32.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.74	+0.040%	$31.0M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.72	+0.026%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.95	+0.177%	$8K	$818K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.60	−0.052%	$45K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.80	+0.079%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.72	+0.029%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0030%	1h	152.67	−0.006%	$1.2M	$5.4M	10x	as long as short
Variational Omni SPCX	+0.0032%	8h	152.70	+0.011%	$5.9M	$2.7M	—	as long as short
Lighter SPCX	+0.0032%	1h	152.64	−0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.62	−0.039%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.066%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.63	−0.032%	$103K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.69	+0.007%	—	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0048%	1h	152.72	+0.029%	$12K	$191K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.62	−0.039%	$128.4M	$129.6M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.67	−0.006%	$1.7M	$101K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.70	+0.013%	$533K	$367K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.59	−0.059%	$3.0M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.68	+0.003%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.75	+0.049%	$351K	$518K	20x	as long as short
Binance SPCXUSDT	+0.0062%	8h	152.72	+0.026%	$251.8M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.67	−0.007%	$724K	$5.4M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0088%	8h	152.72	+0.026%	$39.5M	$168.5M	75x	as long as short
Nado SPCX-PERP	+0.0093%	1h	152.67	−0.006%	$633K	$807K	20x	as long as short
Polymarket Perps SPCX-USD	+0.0093%	1h	152.74	+0.040%	$488K	$1.1M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.64	−0.026%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.65	−0.019%	$13.0M	$6.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.76	+0.053%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.73	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERPlong	+0.0104%	1h	152.68	long leg	$89	—	10x
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	+0.013%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.72	+0.026%	$448K	$271K	15x	as long as short
edgeX SPCXUSDC	+0.0277%	4h	152.70	+0.016%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.86	+0.118%	$19.0M	$30.6M	20x	as long as short