Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.004%

Price spread now: Bybit against Aftermath Perps+0.041%53s7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.041% dearer against Aftermath Perps than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	Aftermath Perps SPCXUSD	152.95	0.0025	pay 0.0003% / 1h	55m 35s	$7K	$8K	10x
Short	Bybit SPCXUSDT	153.01	0.0058	get 0.0058% / 8h	5h 55m	$30.8M	$42.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aftermath Perps. 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 Aftermath PerpsbpFee BybitbpOrdersPrice spread, now +0.041%Rate

Funding earned: $6.93
Price spread: +0.041% → 0.000%: $4.09
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.98
Costs to cover: 0.200%
Break-even: 16.1 days

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: live order book, 3 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.33 bp	6.7 bp −$7	9.1 bp −$91	31.6 bp −$3,158	doesn't fit

Aftermath Perps: 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 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	152.97	+0.018%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.97	+0.015%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.797%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	−0.038%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.211%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	+0.021%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSDlong	+0.0025%	1h	152.95	long leg	$7K	$8K	10x
Lighter RH SPCX	+0.0032%	1h	152.91	−0.024%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.018%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.015%	—	$1.2M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0048%	1h	152.97	+0.015%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.005%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	+0.021%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	+0.028%	$535K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.057%	$3.2M	$2.5M	10x	as long as short
Lighter SPCX	+0.0056%	1h	152.93	−0.011%	$1.6M	$7.2M	20x	as long as short
Bybit SPCXUSDTshort	+0.0058%	8h	153.01	+0.041%	$30.8M	$42.8M	100x
Bitget SPCXUSDT	+0.0061%	8h	153.04	+0.061%	$31.7M	$66.1M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	153.01	+0.038%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	−0.051%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.024%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.011%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.041%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.031%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0170%	1h	153.00	+0.034%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	153.02	+0.047%	$39.5M	$168.0M	75x	as long as short
edgeX SPCXUSDC	+0.0193%	4h	152.98	+0.018%	$1.7M	$891K	20x	as long as short
Variational Omni SPCX	+0.0194%	8h	152.98	+0.021%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.01	+0.043%	$408K	$549K	20x	as long as short
Binance SPCXUSDT	+0.0206%	8h	153.00	+0.034%	$252.6M	$1.37B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.95	+0.002%	$72K	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.97	+0.013%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0219%	1h	152.89	−0.040%	$622K	$834K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0241%	1h	152.97	+0.015%	$142.1M	$119.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.97	+0.015%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	+0.021%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	153.08	+0.088%	$19.0M	$15.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.29	+0.224%	$9K	$27K	5.5x	as long as short