Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0400%/8h= −43.7% APRpaid last 24h +0.029%

Price spread now: Deribit against Aster−0.109%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.102%+$10 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.109%, 7d avg −0.024%

Together, before fees+0.140%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Deribit is 0.085% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.102%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.102% in total (about 7.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	152.42	0.0400	pay 0.0400% / 8h	17m 27s	$18.9M	$29.7M	20x
Short	Deribit SPCX_USDC-PERPETUAL	152.25	0	get 0.0000% / 1h	17m 27s	$89K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$83.9
Price spread: −0.109% → −0.024%: −$8.46
Slippage, 4 orders: −$10.2
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$117.56
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Deribit: live order book, 2 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 Aster live order book, 2 min ago	0.33 bp	4.3 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	0.33 bp	7.3 bp −$7	10.4 bp −$104	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 −0.0187% / S +0.0435%	1h	152.22	−0.125%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.29	−0.083%	$96.2M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.33	−0.057%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.194%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.34	−0.050%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.54	+0.081%	$8K	$890K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	0.0000%	1h	152.25	−0.109%	$89K	$1.4M	10x
HTX SPCX-USDT	0.0000%	8h	152.38	−0.024%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0002%	8h	152.30	−0.076%	$30.5M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0012%	8h	152.31	−0.070%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0024%	1h	152.20	−0.144%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.27	−0.096%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.25	−0.109%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.22	−0.129%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	−0.063%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.22	−0.129%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.27	−0.096%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	−0.089%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.31	−0.070%	$530K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.13	−0.188%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.26	−0.102%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0081%	8h	152.31	−0.069%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.23	−0.122%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.17	−0.162%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.32	−0.063%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.29	−0.083%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.30	−0.078%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0120%	8h	152.29	−0.084%	$5.9M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0128%	1h	152.28	−0.089%	$724K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0130%	8h	152.32	−0.063%	$253.2M	$1.36B	75x	as long as short
Bullet SPCX-USD	+0.0130%	1h	152.32	−0.062%	$11K	$192K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0144%	8h	152.33	−0.057%	$39.7M	$166.7M	75x	as long as short
Nado SPCX-PERP	+0.0159%	1h	152.26	−0.103%	$631K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	−0.050%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.23	−0.122%	$443K	$266K	15x	as long as short
Aster SPCXUSD1long	+0.0400%	8h	152.42	long leg	$18.9M	$29.7M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.107%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.34	−0.050%	$381K	$507K	20x	as long as short
edgeX SPCXUSDC	+0.0955%	4h	152.29	−0.081%	$1.7M	$891K	20x	as long as short