Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0539%/8h= +59.0% APRpaid last 24h −0.099%

Price spread now: edgeX against Aster−0.056%60s7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs+$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.209% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.598%+$60 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.056%, 7d avg −0.042%

Together, before fees+0.628%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$63 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate. The two prices were read 60 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	Aster SPCXUSD1	153.10	0.0407	pay 0.0407% / 8h	5h 30m	$19.0M	$17.2M	20x
Short	edgeX SPCXUSDC	153.02	0.0946	get 0.0473% / 4h	1h 30m	$1.7M	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $113.2
Price spread: −0.056% → −0.042%: −$1.43
Slippage, 4 orders: −$3.92
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $90.86
Costs to cover: 0.209%
Break-even: 1.4 days

Slippage from Aster: live order book, 3 min ago; edgeX: live order book, 3 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, 3 min ago	0.33 bp	4.3 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	1.63 bp	6.1 bp −$6	7.3 bp −$73	23.0 bp −$2,301	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 −0.0333% / S +0.0531%	1h	152.97	−0.082%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.99	−0.072%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.05	−0.033%	$31.7M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.690%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.124%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.078%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	−0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	−0.085%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.96	−0.092%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.111%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SPCXUSDT	+0.0034%	8h	153.02	−0.053%	$30.8M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.105%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.085%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.99	−0.072%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.085%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	−0.072%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	−0.072%	$534K	$401K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.157%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.03	−0.046%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0075%	8h	153.03	−0.047%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.124%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.131%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	−0.046%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	−0.062%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0152%	1h	153.02	−0.053%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0172%	8h	152.99	−0.070%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0178%	8h	153.02	−0.053%	$39.5M	$167.7M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.98	−0.077%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0187%	8h	153.02	−0.051%	$252.4M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.98	−0.079%	$142.1M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	−0.041%	$408K	$549K	20x	as long as short
Nado SPCX-PERP	+0.0205%	1h	152.90	−0.129%	$622K	$831K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.95	−0.098%	$73K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.059%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.00	−0.066%	$445K	$267K	15x	as long as short
Aster SPCXUSD1long	+0.0407%	8h	153.10	long leg	$19.0M	$17.2M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.117%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDCshort	+0.0946%	4h	153.02	−0.056%	$1.7M	$893K	20x