Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.040%

Price spread now: Pacifica against Aster−0.142%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.142%, 7d avg −0.073%

Together, before fees+0.013%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Pacifica is 0.069% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.073%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% 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	152.93	0.0397	pay 0.0397% / 8h	6h 59m	$19.0M	$30.7M	20x
Short	Pacifica SPCX	152.71	0.0100	get 0.0013% / 1h	59m 26s	$169K	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.142%Rate

Funding earned: −$62.4
Price spread: −0.142% → −0.073%: −$6.88
Slippage, 4 orders: −$8.07
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$93.35
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Pacifica: live order book, 33 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, 5 min ago	0.98 bp	5.0 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit
Sell Pacifica live order book, 33 min ago	0.33 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit

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 −0.0187% / S +0.0435%	1h	152.75	−0.119%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0022%	8h	152.80	−0.083%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.81	−0.077%	$30.5M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.75	−0.116%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.83	−0.064%	$31.0M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	−0.175%	$302K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.04	+0.074%	$8K	$841K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.75	−0.116%	$82K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.88	−0.031%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0015%	1h	152.63	−0.194%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado SPCX-PERP	+0.0015%	1h	152.74	−0.124%	$635K	$809K	20x	as long as short
QFEX SPCX-USD	+0.0031%	1h	152.73	−0.129%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.72	−0.136%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.69	−0.155%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.67	−0.168%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.83	−0.064%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.73	−0.129%	$129.7M	$130.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.80	−0.083%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.74	−0.123%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.78	−0.096%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.234%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.75	−0.113%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.82	−0.067%	$382K	$507K	20x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.78	−0.099%	$5.9M	$2.7M	—	as long as short
Bullet SPCX-USD	+0.0089%	1h	152.79	−0.091%	$11K	$191K	10x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.73	−0.132%	$723K	$5.4M	10x	as long as short
Binance SPCXUSDT	+0.0096%	8h	152.80	−0.086%	$253.0M	$1.37B	75x	as long as short
Pacifica SPCXshort	+0.0100%	1h	152.71	−0.142%	$169K	$117K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.65	−0.181%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.84	−0.057%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	−0.109%	$15K	$7K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0104%	8h	152.83	−0.064%	$39.4M	$168.8M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.74	−0.120%	$89	—	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.77	−0.103%	$449K	$267K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.67	−0.168%	$687K	$1.0M	10x	as long as short
Aster SPCXUSD1long	+0.0397%	8h	152.93	long leg	$19.0M	$30.7M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	−0.096%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0488%	4h	152.78	−0.093%	$1.7M	$891K	20x	as long as short