Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.032%

Price spread now: StandX against Aster+0.001%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.001%, 7d avg +0.005%

Together, before fees−0.081%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.4% 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	152.78	0.0356	pay 0.0356% / 8h	2h 06m	$18.9M	$24.8M	20x
Short	StandX SPCX-USD	152.78	0	get 0.0000% / 1h	6m 37s	$301K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$74.75
Price spread: +0.001% → +0.005%: −$0.36
Slippage, 4 orders: −$13.81
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$104.93
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; StandX: 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	5.8 bp −$6	7.0 bp −$70	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	4.58 bp	9.8 bp −$10	15.3 bp −$153	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	152.69	−0.061%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.69	−0.058%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.76	−0.012%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.74	−0.025%	$96.3M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.78	+0.001%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.930%	$4K	$882	10x	as long as short
StandX SPCX-USDshort	0.0000%	1h	152.78	+0.001%	$301K	$2.7M	20x
SunX SPCX-USDT	0.0000%	8h	152.96	+0.119%	$8K	$898K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.72	−0.038%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.81	+0.021%	$1.3M	$1.8M	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	+0.0017%	1h	152.65	−0.081%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.70	−0.051%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.68	−0.064%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.66	−0.077%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.71	−0.045%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.76	−0.012%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.67	−0.071%	$130.3M	$129.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.69	−0.058%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.74	−0.025%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.79	+0.008%	$531K	$385K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.59	−0.123%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.77	−0.004%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0089%	8h	152.72	−0.039%	$6.0M	$2.8M	—	as long as short
Nado SPCX-PERP	+0.0095%	1h	152.70	−0.049%	$613K	$801K	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.72	−0.039%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0099%	8h	152.76	−0.012%	$250.1M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.68	−0.064%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.64	−0.090%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	−0.058%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	−0.012%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.75	−0.019%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.77	−0.005%	$39.6M	$166.8M	75x	as long as short
Bullet SPCX-USD	+0.0125%	1h	152.77	−0.005%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.78	+0.005%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	−0.051%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.78	+0.001%	$444K	$266K	15x	as long as short
Aster SPCXUSD1long	+0.0356%	8h	152.78	long leg	$18.9M	$24.8M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.00	+0.145%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0483%	4h	152.72	−0.040%	$1.7M	$891K	20x	as long as short