Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.003%

Price spread now: Extended against Binance−0.037%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days−0.180%−$18 · spread now −0.037%, 7d avg −0.097%

Together, before fees−0.164%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.061% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.42	0.0119	pay 0.0119% / 8h	1h 26m	$251.7M	$1.36B	75x
Short	Extended SPCX-USD	152.36	0.0120	get 0.0015% / 1h	26m 59s	$733K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0.23
Price spread: −0.037% → −0.097%: $6.06
Slippage, 4 orders: −$1.31
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.03
Costs to cover: 0.163%
Break-even: 313.6 days

Slippage from Binance: live order book, 2 min ago; Extended: 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 Binance live order book, 2 min ago	0.33 bp	5.3 bp −$5	6.0 bp −$60	10.7 bp −$1,068	22.6 bp −$11.3K
Sell Extended live order book, 2 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	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	152.34	−0.054%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0001%	8h	152.41	−0.005%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.41	−0.005%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.39	−0.018%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.42	+0.002%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.191%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.025%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.192%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.51	+0.061%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.34	−0.049%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.34	−0.051%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.40	−0.012%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.34	−0.051%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.35	−0.044%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.39	−0.018%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.38	−0.025%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.26	−0.103%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.45	+0.018%	$393K	$505K	20x	as long as short
Variational Omni SPCX	+0.0098%	8h	152.42	0.000%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.31	−0.071%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.27	−0.097%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.48	+0.041%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	−0.005%	$14K	$7K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0104%	1h	152.32	−0.064%	$130.1M	$129.1M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.40	−0.010%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0107%	8h	152.43	+0.007%	$101	—	5x	as long as short
Binance SPCXUSDTlong	+0.0119%	8h	152.42	long leg	$251.7M	$1.36B	75x
Extended SPCX-USDshort	+0.0120%	1h	152.36	−0.037%	$733K	$3.6M	10x
OKX SPCX-USDT-SWAP	+0.0128%	8h	152.42	+0.002%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0132%	1h	152.38	−0.025%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.36	−0.038%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.038%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.43	+0.008%	$443K	$266K	15x	as long as short
edgeX SPCXUSDC	+0.0217%	4h	152.44	+0.016%	$1.7M	$890K	20x	as long as short
Nado SPCX-PERP	+0.0257%	1h	152.27	−0.099%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0290%	1h	152.42	+0.002%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0385%	8h	152.54	+0.082%	$18.9M	$28.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.257%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.37	−0.031%	$89K	$1.3M	10x	as long as short