Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.009%

Price spread now: QFEX against Binance0.000%7-day average −0.051% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days−0.038%−$4 · spread now 0.000%, 7d avg −0.051%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.051% dearer against Binance than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.051%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 4 days (−0.006% in total) that is about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.38	0.0134	pay 0.0134% / 8h	1h 16m	$251.7M	$1.36B	75x
Short	QFEX SPCX-USD	152.38	0.0038	get 0.0005% / 1h	16m 49s	$1.2M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$20.17
Price spread: 0.000% → −0.051%: $5.11
Slippage, 4 orders: −$3.94
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$39
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; QFEX: live order book, 7 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, 12 min ago	0.33 bp	5.3 bp −$5	6.0 bp −$60	10.7 bp −$1,068	22.6 bp −$11.3K
Sell QFEX live order book, 7 min ago	1.64 bp	6.6 bp −$7	7.4 bp −$74	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	152.31	−0.043%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.35	−0.020%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.40	+0.013%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.222%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	0.000%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.217%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.48	+0.066%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0005%	8h	152.38	0.000%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0014%	8h	152.41	+0.020%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.34	−0.025%	$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	152.30	−0.053%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USDshort	+0.0038%	1h	152.38	0.000%	$1.2M	$5.5M	10x
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.033%	$103K	$300K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	−0.039%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	+0.007%	$530K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.26	−0.079%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.44	+0.039%	$393K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.30	−0.053%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.26	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.42	+0.026%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	+0.005%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0112%	8h	152.42	+0.025%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0118%	1h	152.27	−0.072%	$130.0M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0125%	8h	152.41	+0.021%	$101	—	5x	as long as short
Binance SPCXUSDTlong	+0.0134%	8h	152.38	long leg	$251.7M	$1.36B	75x
Extended SPCX-USD	+0.0136%	1h	152.36	−0.016%	$725K	$3.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0139%	1h	152.36	−0.013%	$487K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0142%	8h	152.40	+0.013%	$39.5M	$166.7M	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.30	−0.053%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.013%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.39	+0.007%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0265%	1h	152.24	−0.093%	$626K	$807K	20x	as long as short
Bullet SPCX-USD	+0.0301%	1h	152.40	+0.016%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0400%	8h	152.49	+0.073%	$18.9M	$29.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.282%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0608%	4h	152.38	−0.001%	$1.7M	$892K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0670%	1h	152.35	−0.020%	$89K	$1.3M	10x	as long as short