Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.004%

Price spread now: tradeXYZ against Binance−0.065%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.050%−$5 · spread now −0.065%, 7d avg −0.095%

Together, before fees−0.117%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.030% dearer against Binance than usual: you sell high and buy low (spread −0.065% now, against its 7-day average of −0.095%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.76	0.0100	pay 0.0100% / 8h	2h 07m	$250.5M	$1.36B	75x
Short	tradeXYZ xyz:SPCX	152.66	0.0050	get 0.0006% / 1h	7m 58s	$130.3M	$129.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$10.55
Price spread: −0.065% → −0.095%: $2.99
Slippage, 4 orders: −$1.87
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$37.43
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; tradeXYZ: live order book, 12 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, 6 min ago	0.33 bp	5.3 bp −$5	5.7 bp −$57	7.4 bp −$742	18.5 bp −$9,265
Sell tradeXYZ live order book, 12 min ago	0.33 bp	9.3 bp −$9	10.3 bp −$103	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	152.66	−0.062%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.68	−0.052%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.76	0.000%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.74	−0.013%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.79	+0.020%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.943%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.80	+0.026%	$301K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.96	+0.131%	$8K	$898K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.71	−0.033%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.82	+0.039%	$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	−0.070%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.70	−0.039%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.68	−0.052%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.65	−0.072%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.69	−0.046%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.77	+0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0050%	1h	152.66	−0.065%	$130.3M	$129.0M	20x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.70	−0.039%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.72	−0.026%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.75	−0.007%	$531K	$385K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	−0.105%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.73	−0.023%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0089%	8h	152.72	−0.027%	$6.0M	$2.8M	—	as long as short
Nado SPCX-PERP	+0.0097%	1h	152.69	−0.044%	$613K	$801K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.66	−0.065%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.63	−0.085%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	−0.046%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.75	−0.007%	$15K	$7K	10x	as long as short
Binance SPCXUSDTlong	+0.0100%	8h	152.76	long leg	$250.5M	$1.36B	75x
Extended SPCX-USD	+0.0104%	1h	152.72	−0.023%	$731K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.72	−0.024%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.78	+0.013%	$39.6M	$166.8M	75x	as long as short
Bullet SPCX-USD	+0.0126%	1h	152.75	−0.006%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.76	+0.003%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	−0.039%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.78	+0.013%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0359%	8h	152.79	+0.019%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	−0.039%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0483%	4h	152.72	−0.028%	$1.7M	$891K	20x	as long as short