Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0108%/8h= +11.9% APRpaid last 24h +0.029%

Price spread now: Extended against BloFin−0.075%634s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.183% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.075%, 7d avg −0.033%

Together, before fees+0.339%+ Points / potential airdropExtended: Active · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.042% cheaper against BloFin than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.033%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day). The two prices were read 634 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	153.03	0.0116	pay 0.0116% / 8h	6h 38m	$1.9M	$1.4M	75x
Short	Extended SPCX-USD	152.91	0.0224	get 0.0028% / 1h	38m 39s	$736K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.075%Rate

Funding earned: $22.74
Price spread: −0.075% → −0.033%: −$4.25
Slippage, 4 orders: −$1.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $0.19
Costs to cover: 0.183%
Break-even: 6.9 days

Slippage from BloFin: live order book, 14 min ago; Extended: live order book, 5 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 BloFin live order book, 14 min ago	0.33 bp	6.3 bp −$6	7.5 bp −$75	10.3 bp −$1,027	14.3 bp −$7,129
Sell Extended live order book, 5 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 −0.0345% / S +0.0540%	1h	152.93	−0.069%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	−0.072%	$96.2M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.737%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.085%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.111%	$8K	$949K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	−0.065%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.95	−0.054%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.085%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.88	−0.098%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.190%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.91	−0.078%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	−0.046%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.95	−0.052%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.90	−0.085%	$500K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	−0.065%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	−0.046%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.137%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0057%	8h	152.95	−0.052%	$30.9M	$42.9M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.90	−0.085%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.96	−0.044%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.85	−0.118%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−0.091%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	+0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.95	−0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.95	−0.052%	$89	—	10x	as long as short
BloFin SPCX-USDTlong	+0.0116%	8h	153.03	long leg	$1.9M	$1.4M	75x
Bullet SPCX-USD	+0.0124%	1h	152.94	−0.059%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0141%	1h	152.92	−0.072%	$142.3M	$119.1M	20x	as long as short
Bitget SPCXUSDT	+0.0190%	8h	152.97	−0.039%	$31.8M	$66.4M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0195%	8h	152.95	−0.052%	$39.4M	$168.8M	75x	as long as short
Variational Omni SPCX	+0.0211%	8h	152.99	−0.025%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0222%	8h	152.95	−0.052%	$252.7M	$1.37B	75x	as long as short
Extended SPCX-USDshort	+0.0224%	1h	152.91	−0.075%	$736K	$3.8M	10x
Nado SPCX-PERP	+0.0244%	1h	152.88	−0.101%	$620K	$841K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.072%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	−0.033%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.02	−0.008%	$19.0M	$16.6M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.00	−0.020%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0591%	4h	153.01	−0.012%	$1.7M	$892K	20x	as long as short